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Property profile & analytics
FOR SALE
Investment properties
257 Main St, Johnson City, NY 13790
Individually Owned
3-yr Hold
Free & Clear
Property ID
US63-0126955
For Sale
1 / 14
$1,225,000
257 Main St, Johnson City, NY 13790
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
21,348 SF
Lot
0.17 ac (7,500 SF)
Zoning code
UMF
APN
034603 143.57-2-33
UPID
US63-0126955
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
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$990k
Owner & transaction history
Teitelbaum Shia · 3 yrs held
Teitelbaum Shia
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
UMF · Johnson City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+55.8%
Warehouse, storage
$1.1M
+1.7%
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 Johnson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnson City 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
$955,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,035,000
Current use
RESTAURANT
$1,615,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,055,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $1.00M (Feb 10 2023)
Last sale anchor
$1.00M
Feb 10 2023
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
$46 / 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
Property tax & assessments
Assessed value
$15,120
Assessed 2023
Previous assessed
$15,120
+0.0% YoY
Assessed land
$8,000
Assessed improvement
$7,120
Land market value
$231,214
Improvement market value
$205,780
Total market value
$436,994
Applied tax rate
34,602.0000
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
For Sale
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
21,348 SF
Lot
0.17 ac (7,500 SF)
Zoning code
UMF
APN
034603 143.57-2-33
UPID
US63-0126955
Jurisdiction
BROOME
Zoning & alternative use
UMF · Johnson City, NY
Zoning UMF · permitted uses
UMF · Johnson City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnson City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
WAREHOUSE, STORAGE
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
1960
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Teitelbaum Shia
Individual
Free & Clear · 3 yrs held
Mailing address
257 MAIN ST, JOHNSON CITY, NY 13790-2417
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$1,000,000
Teitelbaum Shia
Sub Realty Ny LLC
Deed
—
Jan 6, 2021
—
40 Court LLC
—
Deed
related
$552,500 · Visions FCU
Jul 10, 2020
$550,000
40 Court LLC
Mbh Main Jc Realty LLC
Warranty Deed
—
Feb 1, 2012
$150,000
Mbh Main Jc Realty LLC
City Natl Bk
Grant Deed
—
Jun 20, 2011
$186,090
City Natl Bk
Referee Of County Of Broome
Trustees Deed
related
—
Sep 22, 2009
$285,519
257 Main Corp 1
Glauber,baruch
Grant Deed
—
Aug 8, 2005
—
Baruch Glauber
257 Main LLC
Warranty Deed
related
—
Apr 21, 2005
$415,000
257 Main LLC
French,gary
Warranty Deed
—
Apr 19, 2004
$87,000
Gary French
Phelps Corporation
Warranty Deed
—
—
—
40 Court LLC
—
Deed Of Trust
related
$552,500 · Visions FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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