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Property profile & analytics
OFF-MARKET
Estimated value
$746,520,000
Office buildings
380 11th Ave, New York, NY 10001
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2653799
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2015
Total area
1,178,640 SF
Lot
0.92 ac (40,015 SF)
Zoning code
C6-4
APN
00705-0001
UPID
US63-2653799
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$746.52M
Owner & transaction history
One Hudson Yards Owner LLC · 11 yrs held
One Hudson Yards Owner LLC
since 2014
7 recorded transactions
Zoning & alternative use
C6-4 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$969.6M
+28.8%
Warehouse, storage
$963.2M
+27.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$752,870,000
Current use
COMMERCIAL (GENERAL)
$969,620,000
Change: +29% · Conversion: Easy
WAREHOUSE, STORAGE
$963,150,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$637,750,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$746.52M
Range $671.87M – $821.17M · ±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
$633 / 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
Assessed value
$301,753,440
Assessed 2024
Previous assessed
$363,263,400
-16.9% YoY
Assessed land
$12,143,250
Assessed improvement
$289,610,190
Land market value
$26,985,000
Improvement market value
$876,880,000
Total market value
$903,865,000
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
2015
Heating
NONE
Buildings
1
Stories
51
Units
32
Total area
1,178,640 SF
Lot
0.92 ac (40,015 SF)
Zoning code
C6-4
APN
00705-0001
UPID
US63-2653799
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · 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 Current
Est. value
$752.9M
COMMERCIAL (GENERAL)
Est. value
$969.6M
WAREHOUSE, STORAGE
Est. value
$963.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$637.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2015
Heating
NONE
Stories
51
Buildings
1
Units
32
Lot
0.92 ac
Current owner
From public records · entity-resolved
One Hudson Yards Owner LLC
Entity
Mailing address
30 HUDSON YARDS #72, NEW YORK, NY 10001-2170
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Dec 3, 2019
—
One Hudson Yards Owner LLC
—
Grant Deed
related
$1,245,000,000 · Wells Fargo Bk
Dec 11, 2014
—
One Hudson Yards Owner LLC
Strategic Of Extell 34th Street L
Grant Deed
related
$25,000,000 · Housing & Cmnty Dev Dept
Oct 11, 2013
$168,000,000
One Hudson Yards Owner LLC
Strategic Of Extell 34th Street L
Grant Deed
—
Oct 20, 2010
—
Strategic & Extell 34th St LLC
—
Deed Of Trust
related
$30,000,000 · New York Community Bank
Aug 23, 2007
—
Strategic & Extell 34th St LLC
—
Deed Of Trust
related
$60,000,000 · New York Community Bank
—
—
Bank Of America
—
Loan Modification
related
$100,000,000 · One Hudson Yards Owner LLC
—
—
Strategic Of Extell 34th Street L
—
Deed Of Trust
related
$51,088,670 · 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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