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Property profile & analytics
OFF-MARKET
Drive through restaurants
26 23rd St New York, NY 10010-4401
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-5653921
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1928
Total area
4,800 SF
Lot
0.06 ac (2,436 SF)
Zoning code
C64M
APN
00851-0056
UPID
US63-5653921
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
-
Cucina & Mercato Restaurant
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
EFCNY Consultant
-
AgenCe Design Co Marketing & Advertising Advertising Agency
-
BLKBOX Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
24 East 23rd Commercial LLC · 18 yrs held
24 East 23rd Commercial LLC
since 2008
7 recorded transactions
Zoning & alternative use
C64M · 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
—
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
$130,429
Tax year 2024
Assessed value
$1,231,390
Assessed 2024
Previous assessed
$1,224,450
+0.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$486,000
Assessed improvement
$745,390
Land market value
$1,080,000
Improvement market value
$1,718,000
Total market value
$2,798,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
4,800 SF
Lot
0.06 ac (2,436 SF)
Zoning code
C64M
APN
00851-0056
UPID
US63-5653921
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64M · New York, NY
Zoning C64M · permitted uses
C64M · 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
1928
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
24 East 23rd Commercial LLC
Entity
Mailing address
175 BROADHOLLOW RD STE #195, MELVILLE, NY 11747-4913
Ownership since
2008
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 30, 2008
$1,500,000
24 East 23rd Commercial LLC
Slazer Enterprises Owner LLC
Grant Deed
related
—
Dec 20, 2007
—
Fkf Madison Group Owner LLC
—
Deed Of Trust
related
$35,025,505 · Sft I INC
Jul 19, 2007
—
Fkf Madison Group Owner LLC
—
Deed Of Trust
related
$8,397,402 · Pb Capital Corp
May 15, 2006
—
Slazer Ents Owner LLC
—
Grant Deed
related
$66,309,971 · Column Financial INC
May 15, 2006
$36,365,995
Slazer Ents Owner LLC
23rd Street LLC
Grant Deed
related
$8,397,402 · Column Financial INC
Sep 27, 2005
—
Flamingo LLC
Shrem,abe
Grant Deed
related
—
Apr 11, 2005
$4,250,000
23rd Street LLC
Aperture Foundation INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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