New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,265,000
Residential income homes
35 32nd St, New York, NY 10016-5504
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-6174799
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Total area
28,119 SF
Lot
0.06 ac (2,469 SF)
Zoning code
C5-2
APN
00862-0028
UPID
US63-6174799
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
-
HDD Cafe & Coffee Shop
-
Korean Books & K-Pop Music (Bike/Boat/Book/etc) Store
-
맨하탄 한국택배 (CJ 대한통운 공인딜러) Courier Service Postal Service
-
Enail Nail Salon
-
Kosette Beauty Market Cosmetic 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
$9.27M
Owner & transaction history
35 East 32 Realty LLC · 20 yrs held
35 East 32 Realty LLC
since 2005
6 recorded transactions
Zoning & alternative use
C5-2 · 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
$329 / 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
$375,325
Tax year 2024
Assessed value
$3,543,480
Assessed 2024
Previous assessed
$3,457,350
+2.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,332,000
Assessed improvement
$2,211,480
Land market value
$2,960,000
Improvement market value
$5,413,000
Total market value
$8,373,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
16
Units
2
Total area
28,119 SF
Lot
0.06 ac (2,469 SF)
Zoning code
C5-2
APN
00862-0028
UPID
US63-6174799
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-2 · New York, NY
Zoning C5-2 · permitted uses
C5-2 · 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
1900
Heating
NONE
Stories
16
Buildings
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
35 East 32 Realty LLC
Entity
Mailing address
38 E 32ND ST RM #603, NEW YORK, NY 10016-5566
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
35 East 32 Realty LLC
—
Deed
related
$30,131 · Axos Bank Tm
Feb 8, 2012
—
35 East 32 Rlty LLC
—
Grant Deed
related
$12,200,000 · Td Bank NA
Dec 6, 2005
$6,650,000
35 East 32 Realty LLC
35 East 32 Corp
Deed
$4,322,500 · Commerce Bank NA
—
—
35 East 32 Realty LLC
—
Deed Of Trust
related
$339,073 · Bankunited Fsb
—
—
35 East 32 Realty LLC
—
Loan Modification, Consolidation And Extension
related
$11,500,000 · Bankunited Fsb
—
—
35 East 32 Realty LLC
—
Deed Of Trust
related
$11,700,000 · Td Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 35 32nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
