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Property profile & analytics
OFF-MARKET
Estimated value
$7,945,000
Apartment buildings
365-367 Canal St New York, NY 10013
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3403557
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1915
Total area
19,800 SF
Lot
0.08 ac (3,420 SF)
Zoning code
M15R9X
APN
00228-0005
UPID
US63-3403557
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
-
NYU dental school University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.89M
CAP Approach
CAP
$9.53M
Comparable Approach
Comparable
$7.78M
Blend (final)
Blend
$7.95M
Owner & transaction history
Three Sixty Five LLC · 5 yrs held
Three Sixty Five LLC
since 2021
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
M15R9X · 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
$7,865,000
ML approach
$7,890,000
CAP Approach
CAP Return
Estimation
6%
$10,325,000
6.5%
$9,530,000
7%
$8,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,715,000
Current use
Blend value · Realmo final
$7.95M
Range $7.15M – $8.74M · ±10% · vs last sale $8.10M (Jul 7 2021)
Last sale anchor
$8.10M
Jul 7 2021
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
$401 / 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
$189,472
Tax year 2024
Assessed value
$1,515,534
Assessed 2024
Previous assessed
$1,411,573
+7.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$83,556
Assessed improvement
$1,431,978
Land market value
$1,026,000
Improvement market value
$17,583,600
Total market value
$18,609,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
5
Units
8
Total area
19,800 SF
Lot
0.08 ac (3,420 SF)
Zoning code
M15R9X
APN
00228-0005
UPID
US63-3403557
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R9X · New York, NY
Zoning M15R9X · permitted uses
M15R9X · 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
$10.7M
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
1915
Heating
NONE
Stories
5
Buildings
1
Units
8
Lot
0.08 ac
Current owner
From public records · entity-resolved
Three Sixty Five LLC
Entity
Mailing address
249 SMITH ST #140, BROOKLYN, NY 11231-4740
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Three Sixty Five LLC
—
Deed
related
$4,837,754 · Andrews Federal Credit Union
Jul 7, 2021
$8,100,000
Three Sixty Five LLC
Djc Canal Realty LLC
Deed
—
Dec 29, 2017
—
Djc Canal Realty LLC
—
Deed
related
$6,900,000 · Bcb Cmnty Bk
Nov 1, 2007
$10,000,000
Djc Canal Realty LLC
365 Canal Corp
Grant Deed
$6,656,887 · Column Financial INC
Jul 4, 2004
—
365 Canal Corp
—
Deed Of Trust
related
$2,300,000 · Valley National Bank
—
—
365 Canal Corp
—
Deed Of Trust
related
$2,300,000 · Valley National Bank
—
—
Djc Canal Realty LLC
—
Loan Modification
related
$6,900,000 · Bcb Cmnty 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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