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Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Office buildings
400 Park Ave New York, NY 10022-4406
Individually Owned
~
Est. High Equity
Property ID
US63-1886424
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1957
Total area
214,392 SF
Lot
0.29 ac (12,552 SF)
Zoning code
C5-3
APN
01290-0036
UPID
US63-1886424
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
$4.31M
Blend (final)
Blend
$3.09M
Owner & transaction history
A Manger Limited Pret
A Manger Limited Pret
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C5-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±10% · vs last sale $2.48M (Dec 23 2025)
Last sale anchor
$2.48M
Dec 23 2025
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
$14 / 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
$5,726,830
Tax year 2024
Assessed value
$54,067,501
Assessed 2024
Previous assessed
$54,651,923
-1.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$8,505,000
Assessed improvement
$45,562,501
Land market value
$18,900,000
Improvement market value
$109,957,000
Total market value
$128,857,000
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
1957
Heating
NONE
Buildings
1
Stories
21
Units
20
Total area
214,392 SF
Lot
0.29 ac (12,552 SF)
Zoning code
C5-3
APN
01290-0036
UPID
US63-1886424
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.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
21
Buildings
1
Units
20
Lot
0.29 ac
Current owner
From public records · entity-resolved
A Manger Limited Pret
Individual
Mailing address
400 PARK AVE #920, NEW YORK, NY 10022-4406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 23, 2025
$2,481,446
A Manger Limited Pret
Lonestar Limited Dallas
Deed
—
Apr 6, 2023
—
400 Park Ave Co. LLC
Waterman 400 Park Associates, LLC
—
related
—
Nov 8, 2017
—
Waterman 400 Park Assocs LLC
—
Deed
related
$51,000,000 · Bank Of America
May 7, 2013
—
Bwb 400 LLC
Benenson Bruce W Trust
Quit Claim Deed
—
Apr 4, 2001
—
400 Park Ave Co LLC
Benenson Capital Co
Grant Deed
related
—
—
—
Park Avenue 400 Partnership
—
Deed Of Trust
related
$6,000,000 · Landesbank Hessen Thuringen Gi
—
—
Waterman 400 Park Assocs LLC
—
Loan Modification, Consolidation And Extension
related
$51,000,000 · Bank Of America
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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