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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Retail residential properties
2655 Frederick Douglass Blvd New York, NY 10030-1536
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-5880141
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1925
Total area
10,250 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
02043-0017
UPID
US63-5880141
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
-
Amy’s Hair Braiding New York NY Hair Salon
-
Claretta S. Whyte, LMSW Physician
-
Yella Diallo General Merchandise Department Store
-
Liberty Place Property Management Property Management Company
-
EZ WIRELESS I CORP Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
2655 Realty LLC · 11 yrs held
2655 Realty LLC
since 2015
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%
$5,445,000
6.5%
$5,025,000
7%
$4,665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,545,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±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
$411 / 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
$88,304
Tax year 2024
Assessed value
$706,320
Assessed 2024
Previous assessed
$600,750
+17.6% YoY
Effective rate
12.50%
On assessed value
Assessed land
$107,100
Assessed improvement
$599,220
Land market value
$238,000
Improvement market value
$1,363,000
Total market value
$1,601,000
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
1925
Heating
NONE
Buildings
1
Stories
5
Units
15
Total area
10,250 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
02043-0017
UPID
US63-5880141
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
OFFICE BUILDING
Est. value
$6.5M
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
1925
Heating
NONE
Stories
5
Buildings
1
Units
15
Lot
0.06 ac
Current owner
From public records · entity-resolved
2655 Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2655 FREDERICK DOUGLASS BLVD, NEW YORK, NY 10030-1536
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
—
2655 Realty LLC
—
Deed
related
$2,535,000 · Greystone Svcng Corp
Oct 17, 2019
—
2655 Realty LLC
—
Deed
related
$4,466,905 · Greystone Svcg
Jun 1, 2015
$3,429,000
2655 Realty LLC
Crp 2655 Fdb LLC
Grant Deed
—
Jun 1, 2015
—
Crp 2655 Fdb LLC
Crp 2655 Fdb LLC
Quit Claim Deed
—
Mar 16, 2012
$1,623,442
Crp 2655 Fdb LLC
2655 Frederick Douglas LLC
Grant Deed
—
Apr 2, 2008
$2,350,000
2655 Frederick Douglas LLC
277 Realty INC
Grant Deed
—
Dec 8, 2005
—
277 Realty INC
2655 Frederick Douglass Boulev
Grant Deed
related
—
May 20, 2004
$902,000
Realty LLC
Epps,donald J
Grant Deed
related
—
—
—
2655 Realty LLC
—
Loan Modification, Consolidation And Extension
related
$4,912,500 · Investors Bk
—
—
2655 Realty LLC
—
Deed Of Trust
related
$2,535,000 · Greystone Svcng Corp
—
—
2655 Realty LLC
—
Loan Modification
related
$4,466,905 · Greystone Svcg
—
—
277 Realty INC
—
Deed Of Trust
related
$1,665,000 · New York Community Bank
—
—
Crp 2655 Fdb LLC
—
Deed Of Trust
related
$1,300,000 · New York Community Bank
—
—
2655 Frederick Douglas LLC
—
Deed Of Trust
related
$1,665,000 · New York Community Bank
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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