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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Office buildings
40-42 Exchange Pl, New York, NY 10005
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3526394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1902
Total area
239,071 SF
Lot
0.34 ac (14,970 SF)
Zoning code
C5-5
APN
00025-0027
UPID
US63-3526394
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
$1.82M
Owner & transaction history
40 X Owner LLC · 10 yrs held
40 X Owner LLC
since 2015
7 recorded transactions
Zoning & alternative use
C5-5 · 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
$8 / 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
$2,158,431
Tax year 2024
Assessed value
$20,377,934
Assessed 2024
Previous assessed
$19,079,909
+6.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,902,500
Assessed improvement
$17,475,434
Land market value
$6,450,000
Improvement market value
$47,772,000
Total market value
$54,222,000
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
1902
Heating
NONE
Buildings
1
Stories
20
Units
86
Total area
239,071 SF
Lot
0.34 ac (14,970 SF)
Zoning code
C5-5
APN
00025-0027
UPID
US63-3526394
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
1902
Heating
NONE
Stories
20
Buildings
1
Units
86
Lot
0.34 ac
Current owner
From public records · entity-resolved
40 X Owner LLC
Entity
Mailing address
125 PARK AVE, NEW YORK, NY 10017-5529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
40 X Owner LLC
—
Deed
related
$36,081,402 · Dl Rcf I Loan Holdings (evergreen), LLC
Feb 5, 2026
—
40 X Owner LLC
—
Deed
related
$13,254,407 · Dl Rcf I Loan Holdings, LLC
Dec 17, 2018
—
40 X Owner LLC
—
Grant Deed
related
$9,000,000 · Capital One Nat'l Assn
Oct 19, 2018
—
Lmrk Propco 3 LLC
—
Deed
related
$870,000 · Wilmington Tr
May 14, 2018
—
40 X Owner LLC
—
Loan Modification
related
$91,000,000 · Capital One NA
Nov 30, 2015
$115,000,000
40 X Owner LLC
40 Exchange Place Corp
Grant Deed
$32,500,000 · Natixis R/e Cap
Mar 25, 2011
—
40 Exchange Place Corp
—
Deed Of Trust
related
$16,647,313 · Signature Bank
May 12, 2009
—
40 Exchange Place Corp
—
Deed Of Trust
related
$17,000,000 · Signature Bank
—
—
40 Exchange Place Corp
—
Deed Of Trust
related
$10,000,000 · Signature Bk
—
—
Ld Acquisition Co 11 LLC
—
Loan Modification
related
$659,783 · Suntrust Bk
—
—
40 X Owner LLC
—
Loan Modification, Consolidation And Extension
related
$65,000,000 · Natixis R/e Cap
—
—
40 Exchange Place Corp
—
Deed Of Trust
related
$6,385,594 · Signature Bank
—
—
40 Exchange Place Corp
—
Loan Modification
related
$22,500,000 · Signature Bank
—
—
40 Exchange Place Corp
—
Deed Of Trust
related
$1,500,000 · Independence Community Bank
—
—
Lmrk Propco 3 LLC
—
Deed Of Trust
related
$870,000 · Wilmington Tr
—
—
40 Exchange Place Corp
—
Deed Of Trust
related
$11,510,846 · Signature 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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