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Property profile & analytics
OFF-MARKET
Estimated value
$5,880,000
Retail residential properties
2496 Frederick Douglass Blvd New York, NY 10030-2727
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3134600
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
18,680 SF
Lot
0.11 ac (4,983 SF)
Zoning code
R7-2
APN
01939-0004
UPID
US63-3134600
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carols Creative Barber Shop
-
Tyarius natural Palace Hair Salon
-
jayoutcuts Barber Shop
-
Denny Moe's Superstar Barbershop Barber Shop
-
Keepin It Kinky Natural Hair Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.88M
Owner & transaction history
Bethel Destiny Pavilion Hsng D · 7 yrs held
Bethel Destiny Pavilion Hsng D
since 2019
5 recorded transactions
Zoning & alternative use
R7-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$315 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,632
Tax year 2024
Assessed value
$869,670
Assessed 2024
Previous assessed
$857,700
+1.4% YoY
Effective rate
2.03%
On assessed value
Assessed land
$105,750
Assessed improvement
$763,920
Land market value
$235,000
Improvement market value
$1,636,000
Total market value
$1,871,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
18
Total area
18,680 SF
Lot
0.11 ac (4,983 SF)
Zoning code
R7-2
APN
01939-0004
UPID
US63-3134600
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NYZoning R7-2 · permitted uses
R7-2 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
5
Buildings
1
Units
18
Lot
0.11 ac
Current owner
From public records · entity-resolved
Bethel Destiny Pavilion Hsng D
Individual
Mailing address
669 MALCOLM X BLVD #1, NEW YORK, NY 10037-1031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
$9,631,964
Bethel Destiny Pavilion Hsng D
Hcci Genesis Y15 Hsng Dev Fund
Quit Claim Deed
related
$5,913,550 · Housing & Cmnty Dev Dept
Jul 18, 2019
—
Bethel Destiny Pavilion Hsng D
—
Loan Modification
related
$960,000 · Miscellaneous Govt Agcy
May 24, 2017
—
Wrenbrook Realty LP
Wrenbrook Realty LP
Quit Claim Deed
related
$822,607 · Local Initiatives Support Corp
Dec 6, 2007
$9,716,646
Wrenbrook Realty
Neighborhood Partnership Hsng
Trustees Deed
related
$3,543,106 · New York City Hsng Preserv Dep
—
—
Wrenbrook Realty
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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