Entity Owned 
For Lease
1 / 14
$1,860,000
60 East 56Th St, New York, NY 10022
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
4,627 SF
Lot
0.04 ac (1,608 SF)
Zoning code
C5-P
APN
01271-0068
UPID
US63-0779321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Spa & Massage Center Alternative Medicine Practice
-
Physician Medical Clinic
-
Medical Clinic
-
Dental Office
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
C5-P · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.86M
Value range
$1.67M – $2.05M
±10% around blend
Estimated value / SF
$402 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$1.67M
blend $1.86M
$2.05M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,627 SF
Lot area
0.04 ac
Year built
1900
Stories
5
APN
01271-0068
Zoning
C5-P
Assessed value
$1,051,920
Annual tax
$131,511
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.27M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.46M
@ 6.5% CAP return
$2.27M
@ 7% CAP return
$2.11M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$131,511
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.64M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 5,166 SF
1.4 mi away · 4,356 SF
2.4 mi away · 4,002 SF
2.7 mi away · 4,895 SF
2.7 mi away · 5,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.86M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 39 sales
$687
-42%
Submarket 1320 sales
$725
-45%
County 1319 sales
$722
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $402/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.95M
Move the market yield to see immediate price impact.
Value / SF
$638
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$186k
$3.72M
$2.66M
$2.07M
$207k
$4.13M
$2.95M
$2.29M
$227k
$4.54M
$3.25M
$2.52M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$3.00M
0.7 mi · Mar 2026 · $749/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$131,511
Tax year 2024
Assessed value
$1,051,920
Assessed 2024
Previous assessed
$1,397,500
-24.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$231,060
Assessed improvement
$820,860
Land market value
$1,510,000
Improvement market value
$5,364,400
Total market value
$6,874,400
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
9
Total area
4,627 SF
Lot
0.04 ac (1,608 SF)
Zoning code
C5-P
APN
01271-0068
UPID
US63-0779321
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-P · New York, NYZoning C5-P · permitted uses
C5-P · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
9
Lot
0.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C5-P
Jurisdiction
New York, NY
Recorded code
C5-P
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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