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Property profile & analytics
OFF-MARKET
Estimated value
$482,345,000
Office buildings
592 7th Ave New York, NY 10036
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1447065
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
1,100,000 SF
Lot
0.62 ac (27,156 SF)
Zoning code
C6-7
APN
01013-0029
UPID
US63-1447065
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$482.35M
Owner & transaction history
Rxr 5ts Owner LLC · 1 yrs held
Rxr 5ts Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
C6-7 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$702,635,000
Current use
APARTMENT HOUSE (5+ UNITS)
$595,200,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$482.35M
Range $434.11M – $530.58M · ±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
$438 / 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
Assessed value
$212,842,470
Assessed 2024
Previous assessed
$221,501,250
-3.9% YoY
Assessed land
$5,756,400
Assessed improvement
$207,086,070
Land market value
$12,792,000
Improvement market value
$468,977,000
Total market value
$481,769,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
38
Units
4
Total area
1,100,000 SF
Lot
0.62 ac (27,156 SF)
Zoning code
C6-7
APN
01013-0029
UPID
US63-1447065
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-7 · New York, NY
Zoning C6-7 · permitted uses
C6-7 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$702.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$595.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
38
Buildings
1
Units
4
Lot
0.62 ac
Current owner
From public records · entity-resolved
Rxr 5ts Owner LLC
Entity
Mailing address
110 WILLIAM ST RM #900, NEW YORK, NY 10038-3946
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Rxr 5ts Owner LLC
—
Deed
related
$40,000,000 · Corebridge Institutional Investments (u.
Jun 24, 2025
$8,000,000
Rxr 5ts Owner LLC
The City Of New York
Deed
$561,636,837 · Corebridge Institutional Investmant
Nov 12, 2024
$360,000,000
5ts Holdings, LLC
Rxr 5ts Senior Mezz I LLC
Deed
—
Nov 8, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$25,000,000 · Corebridge Institutional Investments (u.
May 22, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$3,363,162 · Athene Annuity And Life Company Doing Bu
Apr 23, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$6,834,724 · Athene Annuity And Life Company
Mar 19, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$7,643,499 · Athene Annuity And Life Company Doing Bu
Feb 22, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$7,814,419 · Athene Annuity And Life Company Doing Bu
Jan 19, 2024
—
Rxr 5ts Owner LLC
—
Deed
related
$6,271,176 · Athene Annuity And Life Company, Doing B
Dec 29, 2023
—
Rxr 5ts Owner LLC
—
Deed
related
$9,089,700 · Athene Annuity And Life Company
Nov 29, 2023
—
Rxr 5ts Owner LLC
—
Deed
related
$9,102,745 · Athene Annuity And Life Company
Oct 19, 2023
—
Rxr 5ts Owner LLC
—
Deed
related
$3,915,054 · Athene Annuity And Life Company Doing Bu
Sep 22, 2023
—
Rxr 5ts Owner LLC
—
Deed
related
$4,280,249 · Athene Annuity And Life Company
Aug 23, 2023
—
Rxr 5ts Owner LLC
—
Deed
related
$8,453,393 · Athene Annuity And Life Company
Sep 28, 2022
—
Rxr 5ts Owner LLC
—
Deed
related
$10,000,000 · Athene Annuity And Life Company Doing Bu
Apr 22, 2022
—
Amazon.com, INC.
Shareholders Of Mgm Holdings INC.
Deed
—
Mar 20, 2017
—
Rxr 5ts Owner LLC
—
Loan Modification
related
$1,139,000,000 · Morgan Stanley Bk
Jun 20, 2014
—
Square Acquisition LLC
—
Loan Modification
related
$1,139,000,000 · Us Bank NA #2007-c30 (ce)
Nov 28, 2012
—
City Of New York
42nd St Dev Project INC
Grant Deed
—
Feb 23, 2007
—
Avr Crossroads LLC
—
Grant Deed
related
$1,139,000,000 · Wachovia Bk/ga
Jan 20, 2004
—
No 5 Times Square Development
—
Deed Of Trust
related
$265,000,000 · Fleet National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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