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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Warehouses
546 48th St, New York, NY 10036-1102
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0830259
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
8,439 SF
Lot
0.07 ac (3,013 SF)
Zoning code
R8
APN
01076-0056
UPID
US63-0830259
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
-
untitled nyc (Bike/Boat/Book/etc) Store Photography Service
-
Jamie's Auto Body Auto Parts Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.80M
Owner & transaction history
T.s. Realty Co. LLC · 2 yrs held
T.s. Realty Co. LLC
since 2024
7 recorded transactions
Zoning & alternative use
R8 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±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
$450 / 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
$117,750
Tax year 2024
Assessed value
$1,111,690
Assessed 2024
Previous assessed
$1,098,200
+1.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$191,250
Assessed improvement
$920,440
Land market value
$425,000
Improvement market value
$2,236,000
Total market value
$2,661,000
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
1940
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
8,439 SF
Lot
0.07 ac (3,013 SF)
Zoning code
R8
APN
01076-0056
UPID
US63-0830259
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · New York, NY
Zoning R8 · permitted uses
R8 · 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
1940
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
T.s. Realty Co. LLC
Entity
Mailing address
PO BOX 312, NEW YORK, NY 10012-0006
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
T.s. Realty Co. LLC
—
Deed
related
$250,484 · Symetra Life Insurance Company
Dec 21, 2018
—
Ts Realty Co LLC
—
Grant Deed
related
$3,000,000 · Metropolitan Com'l Bk
May 19, 2011
—
Ts Realty Co LLC
—
Trustees Deed
related
$300,000 · Yisroel Aryeh
—
—
T S Realty Co LLC
—
Deed Of Trust
related
$651,228 · Metropolitan Com'l Bk
—
—
Ts Realty Co LLC
—
Deed Of Trust
related
$291,629 · North Fork Bank
—
—
Ts Realty Co LLC
—
Deed Of Trust
related
$950,000 · North Fork Bank
—
—
Ts Realty Co LLC
—
Deed Of Trust
related
$1,209,595 · Metropolitan Commercial Bank
—
—
Ts Realty Co LLC
—
Loan Modification, Consolidation And Extension
related
$2,600,000 · Metropolitan Commercial 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.
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