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Property profile & analytics
OFF-MARKET
Theaters & concert halls
537 26th St 547, New York, NY 10001-5503
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1867203
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1914
Total area
15,254 SF
Lot
0.32 ac (13,825 SF)
Zoning code
M1-5
APN
00698-0010
UPID
US63-1867203
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
-
Rustic Drink's Cafe & Coffee Shop Take-out & Catering
-
Van Arpels (Bike/Boat/Book/etc) Store
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
Vno 537 West 26th Street Owner · 8 yrs held
Vno 537 West 26th Street Owner
since 2018
4 recorded transactions
Zoning & alternative use
M1-5 · 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
$238,058
Tax year 2024
Assessed value
$2,247,524
Assessed 2024
Previous assessed
$1,829,700
+22.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$675,000
Assessed improvement
$1,572,524
Land market value
$1,500,000
Improvement market value
$3,604,000
Total market value
$5,104,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1914
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
15,254 SF
Lot
0.32 ac (13,825 SF)
Zoning code
M1-5
APN
00698-0010
UPID
US63-1867203
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · New York, NY
Zoning M1-5 · permitted uses
M1-5 · 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
1914
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Vno 537 West 26th Street Owner
Individual
Mailing address
210 E STATE RT 4TH 4, PARAMUS, NJ 07652-5108
Ownership since
2018
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
Feb 15, 2018
$44,000,000
Vno 537 West 26th Street Owner
Nwl Real Estate LLC
Grant Deed
—
Jan 3, 2011
—
Nwl Real Estate LLC
Columbia Performing Arts Centr
Grant Deed
—
Sep 23, 2004
$11,375,000
Columbia Performing Arts Centr
Twenty Sixth Street LLC
Grant Deed
—
—
—
Sixth Street Twenty
—
Deed Of Trust
related
$1,800,000 · North Fork 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
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