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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
2701 Frederick Douglass Blvd New York, NY 10030-1206
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-0203881
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
2,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
02044-0012
UPID
US63-0203881
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
-
Steve Watch Shoe Repair (Bike/Boat/Book/etc) Store
-
Douglas Ninety Nine Cents Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
2699 Fdr LLC · 11 yrs held
2699 Fdr 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$220 / 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
$18,875
Tax year 2024
Assessed value
$178,200
Assessed 2024
Previous assessed
$174,510
+2.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$30,150
Assessed improvement
$148,050
Land market value
$67,000
Improvement market value
$393,000
Total market value
$460,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
02044-0012
UPID
US63-0203881
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.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
2699 Fdr LLC
Entity
Free & Clear · 11 yrs held
Mailing address
8 TURTLE CLAN CT, CLARKSBURG, NJ 08510-1700
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2015
—
2699 Fdr LLC
Global Tower One LLC
Warranty Deed
related
—
May 8, 2009
—
Global Tower One LLC
—
Deed Of Trust
related
$1,820,000 · Asia Bank NA
May 18, 2007
$1,110,000
Ilan Peleg
Shehebar,abraham
Grant Deed
related
—
May 18, 2007
$3,000,000
Global Tower One LLC
Peleg,ilan
Trustees Deed
related
$1,820,000 · Asia Bank NA
—
—
2699 Fdr LLC
—
Deed Of Trust
related
$71,430 · Cathay Bk
—
—
2699 Fdr LLC
—
Loan Modification, Consolidation And Extension
related
$1,750,000 · Cathay Bk
—
—
Abraham Shehebar
—
Deed Of Trust
related
$175,000 · Money Now Mortgage Corp
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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