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Property profile & analytics
OFF-MARKET
Estimated value
$6,735,000
Retail residential properties
315 54th St New York, NY 10019-5137
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1759316
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
11,530 SF
Lot
0.07 ac (2,928 SF)
Zoning code
R8
APN
01045-0022
UPID
US63-1759316
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
-
Redtop Tattoo Needles Tattoo & Piercing Shop
-
Redink Tattoo Studio Tattoo & Piercing Shop
-
Eclair image Image Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.91M
CAP Approach
CAP
$5.66M
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$6.74M
Owner & transaction history
Simry Realty Corp. · 4 yrs held
Simry Realty Corp.
since 2022
Last sale
$8.2M
5 recorded transactions
Zoning & alternative use
R8 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.4M
+18.9%
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
$6,735,000
ML approach
$6,910,000
CAP Approach
CAP Return
Estimation
6%
$6,125,000
6.5%
$5,655,000
7%
$5,250,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,925,000
Current use
WAREHOUSE, STORAGE
$9,420,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$7,365,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.74M
Range $6.06M – $7.41M · ±10% · vs last sale $8.20M (May 18 2022)
Last sale anchor
$8.20M
May 18 2022
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
$584 / 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
$94,976
Tax year 2024
Assessed value
$759,690
Assessed 2024
Previous assessed
$729,000
+4.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$128,250
Assessed improvement
$631,440
Land market value
$285,000
Improvement market value
$1,468,000
Total market value
$1,753,000
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
1920
Heating
NONE
Buildings
1
Stories
5
Units
17
Total area
11,530 SF
Lot
0.07 ac (2,928 SF)
Zoning code
R8
APN
01045-0022
UPID
US63-1759316
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · New York, NYZoning R8 · permitted uses
R8 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$9.4M
OFFICE BUILDING
Est. value
$7.4M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1920
Heating
NONE
Stories
5
Buildings
1
Units
17
Lot
0.07 ac
Current owner
From public records · entity-resolved
Simry Realty Corp.
Entity
Free & Clear · 4 yrs held
Mailing address
114 E 71ST ST, NEW YORK, NY 10021-5040
Ownership since
2022
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
May 27, 2022
—
Simry Realty Corp.
Simry Realty, LLC
Correction Deed
related
—
May 18, 2022
$8,200,000
315w54 Owner LLC
Simry Realty Corp.
Deed
—
Apr 5, 2011
—
Simry Rlty Corp
—
Deed Of Trust
related
$7,865,000 · Beech Street Capital LLC
Mar 23, 2005
—
Simry Realty LLC
Simry Realty LLC
Quit Claim Deed
related
—
—
—
Simry Realty Corp
—
Deed Of Trust
related
$3,964,934 · Beech Street Capital 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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