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Property profile & analytics
OFF-MARKET
Estimated value
$13,960,000
Parking lots & garages
485 Fashion Ave GAR New York, NY 10018-6804
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-5151087
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1906
Total area
24,099 SF
Zoning code
M1-6
APN
00812-1004
UPID
US63-5151087
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
-
Apparel Sourcing Group (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Fieldston Brokerage Insurance Agency
-
Click Tech Support IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Richard Harris Men's Wear Collection Industrial Manufacturer Production Facility
-
Licensing Link Ltd Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.96M
Owner & transaction history
Anpora 485 Seventh Avenue LLC · 8 yrs held
Anpora 485 Seventh Avenue LLC
since 2017
3 recorded transactions
Zoning & alternative use
M1-6 · 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
$579 / 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
$432,143
Tax year 2024
Assessed value
$4,079,897
Assessed 2024
Previous assessed
$4,141,734
-1.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$701,772
Assessed improvement
$3,378,125
Land market value
$1,559,494
Improvement market value
$8,148,000
Total market value
$9,707,494
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1906
Heating
NONE
Buildings
1
Stories
17
Units
1
Total area
24,099 SF
Zoning code
M1-6
APN
00812-1004
UPID
US63-5151087
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · New York, NY
Zoning M1-6 · permitted uses
M1-6 · 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
1906
Heating
NONE
Stories
17
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Anpora 485 Seventh Avenue LLC
Entity
Free & Clear · 8 yrs held
Mailing address
260 MADISON AVE FL #12, NEW YORK, NY 10016-2411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
—
Anpora 82 West 12th Street LLC
—
Grant Deed
related
$25,150,000 · Credit Suisse Ag
Oct 26, 2017
$21,000,000
Anpora 485 Seventh Avenue LLC
485 Garage Parcel LLC
Grant Deed
—
Oct 26, 2017
—
485 Garage Parcel LLC
485 Seventh Avenue Assocs LLC
Quit Claim Deed
related
—
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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