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Property profile & analytics
OFF-MARKET
Estimated value
$10,875,000
Retail residential properties
2518 Frederick Douglass Blvd New York, NY 10030-2701
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3024064
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
21,879 SF
Lot
0.28 ac (12,000 SF)
Zoning code
R7-2
APN
01940-0003
UPID
US63-3024064
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
-
Juanita Dunbar Physician
-
Harlem Loan Center Loan Service
-
Municipal Credit Union ATM Credit Union
-
Splash Brothers Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.85M
CAP Approach
CAP
$10.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.88M
Owner & transaction history
Greater Harlem Housing Hdfc · 5 yrs held
Greater Harlem Housing Hdfc
since 2021
Last sale
$10.8M
5 recorded transactions
Zoning & alternative use
R7-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$17.9M
+16.1%
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
$10,875,000
ML approach
$8,850,000
CAP Approach
CAP Return
Estimation
6%
$11,625,000
6.5%
$10,730,000
7%
$9,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,400,000
Current use
WAREHOUSE, STORAGE
$17,880,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$13,975,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$10.88M
Range $9.79M – $11.96M · ±10% · vs last sale $10.82M (Jul 29 2021)
Last sale anchor
$10.82M
Jul 29 2021
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
$497 / 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
$8,776
Tax year 2024
Assessed value
$1,483,200
Assessed 2024
Previous assessed
$1,670,850
-11.2% YoY
Effective rate
0.59%
On assessed value
Assessed land
$49,500
Assessed improvement
$1,433,700
Land market value
$110,000
Improvement market value
$3,335,000
Total market value
$3,445,000
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
1920
Heating
NONE
Buildings
3
Stories
5
Units
46
Total area
21,879 SF
Lot
0.28 ac (12,000 SF)
Zoning code
R7-2
APN
01940-0003
UPID
US63-3024064
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$15.4M
WAREHOUSE, STORAGE
Est. value
$17.9M
OFFICE BUILDING
Est. value
$14.0M
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
1920
Heating
NONE
Stories
5
Buildings
3
Units
46
Lot
0.28 ac
Current owner
From public records · entity-resolved
Greater Harlem Housing Hdfc
Individual
Mailing address
200 W 136TH STA, NEW YORK, NY 10030-2697
Ownership since
2021
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 29, 2021
$10,820,000
Greater Harlem Housing Hdfc
Greater Harlem Housing Development
Deed
$5,866,980 · New York City Housing Development C
Jul 29, 2021
—
Greater Harlem Housing Development
—
Deed
related
$1,435,000 · New York City Housing Development Corpor
Jun 13, 2008
—
Greater Harlem Hsng Dev Corp
—
Deed Of Trust
related
$5,866,980 · Hud
May 4, 2006
—
Greater Harlem Hsng Dev Corp
—
Deed Of Trust
related
$5,779,050 · New York City (ny)
—
—
Greater Harlem Hsng Dev Corp
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Govt Agcy
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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