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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Residential income homes
310 22nd St New York, NY 10011-2616
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1160417
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Total area
4,540 SF
Lot
0.05 ac (1,975 SF)
Zoning code
R7B
APN
00745-0044
UPID
US63-1160417
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
-
NYU Langone Radiology at 22nd Street Medical Clinic
-
Nieuw Amsterdam Property Management Property Management Company
-
Dr. Charles W. Hearns, MD Physician
-
School of Visual Arts East University
-
Dr. Jill R. Zimmerman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.43M
Blend (final)
Blend
$5.00M
Owner & transaction history
Gw 310 West 22nd Street, LLC · 1 yrs held
Gw 310 West 22nd Street, LLC
since 2024
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
R7B · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+16.8%
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,535,000
Current use
COMMERCIAL (GENERAL)
$5,300,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$3,860,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,710,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Dec 27 2024)
Last sale anchor
$5.00M
Dec 27 2024
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
$1,101 / 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
$81,744
Tax year 2024
Assessed value
$653,850
Assessed 2024
Previous assessed
$577,260
+13.3% YoY
Effective rate
12.50%
On assessed value
Assessed land
$77,400
Assessed improvement
$576,450
Land market value
$172,000
Improvement market value
$1,700,000
Total market value
$1,872,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
3
Units
12
Total area
4,540 SF
Lot
0.05 ac (1,975 SF)
Zoning code
R7B
APN
00745-0044
UPID
US63-1160417
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7B · New York, NY
Zoning R7B · permitted uses
R7B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1900
Heating
NONE
Stories
3
Buildings
1
Units
12
Lot
0.05 ac
Current owner
From public records · entity-resolved
Gw 310 West 22nd Street, LLC
Entity
Mailing address
243 5TH AVE #409, NEW YORK, NY 10016-8703
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$4,998,287
Gw 310 West 22nd Street, LLC
310 W 22nd Street Partners 1 LLC
Deed
$75,000,000 · Wells Fargo Bank, NA, As Trustee Tr
Aug 22, 2017
—
310 W 22nd Street Ptrs 1 LLC
—
Loan Modification, Consolidation And Extension
related
$75,000,000 · Cantor Com'l R/e Lndg
May 27, 2016
$5,375,000
310 W 22nd Street Ptrs 1 LLC
Hunter Equities 310 LLC
Grant Deed
$2,625,000 · Bankunited Fsb
Apr 3, 2015
—
Hunter Equities 310 LLC
Hunter Equities Corp
Quit Claim Deed
—
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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