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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Residential income homes
49 68th St New York, NY 10023-5322
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0853410
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1910
Total area
7,082 SF
Lot
0.04 ac (1,908 SF)
Zoning code
R8B
APN
01121-0012
UPID
US63-0853410
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
-
Natalie’s Psychic Studio Spiritual Center
-
Avatar Construction Inc Construction Company
-
CPW Psychic Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
49 W 68th St Realty, LLC · 3 yrs held
49 W 68th St Realty, LLC
since 2023
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
R8B · 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
$3,800,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
$3,710,000
6.5%
$3,425,000
7%
$3,180,000
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.30M (Jul 17 2023)
Last sale anchor
$3.30M
Jul 17 2023
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
$537 / 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
$97,854
Tax year 2024
Assessed value
$782,708
Assessed 2024
Previous assessed
$728,832
+7.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$225,348
Assessed improvement
$557,360
Land market value
$1,050,000
Improvement market value
$2,597,000
Total market value
$3,647,000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
6
Units
10
Total area
7,082 SF
Lot
0.04 ac (1,908 SF)
Zoning code
R8B
APN
01121-0012
UPID
US63-0853410
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NYZoning R8B · permitted uses
R8B · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
6
Buildings
1
Units
10
Lot
0.04 ac
Current owner
From public records · entity-resolved
49 W 68th St Realty, LLC
Entity
Free & Clear · 3 yrs held
Mailing address
44 W 85TH ST APT 1B, NEW YORK, NY 10024-4532
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
$3,300,000
49 W 68th St Realty, LLC
Florence Goldsmith
Deed
—
Oct 4, 2022
—
Florence Goldsmith
West Side Partners, LLC
Deed
—
Aug 13, 2019
—
West Side Partners LLC
—
Grant Deed
related
$2,579,975 · Jp Morgan Chase Bk
Mar 25, 2009
—
Chelsea Partners LLC
—
Deed Of Trust
related
$6,875,256 · Dime Savings Bank Williamsburg
—
—
Chelsea Partners LLC
—
Deed Of Trust
related
$8,000,000 · Dime Savings Bank Williamsburg
—
—
Chelsea Partners LLC
—
Deed Of Trust
related
$1,455,907 · Dime Savings Bank Williamsburg
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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