Property profile

622 51st St New York, NY 10019

OFF-MARKET
Warehouses
Property ID
US63-3050133
143,449 SF 0.58 ac lot Built 2019
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Total area 143,449 SF
Lot 0.58 ac (25,150 SF)
Zoning code M2-4
APN 01098-0048
UPID US63-3050133

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
  • Storage Facility
  • Photography Service (Bike/Boat/Book/etc) Store
  • Medical Clinic

Location

622 51st St New York, NY 10019
New York metro Census 13501 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$64.69M
Blend (final) Blend
$65.06M

Owner & transaction history

since 2005
7 recorded transactions
2025
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
2013
Price N/A
2005
$10.0M
1969
Price N/A

Zoning & alternative use

M2-4 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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