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Property profile & analytics
OFF-MARKET
Estimated value
$20,830,000
Warehouses
430-436 55th St, New York, NY 10019
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-1265797
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
48,341 SF
Lot
0.2 ac (8,786 SF)
Zoning code
C6-2
APN
01064-0048
UPID
US63-1265797
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
$13.12M
Comparable Approach
Comparable
$20.40M
Blend (final)
Blend
$20.83M
Owner & transaction history
444 55th Street LLC · 10 yrs held
444 55th Street LLC
since 2016
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,210,000
6.5%
$13,120,000
7%
$12,180,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$33,225,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$20.83M
Range $18.75M – $22.91M · ±10%
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
$431 / 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
$457,013
Tax year 2024
Assessed value
$4,314,700
Assessed 2024
Previous assessed
$4,237,750
+1.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$673,200
Assessed improvement
$3,641,500
Land market value
$1,480,000
Improvement market value
$8,650,000
Total market value
$10,130,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
48,341 SF
Lot
0.2 ac (8,786 SF)
Zoning code
C6-2
APN
01064-0048
UPID
US63-1265797
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$33.2M
COMMERCIAL (GENERAL)
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
1920
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
444 55th Street LLC
Entity
Free & Clear · 10 yrs held
Mailing address
430 W 55TH ST, NEW YORK, NY 10019-4403
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2016
$67,170,000
444 55th Street LLC
Cirkers Ny Property LLC
Grant Deed
—
Jun 16, 2008
$45,500,000
Cirker's Ny Property LLC
Barton Cirker LLC
Deed
$2,327,853 · Prudential Mortgage Capital Co LLC
Jun 16, 2008
—
Cirkers Ny Business LLC
—
Deed Of Trust
related
$37,572,147 · Prudential Mortgage Capital Co
Aug 17, 2006
—
Barton Cirker LLC
Dorney,edward R
Grant Deed
related
—
Feb 2, 2005
—
Barton Cirker LLC
Cirker,barton
Quit Claim Deed
related
—
Dec 30, 2004
$1,970,000
Barton Cirker LLC
Sadagursky,stephanie H
Grant Deed
—
—
—
Cirkers Ny Business LLC
—
Loan Modification
related
$33,000,000 · Redwood Com'l Mtg Corp
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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