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Property profile & analytics
OFF-MARKET
Estimated value
$11,915,000
Investment properties
701 135th St New York, NY 10031-8300
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-5844326
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1926
Total area
19,186 SF
Lot
0.27 ac (11,873 SF)
Zoning code
M1-1
APN
02101-0058
UPID
US63-5844326
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.92M
Owner & transaction history
Crosscap Holdings LLC · 9 yrs held
Crosscap Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
M1-1 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$15.7M
+12.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,900,000
Current use
WAREHOUSE, STORAGE
$15,680,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$12,255,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$11.92M
Range $10.72M – $13.11M · ±10%
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
$621 / 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
$7,340
Tax year 2024
Assessed value
$1,825,560
Assessed 2024
Previous assessed
$1,792,350
+1.9% YoY
Effective rate
0.40%
On assessed value
Assessed land
$69,300
Assessed improvement
$1,756,260
Land market value
$154,000
Improvement market value
$4,176,000
Total market value
$4,330,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1926
Heating
NONE
Buildings
1
Stories
3
Units
4
Total area
19,186 SF
Lot
0.27 ac (11,873 SF)
Zoning code
M1-1
APN
02101-0058
UPID
US63-5844326
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · New York, NY
Zoning M1-1 · permitted uses
M1-1 · 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
$13.9M
WAREHOUSE, STORAGE
Est. value
$15.7M
OFFICE BUILDING
Est. value
$12.3M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1926
Heating
NONE
Stories
3
Buildings
1
Units
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Crosscap Holdings LLC
Entity
Mailing address
701 W 135TH ST, NEW YORK, NY 10031-8300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2016
$1,090,101
Crosscap Holdings LLC
Crp 701 West 135th Street A Ll
Grant Deed
—
Dec 23, 2015
$8,000,000
Crp 701 West 135th Street A LLC
701 West 135th Street New York LLC
Deed
$810,000 · Maxim Credit Group, LLC
Aug 27, 2010
—
West 135th Street New Yor 701
Auctioneer Of Manhattan County
Trustees Deed
—
Feb 25, 2008
—
P & P Realty Corp
—
Deed Of Trust
related
$11,000,000 · Madison Realty Capital LP
—
—
Crp 701 West 135th Street A Ll
—
Loan Modification, Consolidation And Extension
related
$4,700,000 · Other Institutional Lenders
—
—
West 135th Street New Yor 701
—
Deed Of Trust
related
$150,000 · Cse Mortgage LLC
—
—
West 135th Street New Yor 701
—
Deed Of Trust
related
$4,340,000 · Sterling Real Estate Holding
—
—
Crp 701 West 135th Street A Ll
—
Loan Modification, Consolidation And Extension
related
$5,200,000 · Country Bk
—
—
Crp 701 W 135th Street A LLC
—
Deed Of Trust
related
$300,000 · 701 W 135th Street Lender LLC
—
—
Crp 701 W 135th Street A LLC
—
Loan Modification
related
$5,500,000 · 701 W 135th Street Lender 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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