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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Office buildings
38 63rd St, New York, NY 10065-8027
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2329324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Total area
6,712 SF
Lot
0.04 ac (1,807 SF)
Zoning code
R8B
APN
01377-0045
UPID
US63-2329324
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
-
Harmonize Detox Center NY Alternative Medicine Practice Spa & Massage Center
-
canterbury tile General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.18M
Owner & transaction history
Macandrews And Forbes Incorporated · 3 yrs held
Macandrews And Forbes Incorporated
since 2022
7 recorded transactions
Zoning & alternative use
R8B · 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
$324 / 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
$143,945
Tax year 2024
Assessed value
$1,527,750
Assessed 2024
Previous assessed
$1,605,950
-4.9% YoY
Effective rate
9.42%
On assessed value
Assessed land
$715,500
Assessed improvement
$812,250
Land market value
$1,590,000
Improvement market value
$1,430,000
Total market value
$3,020,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
6,712 SF
Lot
0.04 ac (1,807 SF)
Zoning code
R8B
APN
01377-0045
UPID
US63-2329324
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NY
Zoning R8B · permitted uses
R8B · 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
1920
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Macandrews And Forbes Incorporated
Individual
Mailing address
27 E 62ND ST, NEW YORK, NY 10065-8014
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
38 East LLC
—
Deed
related
$7,400,000 · Royal Bank Of Canada
Nov 2, 2022
—
Macandrews And Forbes Incorporated
38 East Holdings LLC
Deed
—
Dec 19, 2019
—
38 East LLC
—
Deed
related
$5,000,000 · Royal Bk/canada
Jan 16, 2015
—
Thirty Six East LLC|38 East LLC
—
Loan Modification, Consolidation And Extension
related
$52,000,000 · Wells Fargo Bk
Sep 14, 2012
—
38 East LLC
—
Grant Deed
related
$29,250,000 · Bny Mellon NA
Apr 4, 2005
—
38 East LLC
38 East Corporation
Intrafamily Transfer
related
$4,939,011 · The Bank Of New York
—
—
38 East LLC
—
Deed Of Trust
related
$21,939,000 · Bny Mellon NA
—
—
38 East LLC
—
Deed Of Trust
related
$5,000,000 · Royal Bk/canada
—
—
38 East LLC
—
Loan Modification
related
$5,300,000 · Royal Bk/canada
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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