40 Mercer St RET-D New York, NY 10013-3076
Entity Owned
12-yr Hold
~
Est. High Equity
Estimated value (blended)
$17.25M
Range $15.52M – $18.97M (±10%)
Implied cap rate
2.00%
In-place · NOI ÷ last sale
Property ID
US63-3891082
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
2,395 SF
Zoning code
M15R9X
APN
00474-1545
UPID
US63-3891082
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
-
Parking Lot & Garage
-
Media Distribution
-
Marketing & Advertising Advertising Agency
-
Electric Vehicle Charging Station
-
Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.25M
Owner & transaction history
since 2013
Last sale
$17.2M
7 recorded transactions
Zoning & alternative use
M15R9X · 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$17.25M
Value range
$15.52M – $18.97M
±10% around blend
Estimated value / SF
$7,200 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
$15.52M
blend $17.25M
$18.97M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,395 SF
Year built
2005
Stories
13
APN
00474-1545
Assessed value
$2,615,553
Annual tax
$277,039
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
$1.41M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 2,765 SF
4.2 mi away · 2,250 SF
4.2 mi away · 2,500 SF
5.1 mi away · 2,200 SF
5.4 mi away · 2,670 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$17.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$1,302
+453%
Submarket 294 sales
$1,315
+448%
County 295 sales
$1,313
+448%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $7,200/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
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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 · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
2.00%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$1.21M *
Last sale · Nov 2024
$17.25M
* 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$60.36M
Move the market yield to see immediate price impact.
Value / SF
$25,201
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
1.50%2.00%2.50%
$1.09M
$72.43M
$54.32M
$43.46M
$1.21M
$80.48M
$60.36M
$48.29M
$1.33M
$88.52M
$66.39M
$53.11M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$3.76M
0.6 mi · Feb 2026 · $1,218/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$277,039
Tax year 2024
Assessed value
$2,615,553
Assessed 2024
Previous assessed
$2,607,990
+0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$36,251
Assessed improvement
$2,579,302
Land market value
$80,557
Improvement market value
$5,733,517
Total market value
$5,814,074
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
13
Units
1
Total area
2,395 SF
Zoning code
M15R9X
APN
00474-1545
UPID
US63-3891082
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R9X · New York, NYZoning M15R9X · permitted uses
M15R9X · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
13
Buildings
1
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M15R9X
Jurisdiction
New York, NY
Recorded code
M15R9X
Ownership Intelligence
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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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