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Property profile & analytics
OFF-MARKET
Estimated value
$54,330,000
Hotels
42 58th St 48, New York, NY 10019-2505
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-2524595
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1926
Total area
122,889 SF
Lot
0.23 ac (10,041 SF)
Zoning code
C52.5
APN
01273-0060
UPID
US63-2524595
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
-
a.café Cafe & Coffee Shop
-
AKA Central Park Hotel & Motel Vacation Rental
-
Tao Restaurant
-
TAO Uptown Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$56.50M
Blend (final)
Blend
$54.33M
Owner & transaction history
Metropolitan 58th Street Associates · 20 yrs held
Metropolitan 58th Street Associates
since 2006
7 recorded transactions
Zoning & alternative use
C52.5 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$54.33M
Range $48.90M – $59.76M · ±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
$442 / 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
$1,184,879
Tax year 2024
Assessed value
$11,186,550
Assessed 2024
Previous assessed
$10,780,200
+3.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$3,150,000
Assessed improvement
$8,036,550
Land market value
$7,000,000
Improvement market value
$20,733,000
Total market value
$27,733,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1926
Heating
NONE
Buildings
1
Stories
17
Units
136
Total area
122,889 SF
Lot
0.23 ac (10,041 SF)
Zoning code
C52.5
APN
01273-0060
UPID
US63-2524595
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NY
Zoning C52.5 · permitted uses
C52.5 · 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.
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Stories
17
Buildings
1
Units
136
Lot
0.23 ac
Current owner
From public records · entity-resolved
Metropolitan 58th Street Associates
Entity
Mailing address
42 W 58TH ST, NEW YORK, NY 10019-2505
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2017
—
Metropolitan 58th Street Assoc
—
Deed
related
$68,000,000 · Cibc
Nov 1, 2011
—
Metropolitan 58th St. Assocs Ll
—
Deed Of Trust
related
$61,000,000 · Cibc INC
Feb 5, 2007
—
Metropolitan 58th St. Assocs Ll
—
Deed Of Trust
related
$15,945,000 · Wells Fargo Bank
Feb 2, 2006
$90,000,000
Metropolitan 58th Street Associates
The 58th Street LLC
Deed
$43,054,000 · Wells Fargo Bank NA
Feb 16, 2005
$26,000,000
The 58th Street LLC
Yassky Wyndham Part
Grant Deed
—
—
—
Metropolitan 58th St. Assocs Ll
—
Deed Of Trust
related
$27,108,460 · Wells Fargo Bank
—
—
Zurich Holding Co LLC
—
Deed Of Trust
related
$250,000 · Dime Savings Bank New York
—
—
Metropolitan 58th Street Assoc
—
Loan Modification, Consolidation And Extension
related
$68,000,000 · Cibc
—
—
Metropolitan 58th St. Assocs Ll
—
Deed Of Trust
related
$11,944,445 · Wells Fargo Bank
—
—
Metropolitan 58th St. Assocs Ll
—
Deed Of Trust
related
$45,000,000 · Wells Fargo Bank
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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