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Property profile & analytics
OFF-MARKET
Estimated value
$4,715,000
Office buildings
250 Lafayette St New York, NY 10012-4040
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3701647
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1910
Total area
16,766 SF
Lot
0.08 ac (3,292 SF)
Zoning code
M15R7D
APN
00496-0027
UPID
US63-3701647
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
-
ACTIVATE (Bike/Boat/Book/etc) Store Corporate Office
-
Spinelli Kilcollin (Bike/Boat/Book/etc) Store
-
TF Chen Museum Art Museum Art Gallery
-
Rotabull Corporate Office
-
Trica Jean-Baptiste Communications Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.72M
Owner & transaction history
Chen Foundation, INC. · 6 yrs held
Chen Foundation, INC.
since 2020
7 recorded transactions
Zoning & alternative use
M15R7D · 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
$281 / 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
$338,395
Tax year 2024
Assessed value
$3,194,820
Assessed 2024
Previous assessed
$3,104,100
+2.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$337,500
Assessed improvement
$2,857,320
Land market value
$750,000
Improvement market value
$6,870,000
Total market value
$7,620,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
6
Units
6
Total area
16,766 SF
Lot
0.08 ac (3,292 SF)
Zoning code
M15R7D
APN
00496-0027
UPID
US63-3701647
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R7D · New York, NY
Zoning M15R7D · permitted uses
M15R7D · 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
1910
Heating
NONE
Stories
6
Buildings
1
Units
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Chen Foundation, INC.
Entity
Mailing address
250 LAFAYETTE ST FL #5, NEW YORK, NY 10012-4040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 8, 2020
—
Chen Foundation, INC.
—
Deed
related
$4,850,000 · Shanghai Commercial Bank Ltd., New York
Jul 7, 2017
—
Chen Foundation INC
—
Loan Modification, Consolidation And Extension
related
$16,000,000 · Shanghai Com'l Bk Ltd
Aug 10, 2016
—
Chen Foundation INC
—
Deed
related
$5,000,000 · 250 Lafayette Street 2 LLC
—
—
Chen Foundation INC
—
Loan Modification, Consolidation And Extension
related
$45,000,000 · 250 Lafayette Street 1 LLC
—
—
Chen Foundation INC
—
Deed Of Trust
related
$32,837,576 · Private Individual
—
—
Chen Foundation INC
—
Deed Of Trust
related
$5,000,000 · 250 Lafayette Street 2 LLC
—
—
Chen Foundation INC
—
Deed Of Trust
related
$3,998,623 · Hsbc Realty Credit Corp
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
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