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Property profile & analytics
OFF-MARKET
Estimated value
$12,550,000
Apartment buildings
69 Leonard St New York, NY 10013-3442
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1259165
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
14,425 SF
Lot
0.07 ac (2,885 SF)
Zoning code
C62A
APN
00174-0011
UPID
US63-1259165
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
-
CGW Construction - NYC Renovation Construction Company
-
Shion 69 Leonard Street Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.46M
Blend (final)
Blend
$12.55M
Owner & transaction history
Sa 251 Church Owner LLC · 1 yrs held
Sa 251 Church Owner LLC
since 2024
Last sale
$12.6M
6 recorded transactions
Zoning & alternative use
C62A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$19.9M
+155.1%
Retail stores
$18.8M
+140.6%
Office building
$12.7M
+62.6%
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
$12,550,000
ML approach
$12,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,805,000
Current use
INDUSTRIAL (GENERAL)
$19,915,000
Change: +155% · Conversion: Difficult
RETAIL STORES
$18,780,000
Change: +141% · Conversion: Difficult
OFFICE BUILDING
$12,695,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,895,000
Change: +52% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,790,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$12.55M
Range $11.30M – $13.81M · ±10% · vs last sale $12.55M (Aug 30 2024)
Last sale anchor
$12.55M
Aug 30 2024
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
$870 / 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
$278,820
Tax year 2024
Assessed value
$2,230,200
Assessed 2024
Previous assessed
$2,178,042
+2.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$158,110
Assessed improvement
$2,072,090
Land market value
$558,000
Improvement market value
$7,312,800
Total market value
$7,870,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
7
Total area
14,425 SF
Lot
0.07 ac (2,885 SF)
Zoning code
C62A
APN
00174-0011
UPID
US63-1259165
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$19.9M
RETAIL STORES
Est. value
$18.8M
OFFICE BUILDING
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$11.9M
WAREHOUSE, STORAGE
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1910
Heating
NONE
Stories
5
Buildings
1
Units
7
Lot
0.07 ac
Current owner
From public records · entity-resolved
Sa 251 Church Owner LLC
Entity
Mailing address
69 LEONARD ST APT 2B, NEW YORK, NY 10013-3442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$12,550,000
Sa 251 Church Owner LLC
251 Church Street LLC
Deed
—
Oct 16, 2019
—
251 Church Street LLC
—
Deed
related
$6,899,882 · Israel Discount Bk/ny
Jan 8, 2015
—
251 Church Street LLC
Gg1 LLC
Deed
$7,300,000 · New York Cmnty Bk
Jan 23, 2013
$2,669,333
Gg1 LLC
Randall Co LLC
Grant Deed
—
May 19, 2006
—
Randall Co LLC
Randall
Quit Claim Deed
related
—
—
—
251 Church Street LLC
—
Loan Modification
related
$6,899,882 · Israel Discount Bk/ny
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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