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Property profile & analytics
OFF-MARKET
Estimated value
$90,540,000
Hotels
9 Crosby St New York, NY 10013-3102
Entity Owned
~
Est. High Equity
Property ID
US63-0151897
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1914
Total area
121,165 SF
Lot
0.33 ac (14,470 SF)
Zoning code
M15R10
APN
00233-0002
UPID
US63-0151897
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
-
NOMO SOHO Hotel & Motel
-
Alpha Repair Solutions Hardware & Home Improvement General Contractor
-
NOMO Kitchen Restaurant
-
Patis Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$64.95M
Blend (final)
Blend
$90.54M
Owner & transaction history
Dh 9 Crosby LLC
Dh 9 Crosby LLC
since 2026
Last sale
$121.0M
7 recorded transactions
Zoning & alternative use
M15R10 · 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
$90.54M
Range $81.49M – $99.59M · ±10% · vs last sale $121.04M (Feb 17 2026)
Last sale anchor
$121.04M
Feb 17 2026
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
$747 / 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
$2,807,751
Tax year 2024
Assessed value
$26,508,220
Assessed 2024
Previous assessed
$28,935,030
-8.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$9,767,250
Assessed improvement
$16,740,970
Land market value
$21,705,000
Improvement market value
$38,807,000
Total market value
$60,512,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1914
Heating
NONE
Buildings
1
Stories
26
Total area
121,165 SF
Lot
0.33 ac (14,470 SF)
Zoning code
M15R10
APN
00233-0002
UPID
US63-0151897
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R10 · New York, NY
Zoning M15R10 · permitted uses
M15R10 · 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
1914
Heating
NONE
Stories
26
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Dh 9 Crosby LLC
Entity
Mailing address
9 CROSBY ST, NEW YORK, NY 10013-3102
Ownership since
2026
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
Feb 17, 2026
$121,040,000
Dh 9 Crosby LLC
9 Crosby, LLC
Deed
—
Dec 31, 2018
—
9 Crosby LLC
—
Deed
related
$3,000,000 · Goldman Sachs Bank USA
Mar 12, 2015
$200,000,000
9 Crosby LLC
Ann Pinciss Berman Referee
Deed
$180,000,000 · Column Financial, INC.
Aug 11, 2010
—
Sochin Downtown Realty LLC
—
Deed Of Trust
related
$61,258,304 · Capitalsource Finance LLC
Jul 25, 2007
—
Sochin Downtown Realty LLC
—
Deed Of Trust
related
$61,258,304 · Capitalsource Finance LLC
Jul 6, 2005
$33,500,000
Sochin Downtown Realty LLC
150 Lafayette Street Property
Grant Deed
$15,651,594 · Capitalsource Finance LLC
—
—
Sochin Downtown Realty LLC
—
Deed Of Trust
related
$4,000,000 · Capitalsource Finance LLC
—
—
Sochin Downtown Realty LLC
—
Deed Of Trust
related
$1,337,000 · Capitalsource Finance LLC
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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