Financial
Distress signals
Property profile

8 16th St 12 New York, NY 10003

OFF-MARKET
Retail residential properties
Property ID
US63-3251905
20,795 SF 0.12 ac lot Built 1925
Last sale Jun 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,100-square-foot medical office space is available for lease at 8 East 16th Street in the heart of New York City, New York County. The property is a single-tenant building, offering complete exclusivity and control to the future occupant. The entire 2,100 square feet is currently vacant, providing a blank canvas for a medical practice to design and build out their ideal space. Located in the vibrant and accessible 10003 zip code, this property benefits from excellent

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$248k
Tax billed · 2024
Assessed value$1.99M
Assessed land$473k
Assessed improvement$1.51M
Effective rate12.50%

Value estimate

· Sep 2026
$6.39M
$5.75M – $7.03M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$846/SF
ZIP average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$465 – $1,352
Qualifying comparables10

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?
C62A
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home14.0
Auto Parts Store12.2
Assisted Living Facility10.7

Location

8 16th St, Unit 12 New York, NY 10003-3135
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
245-247 13th, New York, NY 10003 $26,000,000 May 2025 17,010 SF
243 13th, New York, NY 10003-5651 $26,000,000 May 2025 13,878 SF
345-347 12th, New York, NY 10003 $224,835,274 Jan 2025 21,574 SF
19-23 Saint Marks, New York, NY 10003 $27,500,000 Nov 2024 15,851 SF
226 3rd, New York, NY 10003-2505 $10,300,000 Oct 2024 12,816 SF
131 2nd, New York, NY 10003-8331 $29,000,000 May 2024 17,518 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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