Entity Owned Property summary
AI-generated overview
This exceptional 5,100-square-foot turnkey restaurant and bar is ideally situated in the vibrant Meatpacking District of New York City, at 415 W 13th St, zip code 10014. Located within New York County's West Village submarket cluster, this single-tenant property boasts a high-end buildout, complete with two fully-stocked bars and a striking 15-foot exposed ceiling. The space is fully vented, ensuring efficient and compliant operation. A valuable liquor license is included in the sale, eliminating a significant hurdle for prospective owners. The property benefits from exceptionally high foot traffic, a testament to its prime location within this sought-after neighborhood. Further enhancing its appeal, the restaurant includes outdoor seating, providing additional capacity and ambiance. This is a rare opportunity to acquire a fully operational, high-performing establishment in one of Manhattan's most dynamic and desirable areas. The monthly rent is $85,000. This turnkey operation is ready for immediate occupancy and offers significant potential for continued success.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Total area
11,262 SF
Zoning code
M1-5
APN
00646-1002
UPID
US63-4274145
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
-
Art Gallery
-
Corporate Office
-
Association Or Organization
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.54M
Owner & transaction history
since 2009
3 recorded transactions
Zoning & alternative use
M1-5 · 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 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.54M
Value range
$1.39M – $1.69M
±10% around blend
Estimated value / SF
$137 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$1.39M
blend $1.54M
$1.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,262 SF
Year built
1900
Stories
8
APN
00646-1002
Zoning
M1-5
Assessed value
$3,073,211
Annual tax
$325,515
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
$4.68M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.8 mi away · 10,000 SF
4.1 mi away · 10,900 SF
4.4 mi away · 8,225 SF
5.3 mi away · 8,920 SF
6.4 mi away · 10,920 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 496 sales
$2,068
-93%
County 496 sales
$2,068
-93%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $137/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
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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 · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.07M
Move the market yield to see immediate price impact.
Value / SF
$273
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
5.00%7.00%9.00%
$194k
$3.87M
$2.77M
$2.15M
$215k
$4.30M
$3.07M
$2.39M
$237k
$4.73M
$3.38M
$2.63M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$6.00M
1.2 mi · Dec 2025 · $589/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$325,515
Tax year 2024
Assessed value
$3,073,211
Assessed 2024
Previous assessed
$3,136,799
-2.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$174,656
Assessed improvement
$2,898,555
Land market value
$388,125
Improvement market value
$7,212,000
Total market value
$7,600,125
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
11,262 SF
Zoning code
M1-5
APN
00646-1002
UPID
US63-4274145
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · New York, NYZoning M1-5 · permitted uses
M1-5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
8
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
M1-5
Jurisdiction
New York, NY
Recorded code
M1-5
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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