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Property profile & analytics
OFF-MARKET
Parking lots & garages
421 54th Stp2, New York, NY 10019-4412
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3271860
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Total area
264 SF
Zoning code
C6-2
APN
01064-1131
UPID
US63-3271860
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
-
The American Musical and Dramatic Academy Admin Office Corporate Office
-
KC Mayer Consulting, Inc Consultant
-
Hit Factory Condominium Condominium Complex
-
Nash Joseph V CPA Accounting Firm Tax Preparation
-
Smith Ira Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hillsyde Properties Ltd · 7 yrs held
Hillsyde Properties Ltd
since 2018
6 recorded transactions
Zoning & alternative use
C6-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,638
Tax year 2024
Assessed value
$15,460
Assessed 2024
Previous assessed
$14,940
+3.5% YoY
Effective rate
10.60%
On assessed value
Assessed land
$5,489
Assessed improvement
$9,971
Land market value
$12,198
Improvement market value
$22,800
Total market value
$34,998
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
264 SF
Zoning code
C6-2
APN
01064-1131
UPID
US63-3271860
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-2 · New York, NY
Zoning C6-2 · permitted uses
C6-2 · 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
Heating
NONE
Stories
6
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Hillsyde Properties Ltd
Entity
Mailing address
421 W 54TH STP2, NEW YORK, NY 10019-4412
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2018
$6,100,000
Hillsyde Properties Ltd
421 West 54 Phc LLC
Grant Deed
—
Jan 27, 2016
—
421 West 54 Phc LLC
Boneta,erik & Eva
Quit Claim Deed
related
$3,250,000 · Metropolitan Com'l Bk
Sep 16, 2015
$6,200,000
Erik Boneta
Zanetti,richard J
Grant Deed
—
Dec 31, 2008
$4,403,931
Richard J Zanetti
Hf Sponsor Corp
Grant Deed
related
$1,000,000 · Bank Of America
May 1, 2008
—
Hf Sponsor Corp
—
Deed Of Trust
related
$10,492,031 · Bank Of Scotland
Mar 22, 2007
$40,617,111
Hf Sponsor Corp
Sagamore 54th St Invs LLC
Grant Deed
related
$17,182,862 · Bank Of Scotland
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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