New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,430,000
Parking lots & garages
569 Lexington Ave GARGE, New York, NY 10022-7562
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-5568700
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1960
Total area
47,978 SF
Zoning code
C64.5
APN
01305-1002
UPID
US63-5568700
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
-
Taft Personnel Agency Inc Employment Agency
-
FOUND Study Midtown East Student Housing Center
-
Tiffany Nails & Spa Nail Salon
-
Taste Of Delicatessen Food Market Restaurant
-
HOTEL EN NY Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.43M
Owner & transaction history
Lcr Garage LLC|avr Garage LLC · 11 yrs held
Lcr Garage LLC|avr Garage LLC
since 2015
2 recorded transactions
Zoning & alternative use
C64.5 · 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
$301 / 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
$442,673
Tax year 2024
Assessed value
$4,179,316
Assessed 2024
Previous assessed
$4,206,436
-0.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,257,984
Assessed improvement
$2,921,332
Land market value
$2,795,520
Improvement market value
$7,533,000
Total market value
$10,328,520
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
5
Units
1
Total area
47,978 SF
Zoning code
C64.5
APN
01305-1002
UPID
US63-5568700
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64.5 · New York, NY
Zoning C64.5 · permitted uses
C64.5 · 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
1960
Heating
NONE
Stories
5
Units
1
Current owner
From public records · entity-resolved
Lcr Garage LLC|avr Garage LLC
Entity
Free & Clear · 11 yrs held
Mailing address
401 BROADWAY #171, NEW YORK, NY 10013-3005
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2015
$27,166,000
Lcr Garage LLC|avr Garage LLC
Metlife Insurance Co USA
Grant Deed
—
May 11, 2007
$26,917,668
Metlife Ins Co Of Connecticut
Metropolitan Garage LLC
Grant 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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