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Property profile & analytics
OFF-MARKET
Estimated value
$17,080,000
Retail residential properties
3775 10th Ave, New York, NY 10034-1837
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-1706844
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1923
Total area
40,000 SF
Lot
0.46 ac (19,900 SF)
Zoning code
M14R9A
APN
02199-0001
UPID
US63-1706844
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
-
Tenth Avenue | Grow Hospitality Restaurant
-
Cinco Ocho Wine Room Bar & Pub
-
The Gallery Gastrobar Nightclub DJ & Entertainment
-
Gigio Raful Bespoke (Bike/Boat/Book/etc) Store
-
Bitcoin Steak House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.08M
Owner & transaction history
Sherman Creek Realty Corp · 14 yrs held
Sherman Creek Realty Corp
since 2011
2 recorded transactions
Zoning & alternative use
M14R9A · 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%
$21,250,000
6.5%
$19,615,000
7%
$18,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,550,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$17.08M
Range $15.37M – $18.79M · ±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
$427 / 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
$297,813
Tax year 2024
Assessed value
$2,811,680
Assessed 2024
Previous assessed
$3,104,100
-9.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$213,750
Assessed improvement
$2,597,930
Land market value
$475,000
Improvement market value
$6,086,000
Total market value
$6,561,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1923
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
40,000 SF
Lot
0.46 ac (19,900 SF)
Zoning code
M14R9A
APN
02199-0001
UPID
US63-1706844
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R9A · New York, NY
Zoning M14R9A · permitted uses
M14R9A · 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
OFFICE BUILDING
Est. value
$25.6M
OFFICE BUILDING
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
1923
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sherman Creek Realty Corp
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 126, BRONX, NY 10471-0126
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2011
—
Sherman Creek Realty Corp
Pdp Realty Corp
Grant Deed
—
Jun 24, 2011
$2,250,000
Pdp Realty Corp
Clemente,elia T
Grant Deed
—
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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