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Property profile & analytics
OFF-MARKET
Estimated value
$28,570,000
Retail residential properties
69 125th St, New York, NY 10035-1615
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-5583727
Property summary
AI-generated overview
This exceptional 3,531-square-foot retail space is ideally situated at 69 East 125th Street in the vibrant heart of Harlem, New York, NY 10035. The property is a single-tenant space, offering complete flexibility for a wide range of retail businesses. The entire building, totaling 3,531 square feet, is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a prominent location in a high-traffic area. The property's location within New York County provides excellent access to public transportation, ensuring high visibility and convenient access for customers. The address, 69 East 125th Street, is easily recognizable and memorable, contributing to strong brand recognition potential. This is a fantastic opportunity to establish or expand a retail presence in a thriving and dynamic neighborhood. The space is completely vacant, allowing for complete customization to suit the specific needs of the tenant. Serious inquiries are encouraged to explore this exceptional retail opportunity in one of New York City's most exciting and rapidly developing neighborhoods. The property is classified as commercial retail and offers a single tenancy arrangement. This presents a unique opportunity for a business seeking a prominent location in a high-traffic area. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2016
Total area
63,445 SF
Lot
0.25 ac (10,790 SF)
Zoning code
C44D
APN
01750-0028
UPID
US63-5583727
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
-
Fridge No More Take-out & Catering Grocery & Convenience Store
-
MTA Second Avenue Subway Community Information Center Citizen Information Bureau
-
Harlem 125 Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.11M
Comparable Approach
Comparable
$35.90M
Blend (final)
Blend
$28.57M
Owner & transaction history
69e125 Equities LLC · 2 yrs held
69e125 Equities LLC
since 2023
Last sale
$28.2M
7 recorded transactions
Zoning & alternative use
C44D · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$40.5M
+86.3%
Apartment house (5+ units)
$34.3M
+57.9%
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
$26,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,705,000
6.5%
$31,110,000
7%
$28,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$21,750,000
Current use
OFFICE BUILDING
$40,525,000
Change: +86% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$34,330,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$28.57M
Range $25.71M – $31.43M · ±10% · vs last sale $28.20M (Oct 19 2023)
Last sale anchor
$28.20M
Oct 19 2023
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
$450 / 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
$137,166
Tax year 2024
Assessed value
$6,199,200
Assessed 2024
Previous assessed
$5,977,800
+3.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$194,400
Assessed improvement
$6,004,800
Land market value
$432,000
Improvement market value
$13,862,000
Total market value
$14,294,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
1
Stories
12
Units
76
Total area
63,445 SF
Lot
0.25 ac (10,790 SF)
Zoning code
C44D
APN
01750-0028
UPID
US63-5583727
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C44D · New York, NY
Zoning C44D · permitted uses
C44D · 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
$21.8M
OFFICE BUILDING
Est. value
$40.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$34.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2016
Heating
NONE
Stories
12
Buildings
1
Units
76
Lot
0.25 ac
Current owner
From public records · entity-resolved
69e125 Equities LLC
Entity
Mailing address
316 W 118TH ST, NEW YORK, NY 10026-1003
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$28,200,000
69e125 Equities LLC
69 East 125 Street Owner LLC
Deed
—
Sep 12, 2018
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$32,000,000 · Santander Bk NA
Jul 8, 2015
—
69 East 125 Street Owner LLC
—
Loan Modification, Consolidation And Extension
related
$21,350,000 · Other Institutional Lenders
Dec 31, 2014
$6,325,000
69 East 125 Street Owner LLC
Parade Place LLC
Grant Deed
—
Dec 31, 2014
—
69 East 125 Owner LLC
—
Loan Modification, Consolidation And Extension
related
$11,500,000 · Maxim Credit Group LLC
Feb 22, 2006
$1,775,000
Parade Place LLC
69 East 125 LLC
Grant Deed
$419,244 · New York Community Bank
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$21,350,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,000,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$21,350,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$32,000,000 · Santander Bk NA
—
—
Parade Place LLC
—
Deed Of Trust
related
$300,000 · 99 Associates INC
—
—
69 East 125 LLC
—
Deed Of Trust
related
$735,000 · Astoria Federal S&l Assn
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,500,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$4,000,000 · Other Institutional Lenders
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$20,500,000 · Other Institutional Lenders
—
—
69 East 125 Street Owner LLC
—
Deed Of Trust
related
$2,500,000 · Maxim Credit Group LLC Maxim Credit Group LLC
—
—
Parade Place LLC
—
Deed Of Trust
related
$475,000 · 99 Associates INC
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,500,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,000,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$3,350,000 · Other Institutional Lenders
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$21,350,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,500,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Loan Modification
related
$2,000,000 · Santander Bk NA
—
—
69 East 125 Street Owner LLC
—
Deed Of Trust
related
$850,000 · Maxim Credit Group LLC Maxim Credit Group LLC
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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