Entity Owned Property summary
AI-generated overview
A renovated one-bedroom apartment located in Kips Bay within a maintained walk-up building that is pet-friendly. The unit features hardwood floors and high ceilings, with a modern kitchen that includes marble countertops and stainless steel appliances, including a dishwasher. It has an air conditioning unit and an in-unit washer and dryer, and the bathroom is equipped with a bathtub. The apartment is approximately two blocks from the train station, providing access to public transportation, and it is situated near neighborhood amenities including Whole Foods, Trader Joe’s, and Madison Square Park, with surrounding dining and shopping options nearby.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
12,595 SF
Lot
0.07 ac (2,963 SF)
Zoning code
C2-8
APN
00884-0041
UPID
US63-2506885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Specialty Food Shop Wine and Liquor Store
-
Law Firm
-
Animal Training
-
Carpet Cleaning Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
$6.18M
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$8.00M
Owner & transaction history
since 2024
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
C2-8 · New York, NY
Top alternative use upside
Warehouse, storage
$10.3M
+19.0%
Apartment house (5+ units)
$9.7M
+11.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 20 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.00M
Value range
$7.20M – $8.80M
±10% around blend
Estimated value / SF
$635 / SF
Confidence
High
20 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$7.20M
blend $8.00M
$8.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,595 SF
Lot area
0.07 ac
Year built
1900
Stories
5
APN
00884-0041
Zoning
C2-8
Assessed value
$1,370,090
Annual tax
$171,289
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.69M
@ 6.5% CAP return
$6.18M
@ 7% CAP return
$5.74M
4
Sales comparison
Partial preview
Sales approach indication
$15.21M
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.3 mi away · 14,875 SF
1.4 mi away · 8,899 SF
1.4 mi away · 10,000 SF
1.4 mi away · 10,016 SF
1.4 mi away · 15,416 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 46 sales
$687
-8%
Submarket 1320 sales
$725
-12%
County 1319 sales
$722
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $635/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+19%
vs current-use indication
Apartment House (5+ Units)
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$560k *
Last sale · Apr 2024
$8.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.20M
Move the market yield to see immediate price impact.
Value / SF
$889
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$504k
$11.20M
$10.08M
$9.16M
$560k
$12.44M
$11.20M
$10.18M
$616k
$13.69M
$12.32M
$11.20M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$8.69M
0.9 mi · Dec 2025 · $768/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$171,289
Tax year 2024
Assessed value
$1,370,090
Assessed 2024
Previous assessed
$1,367,370
+0.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$180,000
Assessed improvement
$1,190,090
Land market value
$400,000
Improvement market value
$3,012,000
Total market value
$3,412,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
17
Total area
12,595 SF
Lot
0.07 ac (2,963 SF)
Zoning code
C2-8
APN
00884-0041
UPID
US63-2506885
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C2-8 · New York, NYZoning C2-8 · permitted uses
C2-8 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
17
Lot
0.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2-8
Jurisdiction
New York, NY
Recorded code
C2-8
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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