Realmo Analytics

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Financial
Distress signals
Property profile

700 8th Avehotel New York, NY 10036

OFF-MARKET
Hotels
Property ID
US63-4230241
460,273 SF Built 1961
Last sale Jun 2024 · $275,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$8.22M
Tax billed · 2024
Assessed value$81.00M
Assessed land$29.07M
Assessed improvement$51.93M
Effective rate10.15%

Value estimate

· Oct 2026
$275.00M
$247.50M – $302.50M
AI approach$275.00M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,469/SF
Submarket average, outlier-cleaned · 239 recorded sales of this use type
Observed band · Q1–Q3$374 – $3,864

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?
C6-4
This district is designed to provide for the wide range of retail, office, amusement and recreation, service, production and related uses...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.2
Pet Grooming Service6.4
Adult Day Care Center1.4

Location

700 8th Avehotel New York, NY 10036-7118
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
306 44th, New York, NY 10036-5419 $218,600,000 Dec 2025 450,000 SF
2 Times Sqhotl, New York, NY 10036-7301 $165,000,000 Oct 2023 201,920 SF
701 7th, New York, NY 10036-1505 $925,344,000 Oct 2023 369,864 SF
150 48th Sthu-1, New York, NY 10036-1522 $290,230,479 Sep 2023 189,311 SF
153 44th, New York, NY 10036 $97,700,000 Jul 2023 471,985 SF
32 48th, New York, NY 10036-1801 $10,292,999 Nov 2018 208,169 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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