Entity Owned Property summary
AI-generated overview
This exceptional five-story mixed-use building, located at 717 East 5th Street in the vibrant East Village of Manhattan, presents a compelling investment opportunity. Built in 1920, the property boasts 10,000 square feet on a 2,425 square foot lot and features 22 units, offering a strong annual net operating income (NOI) of $381,181. The building's permitted zoning is R8B, allowing for potential future development or renovations. Situated in a highly desirable location, this fee-simple ownership property benefits from the area's thriving retail scene and diverse population. The building's classic architecture blends seamlessly with the neighborhood's unique character, providing a timeless appeal. This prime investment is ideal for owner-users or investors seeking a stable, high-performing asset in one of New York City's most sought-after neighborhoods. The property is offered as a 1031 exchange opportunity. All offers must include pre-approval, proof of funds, and attorney information.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1958
Total area
23,128 SF
Zoning code
C52.5
APN
01291-1302
UPID
US63-3946841
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement General Contractor
-
HVAC Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$963.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$963.00M
Owner & transaction history
since 2024
Last sale
$963.0M
3 recorded transactions
Zoning & alternative use
C52.5 · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$963.00M
Value range
$866.70M – $1.06B
±10% around blend
Estimated value / SF
$41,638 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$866.70M
blend $963.00M
$1.06B
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,128 SF
Year built
1958
Stories
26
APN
01291-1302
Zoning
C52.5
Assessed value
$6,529,982
Annual tax
$624,598
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$7.50M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 27,000 SF
3.5 mi away · 24,193 SF
5.9 mi away · 18,400 SF
9.6 mi away · 21,920 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$963.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$10,251
+306%
Submarket 496 sales
$2,068
+1,914%
County 496 sales
$2,068
+1,914%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $41,638/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$963.00M
Move the market yield to see immediate price impact.
Value / SF
$41,638
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$60.67M
$1.21B
$866.70M
$674.10M
$67.41M
$1.35B
$963.00M
$749.00M
$74.15M
$1.48B
$1.06B
$823.90M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$7.50M
1.5 mi · Jan 2026 · $282/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$624,598
Tax year 2024
Assessed value
$6,529,982
Assessed 2024
Previous assessed
$6,809,468
-4.1% YoY
Effective rate
9.57%
On assessed value
Assessed land
$1,810,728
Assessed improvement
$4,719,254
Land market value
$4,023,840
Improvement market value
$9,080,351
Total market value
$13,104,191
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1958
Heating
NONE
Buildings
1
Stories
26
Units
1
Total area
23,128 SF
Zoning code
C52.5
APN
01291-1302
UPID
US63-3946841
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NYZoning C52.5 · permitted uses
C52.5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
26
Buildings
1
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C52.5
Jurisdiction
New York, NY
Recorded code
C52.5
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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