Entity Owned Property summary
AI-generated overview
This exceptional retail property at 47 Monroe Street in New York City, New York County (zip code 10002), offers a total of 1,050 square feet of versatile commercial space currently available for lease. The property is categorized as retail with multiple tenancy options. Two individual spaces are immediately available, each offering a flexible footprint. One space offers a minimum of 500 square feet, while the maximum contiguous space available is 550 square feet. This presents an excellent opportunity for businesses seeking a prominent location in a vibrant New York City neighborhood. The entire 1,050 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's address is 47 Monroe Street, situated at latitude 40.7118923 and longitude -73.9938584. This prime location offers exceptional visibility and accessibility, making it an ideal choice for a variety of retail businesses. The property is classified as commercial retail space. Serious inquiries are encouraged to explore this unique leasing opportunity. The property is located in New York County, New York.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
12,138 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00274-0001
UPID
US63-5776633
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
-
Construction Company
-
Church Mosque
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
since 2017
7 recorded transactions
Zoning & alternative use
R7-2 · New York, NY
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 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.42M
Value range
$3.08M – $3.76M
±10% around blend
Estimated value / SF
$282 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$3.08M
blend $3.42M
$3.76M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,138 SF
Lot area
0.06 ac
Year built
1900
Stories
5
APN
00274-0001
Zoning
R7-2
Assessed value
$1,374,726
Annual tax
$171,868
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
$1.97M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.6 mi away · 9,806 SF
2.8 mi away · 13,427 SF
3.5 mi away · 14,472 SF
3.7 mi away · 12,212 SF
4.8 mi away · 8,520 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.42M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 921 sales
$541
-48%
County 922 sales
$538
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $282/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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 · 14 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$1.37M
Move the market yield to see immediate price impact.
Value / SF
$113
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%
$87k
$1.73M
$1.24M
$962k
$96k
$1.92M
$1.37M
$1.07M
$106k
$2.12M
$1.51M
$1.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$1.08M
2.4 mi · Feb 2026 · $102/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$171,868
Tax year 2024
Assessed value
$1,374,726
Assessed 2024
Previous assessed
$1,154,700
+19.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$70,471
Assessed improvement
$1,304,255
Land market value
$197,000
Improvement market value
$3,646,000
Total market value
$3,843,000
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
8
Total area
12,138 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00274-0001
UPID
US63-5776633
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NYZoning R7-2 · permitted uses
R7-2 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
8
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R7-2
Jurisdiction
New York, NY
Recorded code
R7-2
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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