New search
Property profile & analytics
FOR SALE
Retail residential properties
25 W 23Rd St New York, NY 10010
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-0896628
For Sale
1 / 2
$5,650,000
25 W 23Rd St, New York, NY 10010
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
8,175 SF
Lot
0.06 ac (2,419 SF)
Zoning code
M1-6
APN
00825-0028
UPID
US63-0896628
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
-
Y7 Studio Flatiron Gym & Fitness Center
-
Deep Indian Kitchen Restaurant Take-out & Catering
-
Unique Threading Salon - West 23rd Street Hair Salon Nail Salon
-
Sally Johnson Studios Theater & Performing Art Venue Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Studio Park LLC · 15 yrs held
Studio Park LLC
since 2011
7 recorded transactions
Zoning & alternative use
M1-6 · 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
$321 / 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
$119,589
Tax year 2024
Assessed value
$1,156,480
Assessed 2024
Previous assessed
$1,128,150
+2.5% YoY
Effective rate
10.34%
On assessed value
Assessed land
$522,000
Assessed improvement
$634,480
Land market value
$1,160,000
Improvement market value
$1,349,000
Total market value
$2,509,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1920
Heating
NONE
Buildings
1
Stories
4
Units
4
Total area
8,175 SF
Lot
0.06 ac (2,419 SF)
Zoning code
M1-6
APN
00825-0028
UPID
US63-0896628
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · New York, NY
Zoning M1-6 · permitted uses
M1-6 · 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.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Studio Park LLC
Entity
Mailing address
25 W 23RD ST, NEW YORK, NY 10010-4210
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2011
$5,650,000
Studio Park LLC
25 West 23 Street LLC
Grant Deed
$484,572 · Sovereign Bank
May 19, 2008
—
25 West 23 Street LLC
Dmj Associates
Grant Deed
related
—
—
—
Studio Park LLC
—
Deed Of Trust
related
$2,942,870 · Santander Bk NA
—
—
Studio Park LLC
—
Loan Modification, Consolidation And Extension
related
$6,250,000 · Santander Bk NA
—
—
Studio Park LLC
—
Loan Modification, Consolidation And Extension
related
$7,970,000 · Jp Morgan Chase Bk
—
—
Dmj Associates
—
Deed Of Trust
related
$1,382,146 · Sovereign Bank
—
—
Studio Park LLC
—
Deed Of Trust
related
$3,452,000 · Sovereign Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
