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Property profile & analytics
OFF-MARKET
Estimated value
$48,610,000
Retail space
50 Trinity Pl, New York, NY 10006-2207
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3193538
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
74,373 SF
Lot
0.09 ac (3,758 SF)
Zoning code
C5-5
APN
00019-0024
UPID
US63-3193538
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
-
Half Moon Bar & Grill Bar & Pub Restaurant
-
Hotel Indigo NYC Financial District, an IHG Hotel Hotel & Motel
-
Hotel Indigo - WORLD TRADE CENTER NYC, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.61M
Owner & transaction history
Trinity Nyc Hotel LLC · 14 yrs held
Trinity Nyc Hotel LLC
since 2012
7 recorded transactions
Zoning & alternative use
C5-5 · 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
$654 / 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
$1,649,489
Tax year 2024
Assessed value
$15,572,970
Assessed 2024
Previous assessed
$15,057,720
+3.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$3,329,100
Assessed improvement
$12,243,870
Land market value
$7,398,000
Improvement market value
$30,921,000
Total market value
$38,319,000
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 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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
1
Stories
29
Units
1
Total area
74,373 SF
Lot
0.09 ac (3,758 SF)
Zoning code
C5-5
APN
00019-0024
UPID
US63-3193538
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
2019
Heating
NONE
Stories
29
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Trinity Nyc Hotel LLC
Entity
Mailing address
835 AIRPORT BLVD, BURLINGAME, CA 94010-1922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2019
—
Trinity Nyc Hotel LLC
—
Grant Deed
related
$16,000,000 · Taiwan Cooperative Bk
Mar 14, 2013
—
Trinity Nyc Hotel LLC
—
Grant Deed
related
$12,300,000 · Formostar Investment Corp
Nov 8, 2012
—
Metro Nine Hotel LLC
—
Grant Deed
related
$12,300,000 · National Republic Bank Chicago
May 22, 2012
—
Metro Nine Hotel LLC
—
Trustees Deed
related
$300,000 · National Republic Bank Chicago
Feb 7, 2012
$15,000,000
Trinity Nyc Hotel LLC
Metro Nine Hotel LLC
Grant Deed
—
Nov 7, 2007
—
Metro Nine Hotel LLC
—
Deed Of Trust
related
$17,600,000 · Mutual Bank
Oct 17, 2005
$13,500,000
Metro Nine Hotel LLC
4b's Realty Trinity Place LLC
Deed
—
Mar 22, 2005
$11,000,000
Realty Trinity Place 4 Bs
50 Trinity LLC
Grant Deed
—
—
—
Trinity Nyc Hotel LLC
—
Deed Of Trust
related
$3,300,000 · Formostar Investment INC
—
—
Trinity Nyc Hotel LLC
—
Deed Of Trust
related
$9,000,000 · Formostar Investments INC
—
—
Trinity Nyc Hotel LLC
—
Deed Of Trust
related
$9,000,000 · Taiwan Cooperative Bk
—
—
50 Trinity LLC
—
Deed Of Trust
related
$1,315,963 · Hsbc Realty Credit Corp
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.
Try Rey
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