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    Property profile & analytics

    609 5th Avelu New York, NY 10017-1021

    • Retail space
    • 25,892 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 02, 2020
    Location Intelligence
    Property ID
    US63-1897398
    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

    • Retail space

    Property Details for 609 5th Avelu

    Property size
    25,892 SF
    Zone code
    C5-3
    Property type
    Retail space
    APN
    01284-1001
    APU
    12841001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9773
    Latitude
    40.7575
    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
    $2,655,239
    $1,077,804
    $23,990,536
    $25,068,340
    -
    $2,395,120
    $58,276,000
    $60,671,120

    Comparable in this City

    • Value Estimation by Request
      6,243 SF

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      RETAIL STORES (PERSONAL SERVICES) • 6,243 SF
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      View Details
    • Value Estimation by Request
      2,199 SF

      222 44th Stret

      RETAIL STORES (PERSONAL SERVICES) • 2,199 SF
      222 44th Stret, New York, NY 10017-4334
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    • Value Estimation by Request
      1,597 SF

      346 49th Stcomm

      RETAIL STORES (PERSONAL SERVICES) • 1,597 SF
      346 49th Stcomm, New York, NY 10017-1642
      View Details
    • Value Estimation by Request
      3,856 SF

      250 49th St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 3,856 SF
      250 49th St, New York, NY 10017-1578
      View Details
    • Value Estimation by Request
      2,417 SF

      237 Park Averetb

      RETAIL STORES (PERSONAL SERVICES) • 2,417 SF
      237 Park Averetb, New York, NY 10017-3140
      View Details
    • Value Estimation
      $295,000
      712 SF

      866 United Nations Plz, Unit 161

      RETAIL STORES (PERSONAL SERVICES) • 712 SF
      866 United Nations Plz, New York, NY 10017-1822
      View Details

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    Similar Nearby for Lease

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      Retail space with high foot traffic near Grand Central Terminal.
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    New York, NY 10017-1021
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    Realmo Value Estimation

    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.

    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.

    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
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