Realmo Analytics
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Entity Owned Property summary
This exceptional investment opportunity presents a 10-story, 39-key hotel located at 449 W 36th Street, New York, NY 10018. Boasting a 100% occupancy rate as of March 1st, 2023, the property currently generates a NOI of $1,600,000, with a projected NOI of $2,000,000 post-renovation. The asking price is $16,000,000, representing a current cap rate of 10% and a pro-forma cap rate of 12.5%. Built in 2005 and renovated in 2015, the hotel features 12,500 to 16,000 square feet of space on a 2,469… square foot lot. Approved plans exist for a 16,000 square foot residential condo conversion, leveraging an additional 2,500 square feet of air rights. The property is zoned R8A, C2-5, and HY i, offering significant flexibility. The land value is estimated at $900 to $1,100 per square foot. This fee-simple ownership opportunity is ideally situated near Hudson Yards, Manhattan West, the Javits Convention Center, and major transportation hubs, promising substantial returns for a value-add investor seeking residential condo redevelopment. The property's prime location and redevelopment potential make it a compelling investment.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 19 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 12,340 SF
- Lot area
- 0.06 ac
- Year built
- 2005
- Stories
- 10
- APN
- 00734-0007
- Zoning
- R8A
- Assessed value · 2024
- $1,520,460
- Annual tax · 2024
- $161,047
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This district is designed to provides for high density housing, typically for urban neighborhoods with significant access to transportation and community facilities, emphasizing efficient land use and open space
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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