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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Apartment buildings
350 Wadsworth Ave New York, NY 10040-3185
Individually Owned
16-yr Hold
Free & Clear
Property ID
US63-2995531
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Total area
19,658 SF
Lot
0.13 ac (5,850 SF)
Zoning code
R7-2
APN
02170-0281
UPID
US63-2995531
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.45M
Owner & transaction history
Wadsworth Avenue Of Wadsworth Ter · 16 yrs held
Wadsworth Avenue Of Wadsworth Ter
since 2009
7 recorded transactions
Zoning & alternative use
R7-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,250,000
6.5%
$9,460,000
7%
$8,785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,635,000
Current use
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±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
$379 / 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
$71,555
Tax year 2024
Assessed value
$1,564,650
Assessed 2024
Previous assessed
$1,397,250
+12.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$198,000
Assessed improvement
$1,366,650
Land market value
$440,000
Improvement market value
$2,524,000
Total market value
$2,964,000
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
2010
Heating
NONE
Buildings
2
Stories
6
Units
43
Total area
19,658 SF
Lot
0.13 ac (5,850 SF)
Zoning code
R7-2
APN
02170-0281
UPID
US63-2995531
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS) Current
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
2010
Heating
NONE
Stories
6
Buildings
2
Units
43
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wadsworth Avenue Of Wadsworth Ter
Individual
Free & Clear · 16 yrs held
Mailing address
2415 QUEENS PLZ NS, LONG ISLAND CITY, NY 11101-4019
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2017
—
Wadsworth Avenue Of Wadsworth Ter
—
Deed
related
$6,000,000 · Signature Bk
Mar 10, 2011
—
Wadsworth Avenue Of Wadsworth Ter
—
Deed Of Trust
related
$2,000,000 · Signature Bank
Aug 5, 2009
$800,000
Wadsworth Avenue Of Wadsworth Ter
Hallmark Equities Ltd
Grant Deed
—
—
—
Wadsworth Avenue Of Wadsworth Ter
—
Loan Modification
related
$4,646,043 · Signature Bk
—
—
Wadsworth Ave & Wadsworth Terr
—
Deed Of Trust
related
$4,875,000 · Signature Bank
—
—
Wadsworth Avenue Of Wadsworth Ter
—
Deed Of Trust
related
$2,000,000 · Signature Bank
—
—
Wadsworth Avenue Of Wadsworth Ter
—
Loan Modification
related
$6,000,000 · Signature Bk
—
—
Avenue Wadsworth
—
Deed Of Trust
related
$2,000,000 · Signature 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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