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Property profile & analytics
OFF-MARKET
Estimated value
$178,080,000
Hotels
763 8th Ave, New York, NY 10036-7004
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-6245698
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Total area
243,912 SF
Lot
0.34 ac (14,752 SF)
Zoning code
C6-4
APN
01037-0034
UPID
US63-6245698
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
$178.08M
Owner & transaction history
741 Eighth Avenue Owners LLC · 13 yrs held
741 Eighth Avenue Owners LLC
since 2012
6 recorded transactions
Zoning & alternative use
C6-4 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$730 / 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
$3,585,486
Tax year 2024
Assessed value
$33,850,890
Assessed 2024
Previous assessed
$31,051,800
+9.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$4,838,850
Assessed improvement
$29,012,040
Land market value
$10,753,000
Improvement market value
$67,534,000
Total market value
$78,287,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
1
Stories
27
Units
2
Total area
243,912 SF
Lot
0.34 ac (14,752 SF)
Zoning code
C6-4
APN
01037-0034
UPID
US63-6245698
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · 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.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
27
Buildings
1
Units
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
741 Eighth Avenue Owners LLC
Entity
Mailing address
614 CORPORATE WAY STE 3M, VALLEY COTTAGE, NY 10989-2026
Ownership since
2012
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
Sep 26, 2012
—
741 Eighth Avenue Owners LLC
Hsf New York INC
Grant Deed
related
—
Aug 13, 2012
$111,117,750
Hsf New York INC
West 46th Street LLC
Grant Deed
related
—
Aug 3, 2011
$76,304,843
West 46th Street LLC
Eighth & 46th LP
Grant Deed
related
—
Sep 11, 2008
—
Eighth & 46th
—
Grant Deed
related
$13,721,604 · Bank Of Scotland
Feb 20, 2008
—
Eighth & 46th
—
Grant Deed
related
$14,761,004 · Bank Of Scotland
Sep 11, 2007
$9,917,586
303 West 46th Street LLC
763 Holding Corp
Grant Deed
—
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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