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Property profile & analytics
OFF-MARKET
Estimated value
$12,215,000
Hospitals
530 74th St New York, NY 10021-3459
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-3953365
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2015
Total area
757,439 SF
Lot
0.91 ac (39,547 SF)
Zoning code
C1-9
APN
01485-0015
UPID
US63-3953365
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
-
Aaron D. Goldberg, MD, PhD - MSK Leukemia Specialist Physician
-
Helena A. Yu, MD - MSK Thoracic Oncologist & Early Drug Development Specialist Physician
-
Veronica Rotemberg, MD, PhD - MSK Dermatologist Physician Medical Clinic
-
Alexander M. Lesokhin, MD - MSK Myeloma Specialist & Cellular Therapist Physician
-
Alexander Drilon, MD - MSK Thoracic Oncologist & Early Drug Development Specialist Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.22M
Blend (final)
Blend
$12.22M
Owner & transaction history
New York City Land Dev Corp · 11 yrs held
New York City Land Dev Corp
since 2015
1 recorded transaction
Zoning & alternative use
C1-9 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.7M
+158.4%
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
MEDICAL BUILDING
$7,620,000
Current use
OFFICE BUILDING
$19,685,000
Change: +158% · Conversion: Easy
Blend value · Realmo final
$12.22M
Range $10.99M – $13.44M · ±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
$16 / 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
$141,438,060
Assessed 2024
Previous assessed
$150,678,900
-6.1% YoY
Assessed land
$7,182,000
Assessed improvement
$134,256,060
Land market value
$15,960,000
Improvement market value
$325,774,000
Total market value
$341,734,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
1
Stories
24
Units
1
Total area
757,439 SF
Lot
0.91 ac (39,547 SF)
Zoning code
C1-9
APN
01485-0015
UPID
US63-3953365
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1-9 · New York, NY
Zoning C1-9 · permitted uses
C1-9 · 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
MEDICAL BUILDING Current
Est. value
$7.6M
OFFICE BUILDING
Est. value
$19.7M
MEDICAL BUILDING Current
OFFICE BUILDING
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
2015
Heating
NONE
Stories
24
Buildings
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
New York City Land Dev Corp
Entity
Free & Clear · 11 yrs held
Mailing address
633 3RD AVE FL #4, NEW YORK, NY 10017-6943
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2015
—
New York City Land Dev Corp
City Of New York
Quit Claim 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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