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Property profile & analytics
OFF-MARKET
Estimated value
$9,900,000
Retail residential properties
261 Broome St New York, NY 10002-4533
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-3321615
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
27,370 SF
Lot
0.1 ac (4,390 SF)
Zoning code
C44A
APN
00413-0043
UPID
US63-3321615
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
-
Luke's Clothing Store
-
Key Products Marketing & Advertising IT Consulting Firm
-
Ole Martin Lund Bo Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.90M
Owner & transaction history
259 Broome LLC · 19 yrs held
259 Broome LLC
since 2007
2 recorded transactions
Zoning & alternative use
C44A · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,370,000
6.5%
$13,265,000
7%
$12,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,480,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,810,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$9.90M
Range $8.91M – $10.89M · ±10%
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
$362 / 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
$529,724
Tax year 2024
Assessed value
$4,237,113
Assessed 2024
Previous assessed
$4,536,643
-6.6% YoY
Effective rate
12.50%
On assessed value
Assessed land
$832,500
Assessed improvement
$3,404,613
Land market value
$1,850,000
Improvement market value
$7,914,000
Total market value
$9,764,000
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
1
Stories
7
Units
52
Total area
27,370 SF
Lot
0.1 ac (4,390 SF)
Zoning code
C44A
APN
00413-0043
UPID
US63-3321615
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44A · New York, NY
Zoning C44A · permitted uses
C44A · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
7
Buildings
1
Units
52
Lot
0.1 ac
Current owner
From public records · entity-resolved
259 Broome LLC
Entity
Mailing address
PO BOX 116, EASTCHESTER, NY 10709-0116
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2017
—
259 Broome LLC
—
Loan Modification, Consolidation And Extension
related
$10,200,000 · Northfield Bk
May 17, 2007
$16,450,000
259 Broome LLC
Spar Realty Associates LLC
Deed Of Trust
$10,050,000 · Bank Of America
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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