46 Lafayette St 1 New York, NY 10013-4045
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$18.20M
Range $16.38M – $20.02M (±10%)
Property ID
US63-5941909
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
15,930 SF
Lot
0.66 ac (28,566 SF)
Zoning code
C64A
APN
00170-1002
UPID
US63-5941909
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.92M
Blend (final)
Blend
$18.20M
Owner & transaction history
since 2024
Last sale
$18.2M
2 recorded transactions
Zoning & alternative use
C64A · New York, NY
Top alternative use upside
Industrial (general)
$22.0M
+6.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$18.20M
Value range
$16.38M – $20.02M
±10% around blend
Estimated value / SF
$1,142 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$16.38M
blend $18.20M
$20.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,930 SF
Lot area
0.66 ac
Year built
1900
Stories
13
APN
00170-1002
Assessed value
$2,913,499
Annual tax
$308,598
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.10M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.4 mi away · 12,173 SF
7.7 mi away · 11,933 SF
7.9 mi away · 18,000 SF
10.9 mi away · 15,854 SF
11.4 mi away · 13,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$18.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$1,302
-12%
Submarket 294 sales
$1,315
-13%
County 295 sales
$1,313
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,142/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+6%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$18.20M
Move the market yield to see immediate price impact.
Value / SF
$1,142
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.15M
$22.93M
$16.38M
$12.74M
$1.27M
$25.48M
$18.20M
$14.16M
$1.40M
$28.03M
$20.02M
$15.57M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$90k
3.7 mi · Feb 2026 · $5/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$308,598
Tax year 2024
Assessed value
$2,913,499
Assessed 2024
Previous assessed
$2,834,338
+2.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$261,908
Assessed improvement
$2,651,591
Land market value
$582,017
Improvement market value
$6,346,732
Total market value
$6,928,749
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1900
Buildings
1
Stories
13
Units
1
Total area
15,930 SF
Lot
0.66 ac (28,566 SF)
Zoning code
C64A
APN
00170-1002
UPID
US63-5941909
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64A · New York, NYZoning C64A · permitted uses
C64A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Stories
13
Buildings
1
Units
1
Lot
0.66 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C64A
Jurisdiction
New York, NY
Recorded code
C64A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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