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Property profile & analytics
OFF-MARKET
Schools
5 73rd St, New York, NY 10023-3189
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1473562
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1920
Total area
7,599 SF
Lot
0.05 ac (2,043 SF)
Zoning code
R8B
APN
01126-0127
UPID
US63-1473562
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
-
Craig Starr Gallery Art Gallery
-
Skor For Your Child Clothing Store
-
ASPR Charitable Organization Social Service Agency
-
Jordi Beat & Elsbeth Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5w73rd LLC · 1 yrs held
5w73rd LLC
since 2024
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$113,049
Tax year 2024
Assessed value
$1,067,310
Assessed 2024
Previous assessed
$1,070,280
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$371,250
Assessed improvement
$696,060
Land market value
$825,000
Improvement market value
$1,648,000
Total market value
$2,473,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
7,599 SF
Lot
0.05 ac (2,043 SF)
Zoning code
R8B
APN
01126-0127
UPID
US63-1473562
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NY
Zoning 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
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
5w73rd LLC
Entity
Mailing address
459 W COLUMBUS AVE, NEW YORK, NY 10024-5129
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
5w73rd LLC
Referee Thom Kleinberger Esq.
Deed
$11,000,000 · 73 Servicing LLC
Oct 10, 2019
—
American Society For Psychical
—
Loan Modification
related
$12,873,102 · 73 Servicing LLC
May 31, 2016
—
American Society Of Psychical Res
—
Deed
related
$10,000,000 · 5 W 73rd Street LLC
Jun 18, 2014
—
American Society Of Psychical Res
—
Loan Modification
related
$7,200,000 · Eagle 73 LLC
Aug 3, 2011
—
American Society For Psychical
—
Deed Of Trust
related
$5,200,000 · Eagle 73 LLC
—
—
American Society For Psychical
—
Deed Of Trust
related
$1,750,000 · 73 Servicing LLC
—
—
American Society Of Psychical Res
—
Loan Modification, Consolidation And Extension
related
$10,000,000 · 5 W 73rd Street LLC
—
—
American Society Of Psychical Res
—
Deed Of Trust
related
$3,951,784 · Eagle 73 LLC
—
—
American Society Of Psychical Res
—
Deed Of Trust
related
$2,800,000 · 5 W 73rd Street LLC
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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