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Property profile & analytics
OFF-MARKET
Office Spaces
550 Washington St B New York, NY 10014-3627
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5494837
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1934
Total area
331,724 SF
Lot
4.91 ac (213,662 SF)
Zoning code
C6-3
APN
00596-1102
UPID
US63-5494837
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
-
Google Hudson Square Corporate Office
-
nj transit Freight Service Logistics Company
-
St. John's Terminal Business Service Center Corporate Office
-
GOOGLE Corporate Office
-
Pier 57 Corporate Office
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
Aci Vi Clarkson LLC · 3 yrs held
Aci Vi Clarkson LLC
since 2022
Last sale
$340.0M
3 recorded transactions
Zoning & alternative use
C6-3 · 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
$569,293
Tax year 2024
Assessed value
$5,374,741
Assessed 2024
Previous assessed
$5,374,741
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$5,374,741
Land market value
$11,943,869
Total market value
$11,943,869
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1934
Heating
NONE
Stories
13
Units
1
Total area
331,724 SF
Lot
4.91 ac (213,662 SF)
Zoning code
C6-3
APN
00596-1102
UPID
US63-5494837
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-3 · New York, NY
Zoning C6-3 · permitted uses
C6-3 · 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
1934
Heating
NONE
Stories
13
Units
1
Lot
4.91 ac
Current owner
From public records · entity-resolved
Aci Vi Clarkson LLC
Entity
Mailing address
40 W 57TH ST FL #29, NEW YORK, NY 10019-4001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Breds IV Loan Holdings L.l.c.
—
Deed
related
—
Jul 15, 2022
$340,000,000
Aci Vi Clarkson LLC
Sjc Owner 2015, LLC
Deed
$174,720,000 · Breds IV Mortgage L.l.c.
Jul 15, 2022
—
Aci Vi Clarkson LLC
—
Deed
related
$45,346,531 · Breds IV Mortgage L.l.c.
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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