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Property profile & analytics
OFF-MARKET
Estimated value
$53,750,000
Office buildings
63 Crosby St New York, NY 10012-4750
Entity Owned
Absentee Owner
Property ID
US63-3483919
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1900
Total area
27,930 SF
Lot
0.12 ac (5,429 SF)
Zoning code
M15R7D
APN
00482-0013
UPID
US63-3483919
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
-
HalfDays Clothing Store
-
NYC Discount Tree Service & Pruning Landscaping General Contractor
-
SIR. New York Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$54.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.75M
Owner & transaction history
61 Crosby Owner LLC
61 Crosby Owner LLC
since 2026
Last sale
$53.0M
5 recorded transactions
Zoning & alternative use
M15R7D · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$64.6M
+261.9%
Retail stores
$54.3M
+204.6%
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
$54,500,000
ML approach
$54,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$64,555,000
Change: +262% · Conversion: Difficult
RETAIL STORES
$54,340,000
Change: +205% · Conversion: Moderate
Blend value · Realmo final
$53.75M
Range $48.38M – $59.13M · ±10% · vs last sale $53.00M (Jan 12 2026)
Last sale anchor
$53.00M
Jan 12 2026
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
$1,924 / 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
$366,784
Tax year 2024
Assessed value
$3,462,840
Assessed 2024
Previous assessed
$3,267,900
+6.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,188,000
Assessed improvement
$2,274,840
Land market value
$2,640,000
Improvement market value
$5,293,000
Total market value
$7,933,000
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
1900
Heating
NONE
Buildings
2
Stories
5
Units
6
Total area
27,930 SF
Lot
0.12 ac (5,429 SF)
Zoning code
M15R7D
APN
00482-0013
UPID
US63-3483919
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R7D · New York, NY
Zoning M15R7D · permitted uses
M15R7D · 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
AUTO REPAIR, GARAGE
Est. value
$64.6M
RETAIL STORES
Est. value
$54.3M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Heating
NONE
Stories
5
Buildings
2
Units
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
61 Crosby Owner LLC
Entity
Mailing address
845 3RD AVE FL #4, NEW YORK, NY 10022-6647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
$53,000,000
61 Crosby Owner LLC
Soho Retail Portfolio 61-63 Crosby
Deed
—
Nov 25, 2024
$54,500,000
Soho Retail Portfolio 61-63 Crosby
6163 Crosby Street INC.
Deed
—
—
—
Halebid Corp
—
Loan Modification, Consolidation And Extension
related
$500,000 · Dime Svgs Bk/williamsburgh
—
—
Halebid Corp
—
Loan Modification
related
$419,090 · Dime Svgs Bk/williamsburgh
—
—
Halebid Corp
—
Deed Of Trust
related
$490,000 · Dime Savings Bank Williamsburg
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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