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Property profile & analytics
OFF-MARKET
Estimated value
$13,930,000
Parking lots & garages
40 9th St Lbby 1, New York, NY 10003-6421
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3068231
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1959
Total area
19,500 SF
Lot
0.86 ac (37,600 SF)
Zoning code
C1-7
APN
00560-1101
UPID
US63-3068231
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
Current use
Occupant on record · Public records
-
Rasmali Wellness (Bike/Boat/Book/etc) Store Cosmetic Store
-
Zipcar Car Rental Facility
-
Juell inc Design Interior Design and Staging Residential and Commercial Interior Design Home Decor Store
-
Gladskin Company Registry
-
Icon Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.06M
Blend (final)
Blend
$13.93M
Owner & transaction history
East 9th Park LLC · 4 yrs held
East 9th Park LLC
since 2021
Last sale
$16.2M
5 recorded transactions
Zoning & alternative use
C1-7 · 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
Method
Estimation
Statistic approach
$16,285,000
ML approach
$9,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.93M
Range $12.54M – $15.32M · ±10% · vs last sale $16.20M (Oct 28 2021)
Last sale anchor
$16.20M
Oct 28 2021
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
$714 / 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
$173,289
Tax year 2024
Assessed value
$1,636,040
Assessed 2024
Previous assessed
$1,657,800
-1.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$360,000
Assessed improvement
$1,276,040
Land market value
$800,000
Improvement market value
$3,079,000
Total market value
$3,879,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1959
Heating
NONE
Buildings
1
Stories
13
Units
1
Total area
19,500 SF
Lot
0.86 ac (37,600 SF)
Zoning code
C1-7
APN
00560-1101
UPID
US63-3068231
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1-7 · New York, NY
Zoning C1-7 · permitted uses
C1-7 · 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
1959
Heating
NONE
Stories
13
Buildings
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
East 9th Park LLC
Entity
Mailing address
280 PARK AVE S APT 2L, NEW YORK, NY 10010-6127
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$16,200,000
East 9th Park LLC
9th Street Pooh, LLC
Deed
—
Sep 14, 2006
—
161st & Broadway LLC
—
Deed Of Trust
related
$133,000,000 · Bank Of New York
Sep 14, 2006
$22,677,892
9th Street Pooh LLC
30-40-60 East 9th Street Parki
Grant Deed
related
—
Aug 4, 2006
—
9th Street Pooh LLC
—
Deed Of Trust
related
$18,000,000 · State Farm Realty Mortgage LLC
—
—
9th Street Pooh LLC
—
Loan Modification
related
$16,821,595 · State Farm Rlty Mtg
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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