New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Apartment buildings
514 135th St 24 New York, NY 10031-8636
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-5973699
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
16,614 SF
Lot
0.1 ac (4,246 SF)
Zoning code
R7A
APN
01988-0048
UPID
US63-5973699
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
$3.91M
Owner & transaction history
Columbia Heights Neighbors LLC · 18 yrs held
Columbia Heights Neighbors LLC
since 2008
7 recorded transactions
Zoning & alternative use
R7A · 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
APARTMENT HOUSE (5+ UNITS)
$5,295,000
Current use
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±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
$235 / 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
$86,920
Tax year 2024
Assessed value
$735,910
Assessed 2024
Previous assessed
$630,450
+16.7% YoY
Effective rate
11.81%
On assessed value
Assessed land
$58,950
Assessed improvement
$676,960
Land market value
$131,000
Improvement market value
$1,414,000
Total market value
$1,545,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
6
Units
25
Total area
16,614 SF
Lot
0.1 ac (4,246 SF)
Zoning code
R7A
APN
01988-0048
UPID
US63-5973699
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · New York, NY
Zoning R7A · permitted uses
R7A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
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
Year built
1910
Heating
NONE
Stories
6
Buildings
1
Units
25
Lot
0.1 ac
Current owner
From public records · entity-resolved
Columbia Heights Neighbors LLC
Entity
Mailing address
514 W 135TH ST APT #24, NEW YORK, NY 10031-8636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
—
Columbia Heights Neighbors LLC
—
Deed
related
$5,787,671 · Greystone Svcg
Jun 23, 2016
—
Columbia Heights Neighbors LLC
—
Deed
related
$3,900,000 · Greystone Svcg
Jun 13, 2008
—
Columbia Heights Neighbors LLC
—
Deed Of Trust
related
$5,325,000 · Signature Bank
Apr 22, 2008
$7,013,650
Columbia Heights Neighbors LLC
514135 LLC
Grant Deed
—
Sep 14, 2006
—
736 Riverside LLC
—
Deed Of Trust
related
$1,400,000 · Rcg Longview II LP
Aug 19, 2005
$2,150,000
514135 LLC
514 W 135 St LLC
Grant Deed
—
—
—
514135 LLC
—
Deed Of Trust
related
$1,760,000 · Independence Community Bank
—
—
Columbia Heights Neighbors LLC
—
Deed Of Trust
related
$6,250,000 · Signature Bank
—
—
Columbia Heights Neighbors LLC
—
Deed Of Trust
related
$2,893,835 · Greystone Svcg
—
—
Columbia Heights Neighbors LLC
—
Loan Modification
related
$5,787,671 · Greystone Svcg
—
—
Columbia Heights Neighbors LLC
—
Loan Modification, Consolidation And Extension
related
$3,900,000 · Greystone Svcg
—
—
Columbia Heights Neighbors LLC
—
Loan Modification
related
$5,787,671 · Greystone Svcg
—
—
Columbia Heights Neighbors LLC
—
Deed Of Trust
related
$1,006,164 · Greystone Svcg
—
—
West 135th Street 514
—
Deed Of Trust
related
$322,893 · Astoria Federal S&l Assn
—
—
514135 LLC
—
Deed Of Trust
related
$577,712 · Independence Community 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.
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 514 135th St, Unit 24?
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.
