Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    560 183rd St New York, NY 10033-8609

    • Residential income homes
    • 3,240 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 21, 2023
    $4,200,000
    Value Estimations
    $3,990,000
    Show details
    Cap Rate Potential
    2.5%
    Residential income homes
    Location Intelligence
    Property ID
    US63-1570178
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • marous / Bead Wholesaler

    Property Details for 560 183rd St

    Year built
    1950
    Lot size
    0.05 lot acres
    Property size
    3,240 SF
    Zone code
    R7-2
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    02154-0148
    APU
    21540148

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,990,000
      ML approach
      $4,015,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,260,000
      WAREHOUSE, STORAGE
      $2,650,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9321
    Latitude
    40.8499
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,691
    $12,600
    $149,040
    $161,640
    -
    $28,000
    $322,000
    $350,000

    Comparable in this City

    • Value Estimation
      $245,000
      2,925 SF

      566 183rd St

      BOARDING/ROOMING HOUSE • 2,925 SF
      566 183rd St, New York, NY 10033-8633
      View Details
    • Value Estimation
      $550,000
      28,850 SF

      507 181st St

      BOARDING/ROOMING HOUSE • 28,850 SF
      507 181st St, New York, NY 10033
      View Details
    • Value Estimation by Request
      2,440 SF

      559 185th St

      BOARDING/ROOMING HOUSE • 2,440 SF
      559 185th St, New York, NY 10033-3212
      View Details
    • Value Estimation
      $240,000
      2,164 SF

      530 187th St

      BOARDING/ROOMING HOUSE • 2,164 SF
      530 187th St, New York, NY 10033-1422
      View Details
    • Value Estimation
      $170,000
      5,836 SF

      566 182nd St

      BOARDING/ROOMING HOUSE • 5,836 SF
      566 182nd St, New York, NY 10033-5013
      View Details
    • Value Estimation
      $205,000
      2,340 SF

      576 183rd St

      BOARDING/ROOMING HOUSE • 2,340 SF
      576 183rd St, New York, NY 10033-8603
      View Details

    Similar Nearby for Sale

    • $599,000

      Residential Property in New York

      Residential property for sale in New York, NY.
      825 W 179Th St, New York, NY 10033
      View Details
    • $665,000

      Cabrini Blvd Multifamily Opportunity

      Multifamily property for sale on Cabrini Blvd, New York.
      250 Cabrini Blvd, New York, NY 10033
      View Details
    • $249,000

      Spacious One Bedroom with Laundry

      Large one-bedroom apartment with in-unit washer/dryer in vibrant neighborhood.
      8 Magaw Pl, New York City, NY 10033
      View Details
    • $949,000

      Cabrini Blvd Apartment Building

      Apartment building for sale on Cabrini Blvd, New York.
      125 Cabrini Blvd, New York, NY 10033
      View Details
    • $875,000

      Apartment Building For Sale

      Apartment building for sale, priced at $875,000.
      180 Cabrini Blvd, New York, NY 10033
      View Details
    • $599,900

      Cabrini Blvd Multifamily Opportunity

      Multifamily property for sale on Cabrini Boulevard, New York.
      160 Cabrini Blvd, New York, NY 10033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,489 SF

      Retail Space in Washington Heights

      Retail space available in a 6-story apartment building.
      1400 Saint Nicholas Ave, New York, NY 10033
      View Details
    • $3,000 /Mo
      700 SF

      Retail Space in Fort George

      700 SF retail space in vibrant Washington Heights neighborhood.
      547 W 186Th St, New York, NY 10033
      View Details
    • $175 SF/Yr
      535 SF

      Manhattan Retail Space for Rent

      Retail space available in the Hudson Heights neighborhood of Manhattan.
      210 Pinehurst Ave, New York, NY 10033
      View Details
    • $1,500 /Mo
      100 SF

      Luxury Spa Room Rental

      Room rental in a renovated luxury spa in Manhattan.
      831 W 181St St, Manhattan, NY 10033
      View Details
    • Contact for pricing
      316 SF

      Retail Spaces Available for Lease

      Retail spaces for lease with signage opportunities in New York.
      554-558 W 181St St, New York, NY 10033
      View Details
    • $11,375 /Mo
      2,275 SF

      Double-Corner Medical Office Space

      2,275 SF professional/medical office near Columbia Presbyterian.
      1 Cabrini Blvd, New York, NY 10033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    560 183rd St
    New York, NY 10033-8609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.