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Property profile & analytics
OFF-MARKET
Estimated value
$23,985,000
Retail residential properties
3381 Broadway 3387 New York, NY 10031-7416
Entity Owned
~
Est. High Equity
Property ID
US63-2664290
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1907
Total area
57,415 SF
Lot
0.29 ac (12,490 SF)
Zoning code
R8
APN
02086-0029
UPID
US63-2664290
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
-
I&F Chimney cleaning Services General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.99M
Owner & transaction history
Blazing Star Parent LLC
Blazing Star Parent LLC
since 2025
7 recorded transactions
Zoning & alternative use
R8 · 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%
$30,500,000
6.5%
$28,155,000
7%
$26,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$36,675,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$23.99M
Range $21.59M – $26.38M · ±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
$418 / 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
$488,198
Tax year 2024
Assessed value
$3,904,960
Assessed 2024
Previous assessed
$3,690,310
+5.8% YoY
Effective rate
12.50%
On assessed value
Assessed land
$421,650
Assessed improvement
$3,483,310
Land market value
$937,000
Improvement market value
$8,916,000
Total market value
$9,853,000
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
1907
Heating
NONE
Buildings
1
Stories
6
Units
44
Total area
57,415 SF
Lot
0.29 ac (12,490 SF)
Zoning code
R8
APN
02086-0029
UPID
US63-2664290
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · New York, NY
Zoning 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
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$36.7M
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
1907
Heating
NONE
Stories
6
Buildings
1
Units
44
Lot
0.29 ac
Current owner
From public records · entity-resolved
Blazing Star Parent LLC
Entity
Mailing address
199 LEE AVE #162, BROOKLYN, NY 11211-8919
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$25,926,694
Blazing Star Parent LLC
Walgreens Boots Alliance, INC.
Deed
—
Jul 22, 2025
$19,400,000
Wb 137, LLC
West 137th 601 LLC
Deed
—
Apr 17, 2025
—
2024 Haim Ben-dayan 2001 Ny Tr Alla
2004 Haim Ben-dayan 2001 Ny Tr Alla
Deed
—
Jan 13, 2017
—
West 137th 609 LLC
—
Deed
related
$9,200,000 · Investors Bk
Jan 12, 2017
—
West 137th 607 LLC
—
Deed
related
$8,400,000 · Investors Bk
Jan 10, 2017
—
West 137th 601 LLC
—
Deed
related
$3,279,635 · Investors Bank & Trust Co
Mar 4, 2013
$19,600,000
West 137th 601 LLC
Extell 601 West 137th Street L
Grant Deed
—
Mar 4, 2013
—
Extell 601 West 137th St LLC
—
Grant Deed
related
$39,371,905 · New York Community Bank
Apr 12, 2011
—
Extell 601 West 137th St LLC
—
Deed Of Trust
related
$31,000,000 · New York Community Bank
Apr 11, 2011
—
Extell 601 West 137th St LLC
—
Deed Of Trust
related
$31,000,000 · New York Community Bank
Nov 28, 2007
—
Extell 601 West 137th St LLC
—
Deed Of Trust
related
$31,000,000 · New York Community Bank
Mar 27, 2006
$9,607,594
601 West 137th Street L Extell
Cromwell Associates
Grant Deed
$1,773,240 · New York Community Bank
—
—
601 West 137th Street Extell
—
Deed Of Trust
related
$9,261,262 · New York Community Bank
—
—
Extell 601 West 137th St LLC
—
Deed Of Trust
related
$39,750,000 · New York Community Bank
—
—
West 137th 601 LLC
—
Loan Modification, Consolidation And Extension
related
$17,450,000 · Investors Bk
—
—
West 137th 609 LLC
—
Loan Modification, Consolidation And Extension
related
$9,200,000 · Investors Bk
—
—
West 137th 607 LLC
—
Loan Modification, Consolidation And Extension
related
$8,400,000 · Investors Bk
—
—
West 137th 605 LLC
—
Loan Modification, Consolidation And Extension
related
$7,930,000 · Investors Bk
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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