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Property profile & analytics
OFF-MARKET
Estimated value
$16,710,000
Apartment buildings
38 Sickles St 48 New York, NY 10040-1839
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-3579917
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
63,396 SF
Lot
0.55 ac (23,800 SF)
Zoning code
R7-2
APN
02174-0125
UPID
US63-3579917
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
-
RJ TAX CORP Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.71M
Owner & transaction history
Gvs Properties IV LLC · 13 yrs held
Gvs Properties IV LLC
since 2013
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$264 / 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
$224,361
Tax year 2024
Assessed value
$2,093,270
Assessed 2024
Previous assessed
$1,883,700
+11.1% YoY
Effective rate
10.72%
On assessed value
Assessed land
$321,300
Assessed improvement
$1,771,970
Land market value
$714,000
Improvement market value
$3,274,000
Total market value
$3,988,000
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
1920
Heating
NONE
Buildings
1
Stories
6
Units
75
Total area
63,396 SF
Lot
0.55 ac (23,800 SF)
Zoning code
R7-2
APN
02174-0125
UPID
US63-3579917
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.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
6
Buildings
1
Units
75
Lot
0.55 ac
Current owner
From public records · entity-resolved
Gvs Properties IV LLC
Entity
Mailing address
3110 37TH AVE STE #500, LONG ISLAND CITY, NY 11101-2112
Ownership since
2013
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
Jul 27, 2022
—
Gvs Properties IV, LLC
—
Deed
related
$4,055,985 · Dime Community Bank
Mar 17, 2017
—
Gvs Properties IV LLC
—
Grant Deed
related
$15,622,521 · New York Cmnty Bk
Feb 15, 2013
$7,192,076
Gvs Properties IV LLC
Bpiv-38-48 Sickles Street Owne
Grant Deed
—
Feb 15, 2013
—
Gvs Properties IV LLC
—
Grant Deed
related
$36,750,000 · New York Community Bank
Aug 13, 2009
—
Bpiv-248 Sherman Avenue Owne
—
Grant Deed
related
$6,577,082 · Anglo Irish Bank Corp
Dec 27, 2007
—
Bpiv-248 Sherman Avenue Owne
—
Deed Of Trust
related
$20,326,089 · Anglo Irish Bank Corp Plc
Nov 1, 2007
$9,106,637
Bpiv-38-48 Sickles Street Owne
Milbank Realty LLC
Grant Deed
—
Nov 1, 2007
—
Milbank Realty LLC
Milbank Realty LLC
Quit Claim Deed
related
—
Dec 9, 1997
$1,552,500
Milbank Realty LLC
Hopfl,charles E
Grant Deed
related
—
—
—
Bpiv-248 Sherman Avenue Owne
—
Deed Of Trust
related
$284,662 · Anglo Irish Bank Corp
—
—
Milbank Realty LLC
—
Deed Of Trust
related
$2,536,604 · New York Community 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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