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Property profile & analytics
OFF-MARKET
Estimated value
$7,440,000
Investment properties
25-27 Peck Slip Slip, New York, NY 10038
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2984108
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
10,635 SF
Lot
0.05 ac (2,127 SF)
Zoning code
C62A
APN
00107-0040
UPID
US63-2984108
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.46M
CAP Approach
CAP
$5.22M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$7.44M
Owner & transaction history
Reda Peck Slip LLC · 4 yrs held
Reda Peck Slip LLC
since 2022
Last sale
$8.7M
4 recorded transactions
Zoning & alternative use
C62A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.7M
+12.8%
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
Method
Estimation
Statistic approach
$7,375,000
ML approach
$7,455,000
CAP Approach
CAP Return
Estimation
6%
$5,650,000
6.5%
$5,215,000
7%
$4,845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,705,000
Current use
WAREHOUSE, STORAGE
$8,690,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$6,795,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$7.44M
Range $6.70M – $8.18M · ±10% · vs last sale $8.65M (Mar 18 2022)
Last sale anchor
$8.65M
Mar 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$700 / 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
$126,341
Tax year 2024
Assessed value
$1,010,563
Assessed 2024
Previous assessed
$921,008
+9.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$610,590
Assessed improvement
$399,973
Land market value
$3,360,000
Improvement market value
$2,201,000
Total market value
$5,561,000
Applied tax rate
4.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
6
Total area
10,635 SF
Lot
0.05 ac (2,127 SF)
Zoning code
C62A
APN
00107-0040
UPID
US63-2984108
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$8.7M
OFFICE BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
Reda Peck Slip LLC
Entity
Mailing address
1 SS ST FL #27, BALTIMORE, MD 21202-3282
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
Reda Peck Slip LLC
—
Deed
related
$12,000,000 · Lnf Commercial, LLC
Mar 18, 2022
$8,650,000
Reda Peck Slip LLC
Peck Ajs, LLC
Deed
—
Jun 3, 2016
—
Peck Ajs LLC
Peckwall Associates LLC
Quit Claim Deed
—
Jul 14, 2004
—
Peckwall Assocs LLC
Zalman,benjamin & Alan Schnurman
Grant Deed
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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