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Property profile & analytics
OFF-MARKET
Estimated value
$95,195,000
Office Spaces
43 53rd St 49 New York, NY 10022-4604
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3755111
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Total area
112,933 SF
Lot
0.18 ac (8,033 SF)
Zoning code
C52.5
APN
01289-0028
UPID
US63-3755111
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
$131.40M
Blend (final)
Blend
$95.20M
Owner & transaction history
Park 53rd Owner LLC · 3 yrs held
Park 53rd Owner LLC
since 2022
Last sale
$102.5M
3 recorded transactions
Zoning & alternative use
C52.5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$148.5M
+69.9%
Warehouse, storage
$92.3M
+5.5%
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
$84,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$87,440,000
Current use
RETAIL STORES
$148,515,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$92,285,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$95.20M
Range $85.68M – $104.71M · ±10% · vs last sale $102.50M (Jul 28 2022)
Last sale anchor
$102.50M
Jul 28 2022
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
$843 / 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
$3,067,321
Tax year 2024
Assessed value
$29,067,668
Assessed 2024
Previous assessed
$31,548,010
-7.9% YoY
Effective rate
10.55%
On assessed value
Assessed land
$4,635,000
Assessed improvement
$24,432,668
Land market value
$10,300,000
Improvement market value
$54,053,000
Total market value
$64,353,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
1
Stories
20
Units
1
Total area
112,933 SF
Lot
0.18 ac (8,033 SF)
Zoning code
C52.5
APN
01289-0028
UPID
US63-3755111
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$87.4M
RETAIL STORES
Est. value
$148.5M
WAREHOUSE, STORAGE
Est. value
$92.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
20
Buildings
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Park 53rd Owner LLC
Entity
Mailing address
1450 BROADWAY FL #18, NEW YORK, NY 10018-2216
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$102,500,000
Park 53rd Owner LLC
Mikeone Ek East 53, LLC
Deed
$37,718,657 · Acres Realty Funding, INC.
Jun 15, 2015
$120,343,071
Mikeone Ek East 53 LLC
Kireland East 53rd Street New
Grant Deed
$90,000,000 · Sabadell United Bk NA
Nov 20, 2012
$120,000,000
East 53rd Street New Kireland
Santander,banco
Grant Deed
—
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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