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Property profile & analytics
OFF-MARKET
Schools
304 81st St, New York, NY 10024
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2579865
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1899
Total area
5,670 SF
Lot
0.03 ac (1,363 SF)
Zoning code
R10A
APN
01244-0151
UPID
US63-2579865
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lms 297 LLC · 4 yrs held
Lms 297 LLC
since 2021
7 recorded transactions
Zoning & alternative use
R10A · 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
—
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
Assessed value
$6,250,860
Assessed 2024
Previous assessed
$6,386,400
-2.1% YoY
Assessed land
$1,113,750
Assessed improvement
$5,137,110
Land market value
$2,475,000
Improvement market value
$12,009,000
Total market value
$14,484,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1899
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
5,670 SF
Lot
0.03 ac (1,363 SF)
Zoning code
R10A
APN
01244-0151
UPID
US63-2579865
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10A · New York, NY
Zoning R10A · permitted uses
R10A · 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
1899
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Lms 297 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
160 W 74TH ST, NEW YORK, NY 10023-2301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 18, 2021
$6,800,000
Lms 297 LLC
Mf 300-04 East 81st LLC
Deed
—
Jan 20, 2021
—
Calhoun School INC
—
Deed
related
$32,535,000 · Build Nyc Resource Corp
Jan 23, 2019
—
Mf 300-04 East 81st LLC
35-37-39 East 63rd LLC
Grant Deed
related
—
Feb 6, 2018
—
Wmf 300-04 East 81st LLC
—
Grant Deed
related
$1,307,269 · Readycap Com'l
—
—
New York City Indl Dev Agcy
—
Loan Modification
related
—
—
—
Calhoun School INC
—
Deed Of Trust
related
$32,840,000 · Build Nyc Resource Corp
—
—
Calhoun School INC
—
Deed Of Trust
related
$32,535,000 · Build Nyc Resource 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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