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Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Investment properties
624 9th St, New York, NY 10009-5297
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-1247041
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
3,360 SF
Lot
0.03 ac (1,520 SF)
Zoning code
R8B
APN
00391-0019
UPID
US63-1247041
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
-
Voro Motors Manhattan - Authorized Dealer (Bike/Boat/Book/etc) Store Motorcycle Shop
-
VIP Electric Scooter Rentals NYC Car Rental Facility
-
Inokim Electric Scooter Shop and Service in New York since 2016. Purchase / Repairs / Rentals (Bike/Boat/Book/etc) Store Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
East 9th Street Partners LLC · 6 yrs held
East 9th Street Partners LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
R8B · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+108.1%
Warehouse, storage
$2.7M
+29.3%
Office building
$2.1M
+1.1%
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
$3,015,000
ML approach
$3,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,125,000
Current use
RETAIL STORES
$4,420,000
Change: +108% · Conversion: Easy
WAREHOUSE, STORAGE
$2,745,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$2,145,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±10% · vs last sale $3.30M (Jan 22 2020)
Last sale anchor
$3.30M
Jan 22 2020
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
$939 / 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
$12,597
Tax year 2024
Assessed value
$100,760
Assessed 2024
Previous assessed
$99,441
+1.3% YoY
Effective rate
12.50%
On assessed value
Assessed land
$8,688
Assessed improvement
$92,072
Land market value
$224,000
Improvement market value
$2,374,000
Total market value
$2,598,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
4
Units
4
Total area
3,360 SF
Lot
0.03 ac (1,520 SF)
Zoning code
R8B
APN
00391-0019
UPID
US63-1247041
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NY
Zoning R8B · permitted uses
R8B · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1910
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
East 9th Street Partners LLC
Entity
Free & Clear · 6 yrs held
Mailing address
335 BOND ST, BROOKLYN, NY 11231-5005
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
$5,200,000
East 9th Street Partners LLC
624 East 9th Street LLC
Grant Deed
—
Jan 22, 2020
—
East 9th Street Partners LLC
—
Deed
related
$3,280,592 · Ubs Bk USA
Sep 26, 2018
—
624 East 9th Street LLC
—
Deed
related
$1,370,000 · Modern Bk NA
Nov 28, 2016
$3,300,000
624 East 9th Street LLC
Allen L Leslie
Deed
$1,980,000 · Valley National Bank
—
—
East 9th Street Partners LLC
—
Loan Modification
related
$3,280,592 · Ubs Bk USA
—
—
624 East 9th Street LLC
—
Loan Modification
related
$3,350,000 · Modern Bk NA
—
—
624 East 9th Street LLC
—
Deed Of Trust
related
$1,370,000 · Modern Bk NA
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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