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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Investment properties
796 Lexington Ave New York, NY 10065-8154
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2209230
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
5,430 SF
Lot
0.03 ac (1,406 SF)
Zoning code
C18X
APN
01396-0156
UPID
US63-2209230
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
-
Milanos Tailors (Bike/Boat/Book/etc) Store
-
Embassy Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Vantage Management Nyc LLC · 1 yrs held
Vantage Management Nyc LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
C18X · 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
Method
Estimation
Statistic approach
$2,680,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,665,000
7%
$2,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,435,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10% · vs last sale $4.00M (Jan 6 2025)
Last sale anchor
$4.00M
Jan 6 2025
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
$599 / 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
$160,681
Tax year 2024
Assessed value
$1,285,245
Assessed 2024
Previous assessed
$1,285,245
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$601,469
Assessed improvement
$683,776
Land market value
$1,710,000
Improvement market value
$1,944,000
Total market value
$3,654,000
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
5
Units
5
Total area
5,430 SF
Lot
0.03 ac (1,406 SF)
Zoning code
C18X
APN
01396-0156
UPID
US63-2209230
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C18X · New York, NY
Zoning C18X · permitted uses
C18X · 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
WAREHOUSE, STORAGE
Est. value
$4.4M
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
5
Lot
0.03 ac
Current owner
From public records · entity-resolved
Vantage Management Nyc LLC
Entity
Mailing address
796 LEXINGTON AVE, NEW YORK, NY 10065-8154
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Vantage Management Nyc LLC
—
Deed
related
$2,500,000 · Newbank
Jan 6, 2025
$4,000,000
Vantage Management Nyc LLC
Bdnw, LLC
Deed
—
Sep 11, 2017
—
Bdnw LLC
—
Loan Modification, Consolidation And Extension
related
$4,600,000 · Td Bk NA
Nov 30, 2007
—
Bdnw LLC
New Embassy Liquors INC
Intrafamily Transfer
related
—
Jun 14, 2007
$4,240,000
New Embassy Liquors INC
Emily Heller
Deed
$3,457,137 · G4 Capital Partners LLC
Jun 14, 2007
—
Jonathan Heller
Heller,garson F
Quit Claim Deed
related
—
—
—
New Embassy Liquors INC
—
Deed Of Trust
related
$143,999 · City & Suburban Fsb
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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