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Property profile & analytics
FOR SALE
Flex space
633 3Rd Ave, New York, NY 10017
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0119074
For Sale
1 / 2
$1,745,000
633 3Rd Ave, New York, NY 10017
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
14,782 SF
Zoning code
C5-3
APN
01314-1434
UPID
US63-0119074
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
-
Joelle Weiss Attorney Recruiting Law Firm
-
Marcus & Pollack LLP Law Firm
-
Aspen Aesthetic Clinics / New York Medical Clinic
-
VIOL Attic Insulation & Roofing Services New York General Contractor
-
Seth Owusu, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.75M
Owner & transaction history
633 Third 33 Equities LLC · 12 yrs held
633 Third 33 Equities LLC
since 2014
7 recorded transactions
Zoning & alternative use
C5-3 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10%
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
$118 / 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
$313,185
Tax year 2024
Assessed value
$2,956,809
Assessed 2024
Previous assessed
$2,977,514
-0.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$484,940
Assessed improvement
$2,471,869
Land market value
$1,077,644
Improvement market value
$5,792,175
Total market value
$6,869,819
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Heating
NONE
Stories
41
Units
1
Total area
14,782 SF
Zoning code
C5-3
APN
01314-1434
UPID
US63-0119074
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-3 · New York, NY
Zoning C5-3 · permitted uses
C5-3 · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
41
Units
1
Current owner
From public records · entity-resolved
633 Third 33 Equities LLC
Entity
Mailing address
55 5TH AVE, NEW YORK, NY 10003-4301
Ownership since
2014
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 17, 2014
—
633 Third 33 Equities LLC
633 Third Tei Equities LLC
Quit Claim Deed
related
$52,000,000 · Dekabank Deutsche Girozentrale
Jan 17, 2008
—
633 Third Tei Equities LLC
—
Deed Of Trust
related
$115,000,000 · Dekabank Deutsche Girozentrale
Jan 3, 2008
—
633 Third Tei Equities LLC
Macdougal 633 Third Holdings
Quit Claim Deed
related
$60,000,000 · Dekabank Deutsche Girozentrale
Dec 18, 2006
—
633 Third Holdings L Macdougal
—
Deed Of Trust
related
$55,000,000 · Morgan Stanley Mtg Capital INC
Dec 14, 2006
$103,025,000
633 Third Holdings L Macdougal
Empire State Dev Corp
Grant Deed
related
—
—
—
633 Third 33 Equities LLC
—
Loan Modification
related
$52,000,000 · Rbs Citizens NA
—
—
633 Third Tei Equities LLC
—
Loan Modification
related
$89,822,000 · Dekabank Deutsche Girozentrale
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.
Try Rey
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