Financial
Distress signals
Property profile

641 Lexington Ave New York, NY 10022

OFF-MARKET
Office buildings
Property ID
US63-3742614
426,775 SF 0.58 ac lot Built 1964
Last sale Jun 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This office property contains approximately 12,153 square feet and is configured for professional use with 4 executive offices and 8 private offices, along with two conference rooms sized for 10–12 people each and two additional conference rooms sized for up to 6 people each. An open-plan area provides seating for about 36 people and includes an eat-in pantry, a reception area, and separate mail and storage rooms. Communications infrastructure includes CAT 6A cabling and is set up to

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5.03M
Tax billed · 2024
Assessed value$47.51M
Assessed land$9.50M
Assessed improvement$38.01M
Effective rate10.59%

Value estimate

· Sep 2026
$61.75M
$55.58M – $67.93M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$442/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$25 – $784
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C64.5
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher11.5
Laundromat7.2
Auto Parts Store7.0

Location

641 Lexington Ave New York, NY 10022-4503
County assessor Recorded deeds · 9 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
560 Lexington, New York, NY 10022-6828 $25,000,000 Oct 2023 345,743 SF
425 Park, New York, NY 10022-3506 $27,948,000 Apr 2023 666,996 SF
850 3rd, New York, NY 10022-6222 $265,934,183 Mar 2023 574,675 SF
885 3rd, New York, NY 10022-4834 $106,130,579 Dec 2022 554,180 SF
450 Park, New York, NY 10022-2605 $445,000,000 Jun 2022 296,915 SF
10 53rd, New York, NY 10022-5244 $550,847 Apr 2019 366,879 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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