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Property profile & analytics
OFF-MARKET
Estimated value
$19,385,000
Apartment buildings
9-11 Maiden Ln, New York, NY 10038
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4323124
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
58,354 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C5-5
APN
00065-0010
UPID
US63-4323124
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
$19.83M
Blend (final)
Blend
$19.39M
Owner & transaction history
Phoenix Equity 9-11 Maiden Owner Ll · 2 yrs held
Phoenix Equity 9-11 Maiden Owner Ll
since 2023
7 recorded transactions
Zoning & alternative use
C5-5 · 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$31,575,000
Current use
Blend value · Realmo final
$19.39M
Range $17.45M – $21.32M · ±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
$332 / 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
$930,706
Tax year 2024
Assessed value
$7,444,458
Assessed 2024
Previous assessed
$7,503,678
-0.8% YoY
Effective rate
12.50%
On assessed value
Assessed land
$1,309,500
Assessed improvement
$6,134,958
Land market value
$2,910,000
Improvement market value
$14,271,000
Total market value
$17,181,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
15
Units
68
Total area
58,354 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C5-5
APN
00065-0010
UPID
US63-4323124
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$31.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1900
Heating
NONE
Stories
15
Buildings
1
Units
68
Lot
0.11 ac
Current owner
From public records · entity-resolved
Phoenix Equity 9-11 Maiden Owner Ll
Individual
Mailing address
119 W 23RD ST STE #206, NEW YORK, NY 10011-6373
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
9-11 Maiden Owner LLC
—
Deed
related
$25,500,000 · Greystone Select Company II LLC
Aug 31, 2023
—
Phoenix Equity 9-11 Maiden Owner Ll
Phoenix Equity Ventures LLC
Deed
$27,000,000 · Greystone Servicing Company LLC
Mar 20, 2018
—
9-11 Maiden LLC
—
Loan Modification
related
$27,650,000 · Santander Bk NA
Feb 10, 2014
—
9-11 Maiden LLC
—
Trustees Deed
related
$3,076,757 · Santander Bk NA
—
—
9-11 Maiden LLC
—
Loan Modification
related
$15,000,000 · Santander Bk NA
—
—
9-11 Maiden LLC
—
Deed Of Trust
related
$3,700,000 · Sovereign Bank
—
—
9-11 Maiden LLC
—
Deed Of Trust
related
$2,930,680 · New York Community Bank
—
—
9-11 Maiden LLC
—
Deed Of Trust
related
$9,000,000 · Sovereign 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.
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