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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Retail space
455 86th St 2 New York, NY 10028-6400
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0829506
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
4,465 SF
Lot
0.09 ac (3,840 SF)
Zoning code
R10A
APN
01566-1002
UPID
US63-0829506
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
-
Channel Club Condominium Condominium Complex
-
Recant Jane MD Physician
-
Arlene Angard Designs Interior Design Home Decor Store
-
Wagner Karen B MD Physician Medical Clinic
-
2 Dollars Essay High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.83M
Owner & transaction history
Cats 1637 York Avenue LLC · 10 yrs held
Cats 1637 York Avenue LLC
since 2016
5 recorded transactions
Zoning & alternative use
R10A · 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
RETAIL STORES
$5,870,000
Current use
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±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
$1,082 / 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
$269,769
Tax year 2024
Assessed value
$2,546,910
Assessed 2024
Previous assessed
$2,505,780
+1.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$310,500
Assessed improvement
$2,236,410
Land market value
$689,999
Improvement market value
$5,884,000
Total market value
$6,573,999
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
1
Stories
36
Units
1
Total area
4,465 SF
Lot
0.09 ac (3,840 SF)
Zoning code
R10A
APN
01566-1002
UPID
US63-0829506
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10A · New York, NYZoning R10A · permitted uses
R10A · 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
RETAIL STORES Current
Est. value
$5.9M
RETAIL STORES Current
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
1986
Heating
NONE
Stories
36
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cats 1637 York Avenue LLC
Entity
Mailing address
800 3RD AVE FL #5, NEW YORK, NY 10022-7655
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2016
—
Cats 1637 York Avenue LLC
Catsimatidis,john
Quit Claim Deed
$823,987 · Israel Discount Bk/ny
Aug 29, 2011
—
John Catsimatidis
—
Deed Of Trust
related
$5,800,000 · Israel Discount Bank New York
—
—
Cats 1637 York Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$5,800,000 · Israel Discount Bk/ny
—
—
John Catsimatidis
—
Deed Of Trust
related
$4,400,000 · Amalgamated Bank
—
—
John Catsimatidis
—
Deed Of Trust
related
$2,922,798 · Amalgamated 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.
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