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Property profile & analytics
OFF-MARKET
Estimated value
$10,730,000
Office buildings
452 5th Ave New York, NY 10018-2706
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5885739
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1902
Total area
616,352 SF
Lot
0.75 ac (32,834 SF)
Zoning code
C5-3
APN
00841-0049
UPID
US63-5885739
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
-
Varadero Capital, L.P. Financial Advisor
-
Baker McKenzie Law Firm
-
Tilden Park Capital Management Financial Advisor
-
TriPointe Capital Partners Financial Advisor
-
Glg Investment Group Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.73M
Owner & transaction history
452 Fifth Owners LLC · 4 yrs held
452 Fifth Owners LLC
since 2021
7 recorded transactions
Zoning & alternative use
C5-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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
$16,202,187
Tax year 2024
Assessed value
$152,966,270
Assessed 2024
Previous assessed
$151,859,540
+0.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$31,471,200
Assessed improvement
$121,495,070
Land market value
$69,936,000
Improvement market value
$297,361,000
Total market value
$367,297,000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1902
Heating
NONE
Buildings
2
Stories
29
Units
17
Total area
616,352 SF
Lot
0.75 ac (32,834 SF)
Zoning code
C5-3
APN
00841-0049
UPID
US63-5885739
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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.
Building & site characteristics
From public records
Year built
1902
Heating
NONE
Stories
29
Buildings
2
Units
17
Lot
0.75 ac
Current owner
From public records · entity-resolved
452 Fifth Owners LLC
Entity
Mailing address
PO BOX 2021, WARREN, MI 48090-2021
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
452 Fifth Owners LLC
—
Deed
related
$40,793,646 · Reznik Paz Nevo Trusts Ltd., As Trustee
May 30, 2024
—
452 Fifth Owners LLC
—
Deed
related
$9,636,784 · Reznik Paz Nevo Trusts Ltd., As Trustee
Jul 19, 2022
—
452 Fifth Owners LLC
—
Deed
related
$39,748,762 · Jpmorgan Chase Bank, National Associatio
Nov 1, 2021
—
452 Fifth Owners LLC
Kls Diversified Asset Management LP
Deed
—
Jul 13, 2012
—
452 Fifth Owners LLC
—
Grant Deed
related
$17,467,000 · J P Morgan Chase Bank
Mar 8, 2012
—
452 Fifth Owners LLC
—
Grant Deed
related
$30,000,000 · Bank Leumi USA
Apr 15, 2010
$330,000,000
452 Fifth Owners LLC
Property Owner USA LLC
Grant Deed
—
—
—
452 Fifth Owners LLC
—
Loan Modification
related
—
—
—
452 Fifth Owners LLC
—
Deed Of Trust
related
$282,533,000 · J P Morgan Chase Bank
—
—
452 Fifth Owners LLC
—
Deed Of Trust
related
—
—
—
452 Fifth Owners LLC
—
Deed Of Trust
related
$42,533,000 · J P Morgan Chase Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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