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Property profile & analytics
FOR LEASE
Investment properties
876 Lexington Ave New York, NY 10065
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US63-2310717
For Lease
1 / 2
$860,000
876 Lexington Ave, New York, NY 10065
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
4,400 SF
Lot
0.03 ac (1,400 SF)
Zoning code
C18X
APN
01400-0017
UPID
US63-2310717
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
-
Pizza Napoli Restaurant
-
Harlington Realty Property Management Company Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Kensington Properties LLC · 30 yrs held
Kensington Properties LLC
since 1996
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$195 / 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
$135,022
Tax year 2024
Assessed value
$1,080,000
Assessed 2024
Previous assessed
$1,080,000
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$214,536
Assessed improvement
$865,464
Land market value
$1,290,000
Improvement market value
$5,204,000
Total market value
$6,494,000
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
For Lease
Year built
1910
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
4,400 SF
Lot
0.03 ac (1,400 SF)
Zoning code
C18X
APN
01400-0017
UPID
US63-2310717
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.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
4
Buildings
1
Units
7
Lot
0.03 ac
Current owner
From public records · entity-resolved
Kensington Properties LLC
Entity
Mailing address
156TH E 83RD ST #12, NEW YORK, NY 10028-1988
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2019
—
Kensington Properties LLC
—
Deed
related
$128,916 · The First National Bank Of Long Island
Apr 3, 1996
—
Kensington Properties LLC
Mandelbaum & Mandelbaum Emp Re
Trustees Deed
related
—
Mar 4, 1996
$810,000
Prop Kensington
876 Lex Ave Asso
Grant Deed
—
—
—
Kensington Properties LLC
—
Loan Modification
related
$1,000,000 · First Nat'l Bk/long Island
—
—
Kensington Properties LLC
—
Deed Of Trust
related
$169,134 · New York Community Bank
—
—
Kensington Properties LLC
—
Deed Of Trust
related
$499,900 · 876 Lexington Avenue Associate
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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