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Property profile

487 129th St New York, NY 10027

OFF-MARKET
Other commercial real estate
Property ID
US63-3958223
19,376 SF 0.45 ac lot Built 1900
Last sale Jun 2024 · $10,000,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial land parcel located at 487 West 129th Street in West Harlem, positioned on the north side of West 129th Street between Amsterdam Avenue and Convent Avenue. The parcel is zoned R7-A and has an allowed floor area ratio (FAR) of 4.00, supporting approximately 154,729 square feet of future residential development. The site is situated near major destinations including Columbia University’s Manhattanville Campus and the Harlem Factory District, with retail corridors…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$209k
Tax billed · 2024
Assessed value$1.97M
Assessed land$1.97M
Effective rate10.59%

Value estimate

· Oct 2026
$10.00M
$9.00M – $11.00M
AI approach$10.00M
CAP approach$9.50M
Submarket $/SF estimate$9.70M

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$364/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$183 – $501
Qualifying comparables25

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7A
This district is designed to supports medium to high density housing, particularly in areas well served by public transportation and comm...
General categoryRESIDENTIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm157.7
Realty agency75.2
Building Supply27.2

Location

487 129th St New York, NY 10027-2541
County assessor Recorded deeds · 2 transfers 25 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
3 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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