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Property profile & analytics
OFF-MARKET
Estimated value
$14,320,000
Apartment buildings
347 55th St 355 New York, NY 10019-4554
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1648727
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1911
Total area
53,952 SF
Lot
0.23 ac (10,042 SF)
Zoning code
R8
APN
01046-0009
UPID
US63-1648727
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
-
Montessori School of New York International High School Daycare Center
-
Janoff Olshan Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.32M
Owner & transaction history
347 West 55th Street LLC · 8 yrs held
347 West 55th Street LLC
since 2017
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$265 / 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
$542,787
Tax year 2024
Assessed value
$4,545,000
Assessed 2024
Previous assessed
$4,050,450
+12.2% YoY
Effective rate
11.94%
On assessed value
Assessed land
$783,000
Assessed improvement
$3,762,000
Land market value
$1,740,000
Improvement market value
$7,908,000
Total market value
$9,648,000
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
1911
Heating
NONE
Buildings
1
Stories
8
Units
96
Total area
53,952 SF
Lot
0.23 ac (10,042 SF)
Zoning code
R8
APN
01046-0009
UPID
US63-1648727
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
Building & site characteristics
From public records
Year built
1911
Heating
NONE
Stories
8
Buildings
1
Units
96
Lot
0.23 ac
Current owner
From public records · entity-resolved
347 West 55th Street LLC
Entity
Mailing address
600 MADISON AVE, NEW YORK, NY 10022-1615
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
347 West 55th Street LLC
347 West 55th Street LLC
Quit Claim Deed
related
$15,600,000 · Jp Morgan Chase Bk
—
—
355 Co LLC
—
Deed Of Trust
related
$281,780 · Apple Bank For Savings
—
—
355 Co LLC
—
Loan Modification, Consolidation And Extension
related
$1,275,000 · Apple Bank For Savings
—
—
355 Company LLC
—
Deed Of Trust
related
$107,671 · Apple Bank For Savings
—
—
347 West 55th Street LLC
—
Deed Of Trust
related
$14,445,548 · Jp Morgan Chase 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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