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Property profile & analytics
FOR LEASE
Drive through restaurants
509 E 117Th St New York, NY 10035
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2935320
For Lease
1 / 2
Contact for pricing
509 E 117Th St, New York, NY 10035
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2012
Total area
10,149 SF
Lot
0.16 ac (7,115 SF)
Zoning code
C4-4
APN
01716-0005
UPID
US63-2935320
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
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
Tiago Holdings LLC · 16 yrs held
Tiago Holdings LLC
since 2010
7 recorded transactions
Zoning & alternative use
C4-4 · 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
$189,941
Tax year 2024
Assessed value
$1,814,850
Assessed 2024
Previous assessed
$1,823,760
-0.5% YoY
Effective rate
10.47%
On assessed value
Assessed land
$465,750
Assessed improvement
$1,349,100
Land market value
$1,035,000
Improvement market value
$2,950,000
Total market value
$3,985,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
2012
Heating
NONE
Stories
1
Units
1
Total area
10,149 SF
Lot
0.16 ac (7,115 SF)
Zoning code
C4-4
APN
01716-0005
UPID
US63-2935320
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · New York, NY
Zoning C4-4 · permitted uses
C4-4 · 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
2012
Heating
NONE
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Tiago Holdings LLC
Entity
Mailing address
300 ROBBINS LN, SYOSSET, NY 11791-6012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2010
—
Tiago Holdings LLC
—
Deed Of Trust
related
$128,680,450 · Ing Real Estate Finance (usa)
Mar 21, 2007
—
Tiago Holdings LLC
—
Deed Of Trust
related
$5,000,000 · Empire State Dev Corp
Mar 1, 2007
—
Tiago Holdings LLC
—
Deed Of Trust
related
$49,301,555 · Ing Real Estate Finance (usa)
Sep 15, 2006
—
Tiago Holdings LLC
—
Grant Deed
related
$12,782,653 · Bank Of America
Feb 1, 2006
—
Tiago Holdings LLC
—
Grant Deed
related
$10,199,452 · Bank Of America
—
—
Ing Real Estate Fin USA LLC
—
Deed Of Trust
related
—
—
—
Empire State Dev Corp
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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