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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Parking lots & garages
50 Franklin St P3, New York, NY 10013-4067
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3632066
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2007
Total area
153 SF
Zoning code
C64A
APN
00172-1547
UPID
US63-3632066
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
-
Le Reborn Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.89M
Owner & transaction history
Tang, Vincent · 2 yrs held
Tang, Vincent
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C64A · 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
$1,890,000
ML approach
$1,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.89M (Apr 24 2024)
Last sale anchor
$1.89M
Apr 24 2024
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
$12,353 / 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
$1,534
Tax year 2024
Assessed value
$14,485
Assessed 2024
Previous assessed
$13,991
+3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$442
Assessed improvement
$14,043
Land market value
$983
Improvement market value
$31,727
Total market value
$32,710
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Stories
19
Units
1
Total area
153 SF
Zoning code
C64A
APN
00172-1547
UPID
US63-3632066
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64A · New York, NY
Zoning C64A · permitted uses
C64A · 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
2007
Heating
NONE
Stories
19
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Tang, Vincent
Individual
Mailing address
50 FRANKLIN STPHC, NEW YORK, NY 10013-4067
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$1,890,000
Tang, Vincent
Loveapple, LLC
Deed
$1,228,500 · Cathay Bank
Sep 26, 2013
$2,000,000
Loveapple LLC
Angell,keith & Ashley
Grant Deed
—
Apr 19, 2010
—
48-52 Franklin LLC
—
Deed Of Trust
related
$3,807,925 · Capital One
—
—
Keith Angell
—
Deed Of Trust
related
$19,071 · Wells Fargo Bank
—
—
Keith Angell
—
Deed Of Trust
related
$9,832 · J P Morgan Chase Bank
—
—
Angell,ashley
—
Deed Of Trust
related
$940,000 · Wells Fargo Bank
—
—
Keith Angell
—
Deed Of Trust
related
$729,750 · De Capital Mortgage LLC
—
—
Loveapple LLC
—
Deed Of Trust
related
$500,000 · Hsbc Bk USA NA
—
—
Loveapple LLC
—
Deed Of Trust
related
$750,000 · Hsbc Bk USA NA
—
—
Angell,ashley
—
Deed Of Trust
related
$935,000 · J P Morgan Chase Bank
—
—
Keith Angell
—
Deed Of Trust
related
$207,750 · Wells Fargo Bank
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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