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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Retail residential properties
31 31st St 37, New York, NY 10016-6829
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1406663
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1914
Total area
91,500 SF
Lot
0.19 ac (8,459 SF)
Zoning code
C5-2
APN
00861-0027
UPID
US63-1406663
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
-
Frameless Doors Insensation® Hardware & Home Improvement Building Supply
-
Paris K Interior Design Interior Design Home Decor Store
-
Insensation Inc. Production Facility Building Supply
-
Xiconic Pharmaceuticals, LLC Factory Production Facility
-
S 31 Cleaner & Laundry (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
$1.90M
Owner & transaction history
Mmp 31 Owner LLC · 1 yrs held
Mmp 31 Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
C5-2 · 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
$21 / 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
$1,330,885
Tax year 2024
Assessed value
$10,645,380
Assessed 2024
Previous assessed
$10,645,380
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$1,327,500
Assessed improvement
$9,317,880
Land market value
$2,950,000
Improvement market value
$22,179,000
Total market value
$25,129,000
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
1914
Heating
NONE
Buildings
1
Stories
13
Units
95
Total area
91,500 SF
Lot
0.19 ac (8,459 SF)
Zoning code
C5-2
APN
00861-0027
UPID
US63-1406663
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-2 · New York, NY
Zoning C5-2 · permitted uses
C5-2 · 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
1914
Heating
NONE
Stories
13
Buildings
1
Units
95
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mmp 31 Owner LLC
Entity
Mailing address
717 W 5TH AVE FL, NEW YORK, NY 10022-8101
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Mmp 31 Owner LLC
Bre Fsc Multifamily Borrower LLC
Deed
$272,700,000 · Bds IV Mortgage Capital LLC
Aug 16, 2024
—
Mf I Jv Sub LLC
Mf 1 Multifamily Nominee LLC
Deed
—
Aug 25, 2023
$142,392,509
Aci Vi G10 Multifamily LLC
Bre Fsc Multifamily Mezz B Borrower
Deed
—
Aug 27, 2019
—
Bre Fsc Multifamily Borrower L
—
Loan Modification
related
$271,700,000 · Morgan Stanley Bk
Jul 6, 2018
—
Horizon Property LLC
—
Loan Modification
related
$17,200,000 · Signature Bk
Sep 21, 2015
$82,431,000
Bre Fsc Multifamily Borrower L
31 E 31 LLC
Grant Deed
$39,793,304 · Private Individual
Sep 20, 2012
—
31 E 31 LLC
—
Grant Deed
related
$17,550,000 · Beech Street Capital LLC
—
—
Bre Fsc Multifamily Borrower L
—
Loan Modification, Consolidation And Extension
related
$57,343,304 · Private Individual
—
—
Bre Fsc Multifamily Borrower L
—
Deed Of Trust
related
$480,000,000 · Annaly Cre LLC
—
—
31 E 31 LLC
—
Deed Of Trust
related
$16,065,000 · New York Community Bank
—
—
31 E 31 LLC
—
Deed Of Trust
related
$1,744,164 · Beech Street Capital LLC
—
—
31 E 31 LLC
—
Deed Of Trust
related
$7,229,500 · 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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