New search
Property profile & analytics
FOR LEASE
Hotels
525 Lexington Ave, New York, NY 10017
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1247046
For Lease
Contact for pricing
525 Lexington Ave, New York, NY 10017
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1923
Total area
406,261 SF
Lot
0.51 ac (22,425 SF)
Zoning code
C6-6
APN
01303-0053
UPID
US63-1247046
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
-
Lebangs Theatre Tickets Inc Event Planning
-
Former Marriot Central NY Hotel & Motel
-
Shelton Hotel Tour Operator
-
FOUND Study Turtle Bay Student Housing Center
-
525LEX Restaurant & Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$179.41M
Blend (final)
Blend
$135.10M
Owner & transaction history
525 Lexington Owner, LLC, A Delawar · 3 yrs held
525 Lexington Owner, LLC, A Delawar
since 2023
7 recorded transactions
Zoning & alternative use
C6-6 · 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
$145,660,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$135.10M
Range $121.59M – $148.61M · ±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
$333 / 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
$4,415,345
Tax year 2024
Assessed value
$41,685,660
Assessed 2024
Previous assessed
$43,450,650
-4.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$20,520,000
Assessed improvement
$21,165,660
Land market value
$45,600,000
Improvement market value
$57,222,000
Total market value
$102,822,000
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
1923
Heating
NONE
Buildings
1
Stories
34
Units
1
Total area
406,261 SF
Lot
0.51 ac (22,425 SF)
Zoning code
C6-6
APN
01303-0053
UPID
US63-1247046
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NY
Zoning C6-6 · permitted uses
C6-6 · 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
1923
Heating
NONE
Stories
34
Buildings
1
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
525 Lexington Owner, LLC, A Delawar
Entity
Mailing address
301 N CANON DR STE #328, BEVERLY HILLS, CA 90210-4726
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
525 Lexington Owner, LLC
—
Deed
related
$166,500,000 · Goldman Sachs Bank USA
Mar 18, 2024
—
Fcl Services, INC.
—
Deed
related
$20,515,744 · 525 Lexington Ave Lender 1 LLC
Mar 5, 2024
—
Fcl Services, INC.
—
Deed
related
$53,797,407 · 525 Lexington Ave Lender 1 LLC
Feb 6, 2023
$153,417,490
525 Lexington Owner, LLC, A Delawar
Lexington Avenue Hotel, L.p.
Deed
$92,186,847 · 525 Lexington Ave Lender 1 LLC
Feb 6, 2023
—
525 Lexington Owner, LLC
—
Deed
related
$53,797,407 · 525 Lexington Ave Lender 1 LLC
May 11, 2015
$270,000,000
Lexington Avenue Hotel LP
Ppf 525 Lexington Avenue LLC
Grant Deed
—
Apr 10, 2006
$287,000,000
Ppf 525 Lexington Avenue LLC
Sch New York East Side II LLC
Deed
$87,241,250 · Jpmorgan Chase Bank NA
Apr 10, 2006
—
Ppf 525 Lexington Ave Hotel
—
Deed Of Trust
related
$195,000,000 · J P Morgan Chase Bank
—
—
Lexington Avenue Hotel LP
—
Deed Of Trust
related
$53,000,000 · Dekabank Deutsche Girozentrale
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?”
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.
