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Property profile & analytics
OFF-MARKET
Estimated value
$23,245,000
Hospitals
313-317 17th St New York, NY 10003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1354235
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1965
Total area
70,848 SF
Lot
0.25 ac (11,024 SF)
Zoning code
R8A
APN
00923-0011
UPID
US63-1354235
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
$32.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.25M
Owner & transaction history
317 East 17th Street LLC · 1 yrs held
317 East 17th Street LLC
since 2025
Last sale
$27.6M
2 recorded transactions
Zoning & alternative use
R8A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$29.6M
+4,054.2%
Warehouse, storage
$24.0M
+3,266.2%
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
$18,480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,195,000
6.5%
$32,490,000
7%
$30,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$29,610,000
Change: +4,054% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,990,000
Change: +3,266% · Conversion: Difficult
Blend value · Realmo final
$23.25M
Range $20.92M – $25.57M · ±10% · vs last sale $27.59M (Jan 6 2025)
Last sale anchor
$27.59M
Jan 6 2025
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
$328 / 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
Assessed value
$7,700,580
Assessed 2024
Previous assessed
$7,867,350
-2.1% YoY
Assessed land
$2,254,500
Assessed improvement
$5,446,080
Land market value
$5,010,000
Improvement market value
$12,833,000
Total market value
$17,843,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
1
Stories
12
Units
2
Total area
70,848 SF
Lot
0.25 ac (11,024 SF)
Zoning code
R8A
APN
00923-0011
UPID
US63-1354235
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8A · New York, NY
Zoning R8A · permitted uses
R8A · 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
INDUSTRIAL (GENERAL)
Est. value
$29.6M
WAREHOUSE, STORAGE
Est. value
$24.0M
INDUSTRIAL (GENERAL)
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
1965
Heating
NONE
Stories
12
Buildings
1
Units
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
317 East 17th Street LLC
Entity
Mailing address
313 E 17TH ST, NEW YORK, NY 10003-3804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Three One Three LLC
—
Deed
related
$4,074,961 · Valley National Bank
Jan 6, 2025
$27,589,375
317 East 17th Street LLC
Beth Israel Hospital Association
Deed
$27,500,000 · G4 18274, LLC
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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