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Property profile & analytics
OFF-MARKET
Estimated value
$7,420,000
Office buildings
838 Ave Of The Americas 2nd Fl 2 New York, NY 10001-4194
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1823324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1911
Total area
26,314 SF
Lot
0.11 ac (4,940 SF)
Zoning code
C64X
APN
00831-0002
UPID
US63-1823324
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
$7.42M
Owner & transaction history
Kanamori America INC. · 3 yrs held
Kanamori America INC.
since 2023
5 recorded transactions
Zoning & alternative use
C64X · 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
$282 / 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
$294,564
Tax year 2024
Assessed value
$2,933,910
Assessed 2024
Previous assessed
$2,762,100
+6.2% YoY
Effective rate
10.04%
On assessed value
Assessed land
$1,233,000
Assessed improvement
$1,700,910
Land market value
$2,740,000
Improvement market value
$3,440,000
Total market value
$6,180,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1911
Heating
NONE
Buildings
1
Stories
6
Units
7
Total area
26,314 SF
Lot
0.11 ac (4,940 SF)
Zoning code
C64X
APN
00831-0002
UPID
US63-1823324
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64X · New York, NY
Zoning C64X · permitted uses
C64X · 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
1911
Heating
NONE
Stories
6
Buildings
1
Units
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kanamori America INC.
Entity
Free & Clear · 3 yrs held
Mailing address
838 AVE OF THE AMERICAS 2ND FL #2, NEW YORK, NY 10001-4194
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
Yung Brothers Real Estate Co., INC.
—
Deed
related
$1,125,984 · Cathay Bank
May 4, 2023
$4,200,000
Kanamori America INC.
838 2nd Ave LLC
Deed
—
Mar 8, 2022
—
424 W Broadway LLC
—
Deed
related
$5,200,000 · Maxim Credit Group, LLC
Jul 22, 2021
$2,788,425
838 2nd Ave LLC
Palm Management Corporation
Deed
—
Dec 6, 2017
—
Palm Management Corp
—
Deed
related
$4,300,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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