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Property profile & analytics
OFF-MARKET
Estimated value
$195,470,000
Hotels
50 Central Park Shotel New York, NY 10019-1613
Entity Owned
~
Est. High Equity
Property ID
US63-1625402
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Total area
234,324 SF
Zoning code
R10H
APN
01274-1201
UPID
US63-1625402
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
-
Contour Restaurant
-
Central Park Pedicab|Horse Carriage|Bike Rental Tours Tour Operator (Bike/Boat/Book/etc) Store
-
Behr Psychology Physician Medical Clinic
-
Dana M. Lerner, CSW Physician
-
Encore Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$195.47M
Owner & transaction history
Rccp Ny Hotel Fee Owner, LLC
Rccp Ny Hotel Fee Owner, LLC
since 2026
Last sale
$183.6M
7 recorded transactions
Zoning & alternative use
R10H · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$308,150,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$195.47M
Range $175.92M – $215.02M · ±10% · vs last sale $183.57M (Feb 18 2026)
Last sale anchor
$183.57M
Feb 18 2026
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
$834 / 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
$6,743,052
Tax year 2024
Assessed value
$63,661,748
Assessed 2024
Previous assessed
$61,179,222
+4.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$7,352,909
Assessed improvement
$56,308,839
Land market value
$16,339,797
Improvement market value
$142,367,203
Total market value
$158,707,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Stories
33
Units
1
Total area
234,324 SF
Zoning code
R10H
APN
01274-1201
UPID
US63-1625402
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R10H · New York, NY
Zoning R10H · permitted uses
R10H · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$308.2M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
33
Units
1
Current owner
From public records · entity-resolved
Rccp Ny Hotel Fee Owner, LLC
Entity
Mailing address
50 CENTRAL PARK S, NEW YORK, NY 10019-1613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
$183,566,575
Rccp Ny Hotel Fee Owner, LLC
Mp8 Cps Hotel Owner LLC
Deed
—
Apr 12, 2018
—
Mp8 Cps Hotel Owner LLC
—
Loan Modification
related
$280,000,000 · Keb Hana Bk Ny Agcy
Sep 22, 2016
—
Mp8 Cps Hotel Owner LLC
—
Loan Modification, Consolidation And Extension
related
$77,500,000 · Delaware Life Ins Co
Apr 30, 2013
—
Mpe Hotel I Downtown Ny Ll
—
Grant Deed
related
$190,000,000 · Us Bank NA (ce)
Feb 14, 2012
$105,000,000
Mp8 Cps Hotel Owner LLC
Mcaf Cps Hotel LLC
Grant Deed
—
Feb 14, 2012
—
Mcaf Cps Hotel LLC
—
Loan Modification
related
$75,000,000 · Morgan Stanley Mtg Cap Holding
Jan 23, 2012
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$1,245,381 · Marriott International INC
Oct 13, 2011
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$4,537,861 · Marriott International INC
Oct 12, 2011
—
Mcaf Cps Hotel LLC
—
Loan Modification, Consolidation And Extension
related
$80,500,000 · Morgan Stanley Mtg Cap Holding
Jul 12, 2011
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$5,601,068 · Marriott International INC
Apr 6, 2011
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$8,439,572 · Marriott International INC
Jan 6, 2011
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$2,023,972 · Marriott International INC
Oct 13, 2010
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$3,707,329 · Marriott International INC
Jul 21, 2010
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$5,033,631 · Marriott International INC
Apr 27, 2010
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$7,355,521 · Marriott International INC
Jan 6, 2010
—
Mpe Hotel I Downtown New York
—
Deed Of Trust
related
$21,000,000 · Marriott International INC
Jul 5, 2006
$88,823,437
Mcaf Cps Hotel LLC
59th Street Australian Acquisi
Grant Deed
—
Jul 5, 2006
—
Wells Fargo Bank NA
—
Deed Of Trust
related
$80,500,000 · Wells Fargo Bank
Jan 27, 2006
—
Mpe Hotel I Downtown New Y
—
Deed Of Trust
related
$190,000,000 · Morgan Stanley Mtg Capital INC
—
—
Mp8 Cps Hotel Owner LLC
—
Deed Of Trust
related
$5,549,546 · Delaware Life Ins Co
—
—
Mpe Hotel I New York LLC|mpe Hotel I Ff & E Ny LLC
—
Loan Modification
related
—
—
—
Mpe Holdings I LLC|mpe Hotel I Downtown Ny LLC Eta
—
Loan Modification
related
—
—
—
Mpe Hotel I New York LLC
—
Deed Of Trust
related
$47,174,649 · Delaware Life Insurance Co
—
—
Mpe Hotel I New York LLC
—
Loan Modification, Consolidation And Extension
related
$135,000,000 · Delaware Life Insurance Co
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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