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Property profile & analytics
OFF-MARKET
Estimated value
$60,420,000
Office buildings
410-412 13th St New York, NY 10014
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-3762267
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
66,893 SF
Lot
0.3 ac (13,159 SF)
Zoning code
M1-5
APN
00645-0035
UPID
US63-3762267
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
$65.30M
Blend (final)
Blend
$60.42M
Owner & transaction history
Epic W12 LLC · 15 yrs held
Epic W12 LLC
since 2011
Last sale
$71.0M
7 recorded transactions
Zoning & alternative use
M1-5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$89.0M
+108.4%
Apartment house (5+ units)
$83.8M
+96.1%
Warehouse, storage
$54.7M
+27.9%
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
OFFICE BUILDING
$42,730,000
Current use
COMMERCIAL (GENERAL)
$89,045,000
Change: +108% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$83,770,000
Change: +96% · Conversion: Easy
WAREHOUSE, STORAGE
$54,665,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$60.42M
Range $54.38M – $66.46M · ±10% · vs last sale $71.00M (Jan 8 2026)
Last sale anchor
$71.00M
Jan 8 2026
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
$903 / 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
$1,840,450
Tax year 2024
Assessed value
$17,866,890
Assessed 2024
Previous assessed
$17,255,700
+3.5% YoY
Effective rate
10.30%
On assessed value
Assessed land
$2,148,750
Assessed improvement
$15,718,140
Land market value
$4,775,000
Improvement market value
$33,838,000
Total market value
$38,613,000
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
2008
Heating
NONE
Buildings
2
Stories
5
Units
3
Total area
66,893 SF
Lot
0.3 ac (13,159 SF)
Zoning code
M1-5
APN
00645-0035
UPID
US63-3762267
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · New York, NY
Zoning M1-5 · permitted uses
M1-5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$42.7M
COMMERCIAL (GENERAL)
Est. value
$89.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$83.8M
WAREHOUSE, STORAGE
Est. value
$54.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2008
Heating
NONE
Stories
5
Buildings
2
Units
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Epic W12 LLC
Entity
Mailing address
15 WATTS ST FL #5, NEW YORK, NY 10013-1677
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2011
$69,000,000
Epic W12 LLC
15 Little West 12 Owner LLC
Grant Deed
—
Jun 22, 2011
—
Epic W12 LLC
—
Deed Of Trust
related
$32,000,000 · Manufacturers Traders & Trust
Jan 4, 2011
$668,868,681
15 Little West 12 Owner LLC
Gerard B Lambert Foundation
Grant Deed
—
Jan 4, 2011
—
15 Little West 12 Owner LLC
410-13 West LLC
Deed Of Trust
related
$7,975,274 · Manufacturers Traders & Trust
Jun 4, 2010
—
410-13 West LLC
—
Deed Of Trust
related
$20,803,000 · Manufacturers Traders & Trust
Aug 14, 2007
—
410-13 West LLC
—
Deed Of Trust
related
$13,303,000 · Manufacturers Traders & Trust
Aug 3, 2006
—
410-13 West LLC
—
Deed Of Trust
related
$7,500,000 · Manufacturers Traders & Trust
—
—
Epic W12 LLC
—
Loan Modification, Consolidation And Extension
related
$55,000,000 · Td Bk NA
—
—
Epic W12 LLC
—
Deed Of Trust
related
$23,000,000 · Td Bk NA
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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