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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Retail residential properties
2643 Frederick Douglass Blvd New York, NY 10030-1503
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-5948920
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1910
Total area
11,571 SF
Lot
0.06 ac (2,492 SF)
Zoning code
R7-2
APN
02043-0011
UPID
US63-5948920
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
-
Deli Grocery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.96M
Owner & transaction history
Chase Group Alliance LLC · 18 yrs held
Chase Group Alliance LLC
since 2008
7 recorded transactions
Zoning & alternative use
R7-2 · 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%
$6,145,000
6.5%
$5,675,000
7%
$5,270,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,145,000
Current use
OFFICE BUILDING
$7,390,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±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
$429 / 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
$99,128
Tax year 2024
Assessed value
$873,360
Assessed 2024
Previous assessed
$849,600
+2.8% YoY
Effective rate
11.35%
On assessed value
Assessed land
$41,490
Assessed improvement
$831,870
Land market value
$125,000
Improvement market value
$1,637,000
Total market value
$1,762,000
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
1910
Heating
NONE
Buildings
1
Stories
5
Units
14
Total area
11,571 SF
Lot
0.06 ac (2,492 SF)
Zoning code
R7-2
APN
02043-0011
UPID
US63-5948920
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning 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
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL) Current
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
1910
Heating
NONE
Stories
5
Buildings
1
Units
14
Lot
0.06 ac
Current owner
From public records · entity-resolved
Chase Group Alliance LLC
Entity
Mailing address
PO BOX 190354, BROOKLYN, NY 11219-0354
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2019
—
Chase Group Alliance LLC
—
Deed
related
$4,225,000 · Hunt Mtg Ptrs LLC
Oct 16, 2019
—
Chase Group Alliance LLC
—
Deed
related
$1,774,521 · % Hunt Real Estate Capital LLC
Sep 10, 2014
—
Chase Group Alliance LLC
—
Loan Modification, Consolidation And Extension
related
$2,750,000 · New York Com'l Bk
Apr 8, 2008
$1,040,060
Chase Group Alliance LLC
A I Holdings LLC
Grant Deed
—
Oct 18, 2004
$750,000
A I Holdings LLC
301 W 141 St Realty Corp
Grant Deed
related
—
—
—
Chase Group Alliance LLC
—
Deed Of Trust
related
$1,774,520 · Hunt Mtg Ptrs LLC
—
—
Chase Group Alliance LLC
—
Deed Of Trust
related
$4,225,000 · Hunt Mtg Ptrs LLC
—
—
Chase Group Alliance LLC
—
Loan Modification
related
$4,225,000 · Hunt Mtg Ptrs LLC
—
—
Chase Group Alliance LLC
—
Loan Modification, Consolidation And Extension
related
$2,750,000 · New York Com'l Bk
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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