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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Warehouses
303 111th St, New York, NY 10029-3003
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-5704247
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
2,732 SF
Lot
0.06 ac (2,733 SF)
Zoning code
R9A
APN
01683-0104
UPID
US63-5704247
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
-
Emco Plumbing & Heating Co HVAC Service General Contractor
-
Green Brothers Plumbers Plumbing Service General Contractor
-
Eemco Plumbing Services Llc Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.68M
Owner & transaction history
Breco 303w111 LLC · 1 yrs held
Breco 303w111 LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R9A · 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
$1,760,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,235,000
Current use
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10% · vs last sale $1.75M (Jun 21 2021)
Last sale anchor
$1.75M
Jun 21 2021
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
$615 / 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
$25,414
Tax year 2024
Assessed value
$239,940
Assessed 2024
Previous assessed
$230,490
+4.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$49,050
Assessed improvement
$190,890
Land market value
$109,000
Improvement market value
$486,000
Total market value
$595,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,732 SF
Lot
0.06 ac (2,733 SF)
Zoning code
R9A
APN
01683-0104
UPID
US63-5704247
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R9A · New York, NY
Zoning R9A · permitted uses
R9A · 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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
1940
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Breco 303w111 LLC
Entity
Mailing address
590 5TH AVE STE #1402, NEW YORK, NY 10036-4789
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
Breco 303w111 LLC
303-305 West 111 LLC
Deed
related
—
Apr 19, 2024
—
Breco 303w111 LLC
303-305 West 111 LLC
Deed
—
Aug 31, 2021
—
145-153 Edgecombe Holdings LLC,
—
Deed
related
$8,297,844 · Arbor Realty SR, INC.,
Apr 9, 2018
—
303 East 111th Street Realty LLC
—
Deed
related
$41,783 · Savoy Bank
Mar 27, 2008
$1,600,000
303 East 111th Street Realty LLC
S&e Largo Realty Corp
Deed
$1,600,000 · Wachovia Bank NA
—
—
303 East 111th Street Rlty LLC
—
Loan Modification
related
$1,050,000 · First Capital Mtg Investors LP
—
—
303 East 111th Street Realty L
—
Deed Of Trust
related
$150,000 · Savoy Bk
—
—
303 E 111th Street Realty LLC
—
Loan Modification
related
$1,350,000 · Savoy 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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