New search
Property profile & analytics
FOR LEASE
Flex space
31 West 52Nd St, New York, NY 10019
Entity Owned
~
Est. High Equity
Property ID
US63-2329320
For Lease
Contact for pricing
31 West 52Nd St, New York, NY 10019
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
711,791 SF
Lot
1.05 ac (45,869 SF)
Zoning code
C52.5
APN
01268-1002
UPID
US63-2329320
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
-
Zipcar Car Rental Facility
-
Kane Janet Law Firm
-
Holland & Knight: John F. Pritchard Law Firm
-
Paramount Group Inc. Property Management Company
-
Privately Owned Public Plaza Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$83.91M
Owner & transaction history
Rithm Pgre Nominee I LLC
Rithm Pgre Nominee I LLC
since 2026
5 recorded transactions
Zoning & alternative use
C52.5 · 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
$118 / 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
$16,499,577
Tax year 2024
Assessed value
$155,773,956
Assessed 2024
Previous assessed
$160,490,180
-2.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$34,636,500
Assessed improvement
$121,137,456
Land market value
$76,970,000
Improvement market value
$273,274,400
Total market value
$350,244,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1986
Heating
NONE
Buildings
1
Stories
30
Units
1
Total area
711,791 SF
Lot
1.05 ac (45,869 SF)
Zoning code
C52.5
APN
01268-1002
UPID
US63-2329320
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NY
Zoning C52.5 · permitted uses
C52.5 · 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
1986
Heating
NONE
Stories
30
Buildings
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Rithm Pgre Nominee I LLC
Entity
Mailing address
31 W 52ND STCOM2, NEW YORK, NY 10019-6118
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Rithm Pgre Nominee I LLC
Partners Of Paramount Group Operati
Deed
—
May 9, 2016
—
40 West 53rd Associates LP
—
Deed
related
$104,000,000 · Miscellaneous Ins Co
Sep 10, 2008
—
40 West 53rd Assocs
—
Loan Modification
related
$396,000,000 · Landesbank Hessen Thueringen
—
—
40 West 53rd Associates LP
—
Loan Modification, Consolidation And Extension
related
$500,000,000 · Miscellaneous Ins Co
—
—
40 West 53rd Associates LP
—
Deed Of Trust
related
$104,000,000 · Miscellaneous Ins Co
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
