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Property profile & analytics
FOR LEASE
Office buildings
413 14Th St New York, NY 10014
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-3413451
For Lease
1 / 19
$15,670,000
413 14Th St, New York, NY 10014
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1929
Total area
38,468 SF
Lot
0.2 ac (8,603 SF)
Zoning code
M1-5
APN
00712-0021
UPID
US63-3413451
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
-
S L Associates One LLC Association Or Organization
-
Placemakr Art Gallery
-
Ray Hill Incorporated Business Management Consultant Accounting Firm
-
FINA DIGITAL LTD. Marketing & Advertising
-
BetterWorld Technology Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.67M
Owner & transaction history
412w15 Lessee LP · 9 yrs held
412w15 Lessee LP
since 2017
7 recorded transactions
Zoning & alternative use
M1-5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,415,000
6.5%
$19,765,000
7%
$18,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$24,570,000
Current use
Blend value · Realmo final
$15.67M
Range $14.10M – $17.24M · ±10%
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
$407 / 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
$1,202,753
Tax year 2024
Assessed value
$11,362,360
Assessed 2024
Previous assessed
$11,698,708
-2.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,687,500
Assessed improvement
$9,674,860
Land market value
$3,750,000
Improvement market value
$21,484,000
Total market value
$25,234,000
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
For Lease
Year built
1929
Heating
NONE
Buildings
1
Stories
4
Units
2
Total area
38,468 SF
Lot
0.2 ac (8,603 SF)
Zoning code
M1-5
APN
00712-0021
UPID
US63-3413451
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
$24.6M
OFFICE BUILDING Current
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
1929
Heating
NONE
Stories
4
Buildings
1
Units
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
412w15 Lessee LP
Entity
Mailing address
413 W 14TH ST, NEW YORK, NY 10014-1023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2017
—
412w15 Lessee LP
—
Grant Deed
related
$63,739,653 · Bank Of The Ozarks
Nov 23, 2016
—
Meilman Family Real Estate LLC
—
Deed
related
$50,000,000 · Miscellaneous Ins Co
Jul 26, 2011
—
Meilman Family Re LLC
—
Deed Of Trust
related
$7,695,760 · Manufacturers Traders & Trust
Jan 2, 2009
—
413 West 14th Associates
—
Deed Of Trust
related
$10,000,000 · Bank Of America
—
—
Lm Legacy Group LLC
—
Deed Of Trust
related
$15,000,000 · Manufacturers Traders & Trust
—
—
Lm Legacy Group LLC
—
Deed Of Trust
related
$3,250,000 · Manufacturers Traders & Trust
—
—
Meilman Family Real Estate LLC
—
Deed Of Trust
related
$18,145,632 · Miscellaneous Ins Co
—
—
Meilman Family Real Estate LLC
—
Loan Modification, Consolidation And Extension
related
$50,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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