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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
331 Houston St, New York, NY 10002-1195
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1108312
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
57,128 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R8A
APN
00345-0017
UPID
US63-1108312
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
-
Rose Media Advertising Agency Marketing & Advertising
-
Jones L.E.S. Apartment Building
-
Flora Park Jewelry (FPJ) Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
331 Houston LLC · 8 yrs held
331 Houston LLC
since 2017
7 recorded transactions
Zoning & alternative use
R8A · 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
$13 / 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
$71,132
Tax year 2024
Assessed value
$6,704,160
Assessed 2024
Previous assessed
$5,997,150
+11.8% YoY
Effective rate
1.06%
On assessed value
Assessed land
$568,800
Assessed improvement
$6,135,360
Land market value
$1,264,000
Improvement market value
$16,238,000
Total market value
$17,502,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
1
Stories
13
Units
78
Total area
57,128 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R8A
APN
00345-0017
UPID
US63-1108312
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.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
13
Buildings
1
Units
78
Lot
0.18 ac
Current owner
From public records · entity-resolved
331 Houston LLC
Entity
Mailing address
331 E HOUSTON ST, NEW YORK, NY 10002-1195
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2017
$61,500,000
331 Houston LLC
East Houston Dev LLC
Grant Deed
—
Jul 21, 2017
—
331 Houston LLC
—
Loan Modification, Consolidation And Extension
related
$41,700,000 · Citi R/e Fndg INC
Oct 16, 2014
—
East Houston Dev LLC
—
Loan Modification, Consolidation And Extension
related
$3,348,905 · Santander Bk NA
May 14, 2013
—
East Houston Dev LLC
—
Deed Of Trust
related
$8,000,000 · Sovereign Bank
Jul 13, 2012
$4,000,000
East Houston Dev LLC
Albano,michael
Grant Deed
—
Nov 24, 2008
—
Michael Albano
Houston Acquisition LLC
Grant Deed
—
Jun 12, 2007
—
Houston Acquisition LLC
—
Trustees Deed
related
$150,000 · Titan Cap Id LLC
Jul 1, 2006
—
Houston Acquisition LLC
Albano,michael & Theresa
Grant Deed
related
—
—
—
Houston Acquisition LLC
—
Deed Of Trust
related
$2,000,000 · W Financial Mtg Fund I LLC
—
—
Houston Acquisitions LLC
—
Deed Of Trust
related
$260,000 · K Michael Ghalili
—
—
East Houston Dev LLC
—
Deed Of Trust
related
$15,451,095 · Sovereign Bank
—
—
East Houston Dev LLC
—
Deed Of Trust
related
$2,748,905 · Sovereign Bank
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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