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Property profile & analytics
OFF-MARKET
Estimated value
$14,580,000
Investment properties
316 118th St, New York, NY 10026-1003
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-3684995
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Total area
30,740 SF
Lot
0.14 ac (6,055 SF)
Zoning code
R7A
APN
01944-0043
UPID
US63-3684995
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
-
K&R Realty Management Property Management Company Apartment Rental Agency
-
Israel Vacation Homes Corporate Office
-
GoNoFee Real Estate Agency
-
316 W 118th St Garage Parking Lot & Garage
-
Artimus Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.58M
Owner & transaction history
Office 118 Equities LLC · 13 yrs held
Office 118 Equities LLC
since 2012
5 recorded transactions
Zoning & alternative use
R7A · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,330,000
6.5%
$15,075,000
7%
$14,000,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,225,000
Current use
OFFICE BUILDING
$19,635,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$14.58M
Range $13.12M – $16.04M · ±10%
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
$474 / 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
$289,206
Tax year 2024
Assessed value
$2,730,420
Assessed 2024
Previous assessed
$2,728,350
+0.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$272,700
Assessed improvement
$2,457,720
Land market value
$606,000
Improvement market value
$5,983,000
Total market value
$6,589,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1924
Heating
NONE
Buildings
1
Stories
5
Units
3
Total area
30,740 SF
Lot
0.14 ac (6,055 SF)
Zoning code
R7A
APN
01944-0043
UPID
US63-3684995
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NY
Zoning R7A · permitted uses
R7A · 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
COMMERCIAL (GENERAL) Current
Est. value
$24.2M
OFFICE BUILDING
Est. value
$19.6M
COMMERCIAL (GENERAL) Current
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
1924
Heating
NONE
Stories
5
Buildings
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Office 118 Equities LLC
Entity
Free & Clear · 13 yrs held
Mailing address
316 W 118TH ST, NEW YORK, NY 10026-1003
Ownership since
2012
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
Jun 12, 2023
—
Office 118 Equities LLC
—
Deed
related
$311,165 · Provident Bank
Aug 27, 2012
$4,500,000
Office 118 Equities LLC
Crosstown Parking INC
Grant Deed
—
May 30, 2006
—
Crosstown Parking INC
—
Deed Of Trust
related
$3,700,000 · M&t Real Estate Trust
—
—
Crosstown Parking INC
—
Deed Of Trust
related
$3,700,000 · M & T Real Estate INC
—
—
Crosstown Parking INC
—
Deed Of Trust
related
$521,670 · M & T Real Estate Trust
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
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