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Property profile & analytics
OFF-MARKET
Estimated value
$79,320,000
Banks
450 126th St, New York, NY 10027-2503
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3877907
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Total area
260,965 SF
Lot
0.9 ac (39,419 SF)
Zoning code
M15R72
APN
01966-0095
UPID
US63-3877907
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
Current use
Occupant on record · Public records
-
Taystee Life Science Building Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$79.32M
Owner & transaction history
Tsty Owner LLC · 7 yrs held
Tsty Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
M15R72 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$116,375,000
Current use
COMMERCIAL (GENERAL)
$95,070,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$79.32M
Range $71.39M – $87.25M · ±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
$304 / 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
$3,688,717
Tax year 2024
Assessed value
$37,799,440
Assessed 2024
Previous assessed
$34,231,050
+10.4% YoY
Effective rate
9.76%
On assessed value
Assessed land
$7,628,650
Assessed improvement
$30,170,790
Land market value
$9,287,000
Improvement market value
$68,103,000
Total market value
$77,390,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
1
Stories
11
Units
3
Total area
260,965 SF
Lot
0.9 ac (39,419 SF)
Zoning code
M15R72
APN
01966-0095
UPID
US63-3877907
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R72 · New York, NY
Zoning M15R72 · permitted uses
M15R72 · 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
FINANCIAL BUILDING Current
Est. value
$116.4M
COMMERCIAL (GENERAL)
Est. value
$95.1M
FINANCIAL BUILDING Current
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
2019
Heating
NONE
Stories
11
Buildings
1
Units
3
Lot
0.9 ac
Current owner
From public records · entity-resolved
Tsty Owner LLC
Entity
Mailing address
423 W 127TH ST FL #7, NEW YORK, NY 10027-2565
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
Tsty Owner LLC
—
Deed
related
$30,000,000 · Wells Fargo Bank, National Association
Jan 8, 2019
$77,345,496
Tsty Owner LLC
Tsty Create LLC
Grant Deed
—
Dec 11, 2017
—
Tsty Create LLC
—
Loan Modification, Consolidation And Extension
related
$20,000,000 · Signature Bk
Mar 29, 2017
—
Tsty Create LLC
—
Deed
related
$7,000,000 · * Other Institutional Lenders
Mar 9, 2017
—
Tsty Create LLC
—
Deed
related
$7,000,000 · * Other Institutional Lenders
Jun 30, 2015
—
Tsty Create LLC
West 126 Acquisition LLC
Warranty Deed
—
Jul 3, 2012
$3,438,700
Taystee Create LLC
New York City Economic Dev Cor
Grant Deed
$4,400,000 · New York Emerging Neighborho
Jun 15, 2007
—
Harlem Real Estate LLC
Harlem Real Estate LLC
Quit Claim Deed
related
—
Aug 10, 2006
—
Harlem Real Estate LLC
New York City Economic Dev Cor
Grant Deed
—
—
—
Taystee Create LLC
—
Loan Modification
related
$4,800,000 · Accord West Harlem Equities Ll
—
—
Tsty Create LLC
—
Loan Modification, Consolidation And Extension
related
$5,200,000 · New York Emerging Neighborho
—
—
Tsty Create LLC
—
Deed Of Trust
related
$7,000,000 · * Other Institutional Lenders
—
—
Tsty Create LLC
—
Deed Of Trust
related
$7,000,000 · * Other Institutional Lenders
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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