Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,460,000
Retail residential properties
85 Chambers St New York, NY 10007-1807
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-0791425
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
19,000 SF
Lot
0.09 ac (3,762 SF)
Zoning code
C63A
APN
00149-0006
UPID
US63-0791425
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
-
Nelly's Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.46M
Owner & transaction history
67 Reade LLC · 8 yrs held
67 Reade LLC
since 2017
7 recorded transactions
Zoning & alternative use
C63A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,095,000
6.5%
$9,315,000
7%
$8,650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,135,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$7.46M
Range $6.71M – $8.21M · ±10%
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
$393 / 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
$293,849
Tax year 2024
Assessed value
$2,787,210
Assessed 2024
Previous assessed
$2,697,750
+3.3% YoY
Effective rate
10.54%
On assessed value
Assessed land
$225,000
Assessed improvement
$2,562,210
Land market value
$500,000
Improvement market value
$5,665,000
Total market value
$6,165,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
5
Units
10
Total area
19,000 SF
Lot
0.09 ac (3,762 SF)
Zoning code
C63A
APN
00149-0006
UPID
US63-0791425
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C63A · New York, NY
Zoning C63A · permitted uses
C63A · 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
OFFICE BUILDING
Est. value
$12.1M
OFFICE BUILDING
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
1920
Heating
NONE
Stories
5
Buildings
1
Units
10
Lot
0.09 ac
Current owner
From public records · entity-resolved
67 Reade LLC
Entity
Mailing address
73 SPG ST FL #6, NEW YORK, NY 10012-0317
Ownership since
2017
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
Aug 4, 2025
—
67 Reade, LLC
—
Deed
related
$1,292,836 · 83-85 Chambers LLC
Oct 31, 2017
$15,000,000
67 Reade LLC
Forest Equities INC
Grant Deed
$2,700,000 · 1530-1536 Pitkin LLC
Nov 2, 2016
—
Forest Equities INC
—
Deed
related
$455,690 · Mcg Funding LLC
Feb 22, 2006
—
Forest Equities INC
—
Deed Of Trust
related
$5,600,000 · New York Community Bank
—
—
Forest Equities INC
—
Deed Of Trust
related
$455,690 · Mcg Funding LLC
—
—
Forest Equities INC
—
Loan Modification, Consolidation And Extension
related
$2,700,000 · Mcg Funding LLC
—
—
Forest Equities INC
—
Deed Of Trust
related
$1,751,048 · New York Community Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 85 Chambers St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
