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Property profile & analytics
OFF-MARKET
Estimated value
$19,415,000
Retail residential properties
40-42 34th St New York, NY 10001
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2014622
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Total area
18,760 SF
Lot
0.11 ac (4,937 SF)
Zoning code
C5-3
APN
00835-0065
UPID
US63-2014622
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
$19.42M
Owner & transaction history
40 West 34th St. Owner LLC · 4 yrs held
40 West 34th St. Owner LLC
since 2021
7 recorded transactions
Zoning & alternative use
C5-3 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$27.0M
+75.2%
Retail stores
$24.7M
+59.9%
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
COMMERCIAL (GENERAL)
$15,435,000
Current use
INDUSTRIAL (GENERAL)
$27,035,000
Change: +75% · Conversion: Moderate
RETAIL STORES
$24,670,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$15,330,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$19.42M
Range $17.47M – $21.36M · ±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
$1,035 / 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
$1,418,709
Tax year 2024
Assessed value
$13,394,160
Assessed 2024
Previous assessed
$11,901,590
+12.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,647,000
Assessed improvement
$11,747,160
Land market value
$3,660,000
Improvement market value
$31,993,000
Total market value
$35,653,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
4
Units
2
Total area
18,760 SF
Lot
0.11 ac (4,937 SF)
Zoning code
C5-3
APN
00835-0065
UPID
US63-2014622
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$15.4M
INDUSTRIAL (GENERAL)
Est. value
$27.0M
RETAIL STORES
Est. value
$24.7M
WAREHOUSE, STORAGE
Est. value
$15.3M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
4
Buildings
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
40 West 34th St. Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
500 5TH AVE FL #54, NEW YORK, NY 10110-5500
Ownership since
2021
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 27, 2021
—
40 West 34th St. Owner LLC
40 W. 34th St. LLC
Correction Deed
related
—
Mar 23, 2020
—
40 West 34th St Owner LLC
—
Deed
related
$21,250,000 · Provident Bk
May 24, 2005
—
40 West 34th St Owner LLC
40 W 34th St LLC
Intrafamily Transfer
related
$6,187,948 · Deutsche Bank Mortgage Capital LLC
May 17, 2004
—
40 W 34th St LLC
Anyname LLC
Grant Deed
related
—
—
—
40 West 34th St Owner LLC
—
Loan Modification
related
$21,250,000 · Provident Bk
—
—
40 West 34th St Owner LLC
—
Loan Modification, Consolidation And Extension
related
$21,250,000 · Apple Bk
—
—
40 West 34th St LLC
—
Deed Of Trust
related
$8,000,000 · Independence 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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