New search
Property profile & analytics
OFF-MARKET
Estimated value
$31,670,000
Warehouses
51-57 142nd St, New York, NY 10037
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-3148205
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1921
Total area
115,350 SF
Lot
0.92 ac (39,966 SF)
Zoning code
M1-1
APN
01740-0009
UPID
US63-3148205
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
$31.31M
Comparable Approach
Comparable
$27.83M
Blend (final)
Blend
$31.67M
Owner & transaction history
Space Props Forty Seven Extra · 16 yrs held
Space Props Forty Seven Extra
since 2010
3 recorded transactions
Zoning & alternative use
M1-1 · 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%
$33,910,000
6.5%
$31,305,000
7%
$29,065,000
Blend value · Realmo final
$31.67M
Range $28.50M – $34.84M · ±10%
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
$275 / 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
$623,274
Tax year 2024
Assessed value
$5,884,380
Assessed 2024
Previous assessed
$5,734,350
+2.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$448,830
Assessed improvement
$5,435,550
Land market value
$987,000
Improvement market value
$12,452,000
Total market value
$13,439,000
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1921
Heating
NONE
Buildings
2
Stories
3
Units
3
Total area
115,350 SF
Lot
0.92 ac (39,966 SF)
Zoning code
M1-1
APN
01740-0009
UPID
US63-3148205
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · New York, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1921
Heating
NONE
Stories
3
Buildings
2
Units
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Space Props Forty Seven Extra
Individual
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2013
—
Extra Space Props Forty Seven
—
Loan Modification
related
$22,400,000 · Td Bank NA
Jul 2, 2010
—
Space Props Forty Seven Extra
Extra Space Props Fifty Three
Quit Claim Deed
related
$20,700,000 · Td Bank NA
Oct 26, 2005
—
Extra Space Properties Fifty Three
Security Caapital Self Storage Inco
Intrafamily Transfer
related
$21,000,000 · Wachovia Bank NA
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?”
You own 51-57 142nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
