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Property profile & analytics
OFF-MARKET
Estimated value
$12,315,000
Retail residential properties
45 55th St New York, NY 10019-4950
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1969819
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1939
Total area
14,680 SF
Lot
0.09 ac (3,765 SF)
Zoning code
C5-P
APN
01271-0015
UPID
US63-1969819
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
$9.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.35M
Blend (final)
Blend
$12.32M
Owner & transaction history
Dreamaps Estate Ny LLC · 5 yrs held
Dreamaps Estate Ny LLC
since 2021
Last sale
$12.3M
6 recorded transactions
Zoning & alternative use
C5-P · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.3M
+91.3%
Warehouse, storage
$12.0M
+18.9%
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
$12,315,000
ML approach
$9,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,090,000
Current use
RETAIL STORES
$19,305,000
Change: +91% · Conversion: Easy
WAREHOUSE, STORAGE
$11,995,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$9,375,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$12.32M
Range $11.08M – $13.55M · ±10% · vs last sale $12.25M (Jun 14 2021)
Last sale anchor
$12.25M
Jun 14 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
$839 / 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
$301,436
Tax year 2024
Assessed value
$2,657,520
Assessed 2024
Previous assessed
$2,743,300
-3.1% YoY
Effective rate
11.34%
On assessed value
Assessed land
$1,003,500
Assessed improvement
$1,654,020
Land market value
$2,230,000
Improvement market value
$3,128,000
Total market value
$5,358,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1939
Heating
NONE
Buildings
1
Stories
5
Units
12
Total area
14,680 SF
Lot
0.09 ac (3,765 SF)
Zoning code
C5-P
APN
01271-0015
UPID
US63-1969819
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-P · New York, NYZoning C5-P · permitted uses
C5-P · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.1M
RETAIL STORES
Est. value
$19.3M
WAREHOUSE, STORAGE
Est. value
$12.0M
OFFICE BUILDING
Est. value
$9.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1939
Heating
NONE
Stories
5
Buildings
1
Units
12
Lot
0.09 ac
Current owner
From public records · entity-resolved
Dreamaps Estate Ny LLC
Entity
Mailing address
20 W 20TH ST STE #1102, NEW YORK, NY 10011-9251
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$12,250,000
Dreamaps Estate Ny LLC
Double E Realty, LLC
Deed
—
May 2, 1996
$150,000
Double E Realty LLC
Ranelagh Finances Snc
Trustees Deed
—
—
—
Double E Realty LLC
—
Deed Of Trust
related
$3,500,000 · Sun Life Assurance Co
—
—
Double E Realty LLC
—
Deed Of Trust
related
$671,256 · Sun Life Assurance Co
—
—
Double E Realty LLC
—
Deed Of Trust
related
$1,300,000 · Amalgamated Bank New York
—
—
Double E Realty LLC
—
Deed Of Trust
related
$1,228,461 · Sun Life Ins & Annuity Co New
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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