Entity Owned Property summary
AI-generated overview
This exceptional 3,541-square-foot retail condominium, ideally situated in New York City's coveted Flatiron District at 40 East 20th Street (zip code 10003), presents a unique investment opportunity. Currently configured as a restaurant, this property boasts a prime location within a vibrant culinary scene, surrounded by renowned establishments such as Gramercy Tavern, Sugarfish, Boucheire, L'Express, Devocion, Barbounia, ABC Kitchen, Cosme, Laut Singapore, Chilewich, and the Shade Store. The property's convenient proximity to the Union Square subway station ensures excellent accessibility for both staff and patrons. This retail condo offers a rare chance to own a thriving business space in one of Manhattan's most desirable neighborhoods. The property is available for sale and offers a strong potential for return on investment. Annual property taxes and common area maintenance charges total $49,562. This is an ideal purchase for an owner/operator seeking a well-established location with high foot traffic and a strong reputation. The property is located in New York County, New York, and its precise coordinates are latitude 40.7384505 and longitude -73.9886176.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1920
Total area
29,904 SF
Lot
0.23 ac (9,905 SF)
Zoning code
C64A
APN
00821-1001
UPID
US63-2175308
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
-
Hardware & Home Improvement Building Supply
-
Charitable Organization Social Service Agency
-
Public Library
-
Marketing & Advertising Advertising Agency
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$4.31M
Owner & transaction history
Zoning & alternative use
C64A · New York, NY
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.31M
Value range
$3.87M – $4.74M
±10% around blend
Estimated value / SF
$144 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
60
$3.87M
blend $4.31M
$4.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
29,904 SF
Lot area
0.23 ac
Year built
1920
Stories
12
APN
00821-1001
Zoning
C64A
Assessed value
$3,351,594
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.29M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 24,193 SF
2.5 mi away · 26,550 SF
2.6 mi away · 27,000 SF
3.8 mi away · 30,200 SF
6.9 mi away · 30,264 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 496 sales
$2,068
-93%
County 496 sales
$2,068
-93%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $144/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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 · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.35M
Move the market yield to see immediate price impact.
Value / SF
$112
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
5.00%7.00%9.00%
$211k
$4.22M
$3.02M
$2.35M
$235k
$4.69M
$3.35M
$2.61M
$258k
$5.16M
$3.69M
$2.87M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$9.03M
1.2 mi · Dec 2025 · $296/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$3,351,594
Assessed 2024
Previous assessed
$3,547,307
-5.5% YoY
Assessed land
$592,368
Assessed improvement
$2,759,226
Land market value
$1,316,373
Improvement market value
$5,645,413
Total market value
$6,961,786
Applied tax rate
4.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
29,904 SF
Lot
0.23 ac (9,905 SF)
Zoning code
C64A
APN
00821-1001
UPID
US63-2175308
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64A · New York, NYZoning C64A · permitted uses
C64A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
12
Buildings
1
Units
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C64A
Jurisdiction
New York, NY
Recorded code
C64A
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 20th St Frnt, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
