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Property profile & analytics
OFF-MARKET
Estimated value
$1,406,940,000
Office buildings
527 34th St New York, NY 10001-1303
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1901254
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2018
Total area
2,221,336 SF
Lot
1.55 ac (67,387 SF)
Zoning code
C6-4
APN
00706-0017
UPID
US63-1901254
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
$1.41B
Owner & transaction history
509 W 34 LLC · 7 yrs held
509 W 34 LLC
since 2019
7 recorded transactions
Zoning & alternative use
C6-4 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1,827.4M
+28.8%
Warehouse, storage
$1,815.2M
+27.9%
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
OFFICE BUILDING
$1,418,900,000
Current use
COMMERCIAL (GENERAL)
$1,827,405,000
Change: +29% · Conversion: Easy
WAREHOUSE, STORAGE
$1,815,210,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,201,945,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.41B
Range $1.27B – $1.55B · ±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
$633 / 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
Assessed value
$540,335,250
Assessed 2024
Previous assessed
$442,108,350
+22.2% YoY
Assessed land
$21,836,700
Assessed improvement
$518,498,550
Land market value
$48,526,000
Improvement market value
$1,152,219,000
Total market value
$1,200,745,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
66
Units
1
Total area
2,221,336 SF
Lot
1.55 ac (67,387 SF)
Zoning code
C6-4
APN
00706-0017
UPID
US63-1901254
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1,418.9M
COMMERCIAL (GENERAL)
Est. value
$1,827.4M
WAREHOUSE, STORAGE
Est. value
$1,815.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1,201.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
NONE
Stories
66
Buildings
1
Units
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
509 W 34 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
45 ROCKEFELLER PLZ #7, NEW YORK, NY 10111-0100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
509 W 3 Trs, L.l.c.
—
Deed
related
$850,000,000 · Bank Of America, N.a.
Jul 9, 2024
—
509 W 34th, L.l.c.
—
Deed
related
$100,000,000 · Kk-rr Finco, LLC
Sep 7, 2023
—
509 W 34, L.l.c.
—
Deed
related
$100,000,000 · Kk-rr Finco, LLC
Mar 1, 2023
—
509 W 34, L.l.c.
—
Deed
related
$100,000,000 · Kk-rr Finco, LLC
Jun 29, 2022
—
509 W 34, L.l.c.
—
Deed
related
$150,000,000 · Kk-rr Finco, LLC
Mar 7, 2022
—
509 W 34, L.l.c.
—
Deed
related
$100,000,000 · Kk-rr Finco, LLC
Nov 23, 2021
—
LLC 509 W 34
—
Deed
related
$100,000,000 · Kk-rr Finco, LLC
Feb 1, 2019
—
509 W 34 LLC
509 W 34 LLC
Correction Deed
related
—
Apr 16, 2018
—
509 W 34 LLC
—
Grant Deed
related
$1,507,000,000 · Husky Finco LLC
May 8, 2014
$238,000,000
509 W 34 LLC
Broadway Tenth Property LLC
Grant Deed
—
May 8, 2014
$200,000,000
509 W 34 LLC
Sherwood 34 Associates LP
Grant Deed
—
Apr 11, 2014
$4,895,000
Sherwood 34 Associates LP
City Of New York
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.
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