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Property profile & analytics
OFF-MARKET
Warehouses
524 23rd St 532 New York, NY 10011-1101
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-4328318
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
141,934 SF
Lot
0.33 ac (14,318 SF)
Zoning code
C63A
APN
00694-0047
UPID
US63-4328318
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
-
Manhattan Mini Storage Storage Facility
-
Ecm Construction Company General Contractor
-
Rhamnolipid Inc Financial Advisor
-
Granco Sales & Svce Accounting Firm Tax Preparation
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
Bto Nitro Buyer LLC · 1 yrs held
Bto Nitro Buyer LLC
since 2024
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
C63A · 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
$865,473
Tax year 2024
Assessed value
$8,171,010
Assessed 2024
Previous assessed
$7,719,840
+5.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,256,400
Assessed improvement
$6,914,610
Land market value
$2,792,000
Improvement market value
$17,775,000
Total market value
$20,567,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
10
Units
1
Total area
141,934 SF
Lot
0.33 ac (14,318 SF)
Zoning code
C63A
APN
00694-0047
UPID
US63-4328318
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C63A · New York, NY
Zoning C63A · permitted uses
C63A · 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
1931
Heating
NONE
Stories
10
Buildings
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Bto Nitro Buyer LLC
Entity
Free & Clear · 1 yrs held
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$3,664,558
Bto Nitro Buyer LLC
Members Of New Tradition Holdings L
Deed
—
Jan 6, 2022
—
Sm I Mms, L.l.c.
—
Deed
related
$706,011,000 · Barclays Capital Real Estate INC.
Dec 29, 2021
$132,100,000
Sm I Mms, L.l.c.
Grand Lafayette Properties LLC
Deed
—
Oct 2, 2007
$30,500,000
Grand Lafayette Properties LLC
Hernasco Enterprises LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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