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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Retail residential properties
425-429 3rd Ave, New York, NY 10016
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1313938
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1967
Total area
66,403 SF
Lot
0.19 ac (8,147 SF)
Zoning code
C2-8
APN
00910-0061
UPID
US63-1313938
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
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
200 Realty Owner LLC · 1 yrs held
200 Realty Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
C2-8 · 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
$22 / 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
$1,089,107
Tax year 2024
Assessed value
$8,711,462
Assessed 2024
Previous assessed
$8,688,150
+0.3% YoY
Effective rate
12.50%
On assessed value
Assessed land
$1,363,050
Assessed improvement
$7,348,412
Land market value
$3,029,000
Improvement market value
$16,556,000
Total market value
$19,585,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1967
Heating
NONE
Buildings
1
Stories
9
Units
105
Total area
66,403 SF
Lot
0.19 ac (8,147 SF)
Zoning code
C2-8
APN
00910-0061
UPID
US63-1313938
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C2-8 · New York, NY
Zoning C2-8 · permitted uses
C2-8 · 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
1967
Heating
NONE
Stories
9
Buildings
1
Units
105
Lot
0.19 ac
Current owner
From public records · entity-resolved
200 Realty Owner LLC
Entity
Mailing address
PO BOX 20449, FLORAL PARK, NY 11002-0449
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
200 Realty Owner LLC
200 Realty LLC
Deed
$269,019 · Ladder Capital Finance LLC
Nov 2, 2020
—
200 Realty LLC
—
Deed
related
$35,500,000 · New York Cmnty Bk
Feb 23, 2015
$68,250,000
200 Realty LLC
Benchmark 425 L P
Deed
$2,246,406 · New York Community Bank
Oct 15, 2012
$44,000,000
425 Third Gp L P
425 Third Avenue Realty Co
Deed
$24,255,734 · Acrc Lender LLC
Oct 15, 2012
—
Benchmark 425 LP
—
Grant Deed
related
$30,817,250 · Acrc Lender LLC
Sep 10, 2008
—
425 Third Avenue Realty Co
—
Deed Of Trust
related
$7,000,000 · Sovereign Bank
—
—
425 Third Avenue Realty Co
—
Deed Of Trust
related
$2,812,531 · Sovereign Bank
—
—
200 Realty LLC
—
Loan Modification, Consolidation And Extension
related
$40,000,000 · New York Cmnty Bk
—
—
Benchmark 425 LP
—
Loan Modification
related
$4,493,226 · Acrc Lender One LLC
—
—
Benchmark 425 LP
—
Loan Modification
related
$3,044,523 · Acrc Lender One LLC
—
—
200 Realty LLC
—
Loan Modification
related
$35,500,000 · New York Cmnty Bk
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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