Property profile

685 1st Avegu New York, NY 10016

OFF-MARKET
Parking lots & garages
Property ID
US63-0295215
24,105 SF 0.74 ac lot Built 2016
Entity Owned Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2016
Total area 24,105 SF
Lot 0.74 ac (32,364 SF)
Zoning code C5-2
APN 00945-1251
UPID US63-0295215

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

685 1st Avegu New York, NY 10016-2317
New York metro Census 8800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.82M
Blend (final) Blend
$14.08M

Owner & transaction history

since 2025
Last sale
$15.8M
3 recorded transactions
2025
$145.8M
2025
$15.8M
2022
$387.5M

Zoning & alternative use

C5-2 · 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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