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Property profile & analytics
OFF-MARKET
Office buildings
425 Lexington Ave New York, NY 10017-3903
Individually Owned
Free & Clear
Property ID
US63-2159931
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Total area
627,691 SF
Lot
0.81 ac (35,145 SF)
Zoning code
C5-3
APN
01298-0023
UPID
US63-2159931
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
-
Karp Daniel Law Firm
-
Tolley Edward P Law Firm
-
Bender Michael Law Firm
-
Culhane Philip M J Law Firm
-
Holwell Shuster & Goldberg LLP 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
A Manger Limited Pret
A Manger Limited Pret
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C5-3 · 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
$16,860,282
Tax year 2024
Assessed value
$160,855,660
Assessed 2024
Previous assessed
$166,270,320
-3.3% YoY
Effective rate
10.48%
On assessed value
Assessed land
$35,820,000
Assessed improvement
$125,035,660
Land market value
$79,600,000
Improvement market value
$274,132,000
Total market value
$353,732,000
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
Off-Market
Year built
1987
Heating
NONE
Buildings
1
Stories
31
Units
42
Total area
627,691 SF
Lot
0.81 ac (35,145 SF)
Zoning code
C5-3
APN
01298-0023
UPID
US63-2159931
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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
1987
Heating
NONE
Stories
31
Buildings
1
Units
42
Lot
0.81 ac
Current owner
From public records · entity-resolved
A Manger Limited Pret
Individual
Free & Clear · 0 yrs held
Mailing address
425 LEXINGTON AVE, NEW YORK, NY 10017-3903
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$2,481,446
A Manger Limited Pret
Lonestar Limited Dallas
Deed
—
Nov 8, 2018
$701,000,000
Vbgo 425 Lexington LLC
425 Lexington Realty Co LLC
Grant Deed
—
Jul 22, 2013
$664,438,583
425 Lexington Realty Company LLC
Hines 425 Lexington Avenue LLC
Deed
—
—
—
Fargo Bk NA Wells
—
Loan Modification
related
$214,361,400 · 425 Lexington Realty Co LLC
—
—
425 Lexington Realty Co LLC
—
Loan Modification
related
$214,361,400 · New York Life Insurance
—
—
New York Life Ins Co
—
Loan Modification
related
—
—
—
Cibc Delaware Holdings INC
—
Loan Modification
related
—
—
—
Hines 425 Lexington Avenue LLC
—
Loan Modification
related
$306,078,300 · 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.
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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