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Property profile & analytics
OFF-MARKET
Estimated value
$303,205,000
Theaters & concert halls
302 45th St 314, New York, NY 10036-3802
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3694814
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1924
Total area
39,762 SF
Lot
0.31 ac (13,389 SF)
Zoning code
C6-2
APN
01035-0037
UPID
US63-3694814
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
-
King of the Circuits Electrical Service General Contractor
-
Hotel NY Hotel & Motel
-
Moulin Rouge! The Musical Theater & Performing Art Venue
-
Al Hirschfeld Theatre Theater & Performing Art Venue
-
Grand Marquis Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$303.21M
Owner & transaction history
Jujamcyn Midco, LLC · 2 yrs held
Jujamcyn Midco, LLC
since 2023
Last sale
$308.4M
7 recorded transactions
Zoning & alternative use
C6-2 · 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
$292,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$303.21M
Range $272.88M – $333.53M · ±10% · vs last sale $308.40M (Jul 19 2023)
Last sale anchor
$308.40M
Jul 19 2023
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
$7,625 / 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
$419,900
Tax year 2024
Assessed value
$3,964,310
Assessed 2024
Previous assessed
$3,929,391
+0.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,137,500
Assessed improvement
$1,826,810
Land market value
$4,750,000
Improvement market value
$5,692,000
Total market value
$10,442,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1924
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
39,762 SF
Lot
0.31 ac (13,389 SF)
Zoning code
C6-2
APN
01035-0037
UPID
US63-3694814
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-2 · New York, NY
Zoning C6-2 · permitted uses
C6-2 · 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
1924
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Jujamcyn Midco, LLC
Entity
Mailing address
246 W 44TH ST, NEW YORK, NY 10036-3910
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$308,400,000
Jujamcyn Midco, LLC
Jefferson Jv Co LP
Deed
—
Jun 21, 2023
—
Nh Jefferson Holdco LLC
Jr30 LLC
Deed
—
Jan 20, 2023
—
Jefferson Jvco LP
Jr30 LLC
Deed
—
Oct 1, 2019
—
Jujamcyn Theaters LLC
—
Grant Deed
related
$95,723,710 · Capital One NA
Jan 11, 2013
—
Jujamcyn Theaters LLC
—
Deed Of Trust
related
$2,999,999 · Capital One
Sep 13, 2011
—
Hhc Ts Reit LLC
—
Deed Of Trust
related
$52,685,920 · Hhc Mckinney Investments INC
Jul 25, 2011
$123,291,286
Hhc Ts Reit LLC
Extell West 45th LLC
Grant Deed
related
—
May 22, 2009
—
Jujamcyn Theaters LLC
—
Deed Of Trust
related
$3,500,017 · Shubert Organization INC
Jul 27, 2007
—
Extell West 45th LLC
—
Deed Of Trust
related
$5,000,000 · Anglo Irish Bank Corp Plc
Jun 4, 2007
—
Jujamcyn Theaters LLC
Fifth Street Holdings LLC
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.
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