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Property profile & analytics
OFF-MARKET
Estimated value
$20,440,000
Hospitals
427-429 52nd St New York, NY 10019
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3666878
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1956
Total area
35,854 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R8
APN
01062-0017
UPID
US63-3666878
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
$16.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.44M
Owner & transaction history
427 West 52nd Propco LLC · 4 yrs held
427 West 52nd Propco LLC
since 2021
Last sale
$25.2M
2 recorded transactions
Zoning & alternative use
R8 · 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
$25,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,810,000
6.5%
$16,440,000
7%
$15,270,000
Blend value · Realmo final
$20.44M
Range $18.40M – $22.48M · ±10% · vs last sale $25.20M (Jul 19 2021)
Last sale anchor
$25.20M
Jul 19 2021
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
$570 / 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
$345,516
Tax year 2024
Assessed value
$3,262,050
Assessed 2024
Previous assessed
$3,271,140
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$639,000
Assessed improvement
$2,623,050
Land market value
$1,420,000
Improvement market value
$6,138,000
Total market value
$7,558,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1956
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
35,854 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R8
APN
01062-0017
UPID
US63-3666878
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · New York, NY
Zoning R8 · permitted uses
R8 · 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
1956
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
427 West 52nd Propco LLC
Entity
Mailing address
620 8TH AVE, NEW YORK, NY 10018-1618
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$25,200,000
427 West 52nd Propco LLC
427-429 West 52 LLC
Deed
$4,789,450 · Thm Holdings LLC
Jul 13, 2018
$16,000,000
427-429 West 52 LLC
Covenant House
Deed
$12,800,000
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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