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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Parking lots & garages
350 42nd Stgarge, New York, NY 10036-6945
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3939523
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2004
Total area
37,525 SF
Zoning code
C6-4
APN
01032-1001
UPID
US63-3939523
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
-
Shine Global Association / Organization
-
iPark Parking Lot & Garage
-
Hacktive Defense IT Consulting Firm Tech Support Center
-
The Space Settlement Institute Charitable Organization Social Service Agency
-
Betty Kass Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
350 West 42nd Street Garage LLC · 2 yrs held
350 West 42nd Street Garage LLC
since 2024
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
C6-4 · 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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Feb 7 2024)
Last sale anchor
$12.00M
Feb 7 2024
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
$320 / 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
$293,124
Tax year 2024
Assessed value
$2,767,406
Assessed 2024
Previous assessed
$2,731,050
+1.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$79,872
Assessed improvement
$2,687,534
Land market value
$177,493
Improvement market value
$6,213,000
Total market value
$6,390,493
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
1
Stories
60
Units
1
Total area
37,525 SF
Zoning code
C6-4
APN
01032-1001
UPID
US63-3939523
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · 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
2004
Heating
NONE
Stories
60
Buildings
1
Units
1
Current owner
From public records · entity-resolved
350 West 42nd Street Garage LLC
Entity
Mailing address
107 W 13TH ST, NEW YORK, NY 10011-7801
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
$12,000,000
350 West 42nd Street Garage LLC
350 W 42nd St Retail LLC
Deed
—
Oct 12, 2018
—
Trevi 189 Eighth Ave LLC
—
Loan Modification
related
$58,000,000 · Miscellaneous Ins Co
Jan 16, 2018
$25,100,000
350 W 42nd St Retail LLC
Arc Nyw42st001 LLC
Deed
$1,135,000 · Manufacturers & Traders Trust Co
Jan 16, 2018
—
350 W 42nd St Retail LLC
—
Loan Modification, Consolidation And Extension
related
$12,500,000 · Manufacturers & Traders Tr
Oct 9, 2015
—
Arc Nyw42st001 LLC
Arc Nyw42st004 LLC
Quit Claim Deed
—
Sep 25, 2012
—
Arc Nyw42st004 LLC
—
Deed Of Trust
related
$11,365,000 · Customers Bank
Apr 16, 2012
$11,850,000
Arc Nyw42st004 LLC
Extell Orion Holdings LLC
Grant Deed
—
Jan 23, 2007
$20,500,000
Extell Orion Holdings LLC
Crp Of Imico 350 West 42nd Street
Grant Deed
—
—
—
Extell Orion Holdings LLC
—
Deed Of Trust
related
$25,000,000 · New York Community Bank
—
—
Arc Nyw42st001 LLC
—
Loan Modification
related
$11,365,000 · Column Fin'l
—
—
Arc Nyw42st001 LLC
—
Deed Of Trust
related
$500,000,000 · Column Fin'l
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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