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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Retail residential properties
49 28th St New York, NY 10001-4530
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-1796613
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
5,861 SF
Lot
0.05 ac (2,116 SF)
Zoning code
M1-6
APN
00830-0010
UPID
US63-1796613
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
-
The Mews Bridal Wedding Service
-
Speakitaly NYC Translation Service Language School
-
NYC Mobile Shipping Company Freight Service
-
Signed Pieces (Bike/Boat/Book/etc) Store Printing Service
-
lucky tees inc Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
49 W 28th Street LLC · 12 yrs held
49 W 28th Street LLC
since 2013
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±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
$417 / 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
$103,097
Tax year 2024
Assessed value
$1,130,490
Assessed 2024
Previous assessed
$1,065,150
+6.1% YoY
Effective rate
9.12%
On assessed value
Assessed land
$213,750
Assessed improvement
$916,740
Land market value
$475,000
Improvement market value
$1,688,000
Total market value
$2,163,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
4
Units
5
Total area
5,861 SF
Lot
0.05 ac (2,116 SF)
Zoning code
M1-6
APN
00830-0010
UPID
US63-1796613
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
1920
Heating
NONE
Stories
4
Buildings
1
Units
5
Lot
0.05 ac
Current owner
From public records · entity-resolved
49 W 28th Street LLC
Entity
Mailing address
47 W 28TH ST3F, NEW YORK, NY 10001-4256
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
45 West 28th LLC
—
Deed
related
$1,379,973 · Emg Transfer Agent LLC
Jun 25, 2018
—
45 West 28th LLC
—
Loan Modification
related
$15,800,824 · Societe Generale
Jan 24, 2015
—
45 West 28th LLC|47 W 28th Street LLC
—
Loan Modification, Consolidation And Extension
related
$14,000,000 · W Fin'l Fund
Nov 18, 2013
$3,600,000
49 W 28th Street LLC
Jo-fra Properties INC
Deed
—
—
—
45 West 28th LLC
—
Loan Modification
related
$12,000,000 · W Financial Fund LP
—
—
45 West 28th LLC
—
Loan Modification, Consolidation And Extension
related
$16,000,000 · New York Cmnty Bk
—
—
45 West 28th LLC
—
Deed Of Trust
related
$2,000,000 · New York Cmnty Bk
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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