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Property profile & analytics
OFF-MARKET
Estimated value
$178,805,000
Hotels
870 7th Avehot25 New York, NY 10019-4369
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-5848155
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Total area
491,157 SF
Lot
0.8 ac (35,000 SF)
Zoning code
C6-6
APN
01027-1101
UPID
US63-5848155
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
$208.46M
Blend (final)
Blend
$178.81M
Owner & transaction history
Hci-cerberus Pcny Owner LP · 7 yrs held
Hci-cerberus Pcny Owner LP
since 2018
7 recorded transactions
Zoning & alternative use
C6-6 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$178.81M
Range $160.92M – $196.69M · ±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
$364 / 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
$6,687,590
Tax year 2024
Assessed value
$67,587,803
Assessed 2024
Previous assessed
$59,287,119
+14.0% YoY
Effective rate
9.89%
On assessed value
Assessed land
$17,147,741
Assessed improvement
$50,440,062
Land market value
$38,106,090
Improvement market value
$102,200,846
Total market value
$140,306,936
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
Heating
NONE
Stories
30
Units
1
Total area
491,157 SF
Lot
0.8 ac (35,000 SF)
Zoning code
C6-6
APN
01027-1101
UPID
US63-5848155
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NY
Zoning C6-6 · permitted uses
C6-6 · 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
Heating
NONE
Stories
30
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Hci-cerberus Pcny Owner LP
Entity
Mailing address
870 7TH AVE FRNT #2, NEW YORK, NY 10019-4369
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
Hci-cerberus Pcny Owner LP
—
Deed
related
$233,245,000 · Parlex 15 Finco LLC-series Vii
Dec 12, 2018
—
Hci-cerberus Pcny Owner LP
PC Festivus LLC
Deed
$233,245,000 · Parlex 15 Finco, LLC - Series Viii
Jan 31, 2012
—
Park Central Hotel De LLC
—
Grant Deed
related
$407,000,000 · Csfb Com''l Mtg
Jan 27, 2012
$53,949,470
PC Festivus LLC
Pch Tic Owner LLC
Grant Deed
—
Jan 27, 2012
$51,858,700
PC Festivus LLC
Park Central Hotel De LLC
Grant Deed
—
Jan 27, 2012
—
PC Festivus LLC
—
Deed Of Trust
related
$265,000,000 · Citibank NA
Dec 29, 2011
—
Pch Tic Owner LLC
Park Central Hotel De LLC
Grant Deed
—
Dec 1, 2006
—
Park Central Hotel De LLC
—
Deed Of Trust
related
$407,000,000 · Column Financial INC
Feb 2, 2006
—
Park Central Hotel De LLC
—
Deed Of Trust
related
$110,000,000 · Column Financial INC
—
—
Park Central Hotel De LLC
—
Deed Of Trust
related
$127,000,000 · Column Financial INC
—
—
Park Central Hotel De LLC
—
Deed Of Trust
related
$15,000,000 · Column Financial INC
—
—
Hci-cerberus Pcny Owner LP
—
Loan Modification
related
$233,245,000 · Parlex 15 Finco LLC-series Vii
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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