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Property profile & analytics
FOR LEASE
Banks
9 E 38Th St New York, NY 10016
Entity Owned
Free & Clear
Property ID
US63-3038524
For Lease
1 / 23
Contact for pricing
9 E 38Th St, New York, NY 10016
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1924
Total area
59,191 SF
Lot
0.11 ac (4,630 SF)
Zoning code
C52.5
APN
00868-0012
UPID
US63-3038524
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
-
be clean new york Hardware & Home Improvement
-
350 bleecker street apartment corp Apartment Building
-
PSi Business Management Consultant
-
g/arc General Contractor
-
Zipcar Location Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
9e38 Grant New Investors LLC
9e38 Grant New Investors LLC
since 2026
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
C52.5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$535,410
Tax year 2024
Assessed value
$5,305,190
Assessed 2024
Previous assessed
$5,300,150
+0.1% YoY
Effective rate
10.09%
On assessed value
Assessed land
$1,819,350
Assessed improvement
$3,485,840
Land market value
$4,043,000
Improvement market value
$7,190,000
Total market value
$11,233,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1924
Heating
NONE
Buildings
1
Stories
12
Units
11
Total area
59,191 SF
Lot
0.11 ac (4,630 SF)
Zoning code
C52.5
APN
00868-0012
UPID
US63-3038524
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C52.5 · New York, NY
Zoning C52.5 · permitted uses
C52.5 · 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.
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Stories
12
Buildings
1
Units
11
Lot
0.11 ac
Current owner
From public records · entity-resolved
9e38 Grant New Investors LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 DOCK ST, STAMFORD, CT 06902-5836
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$4,159,234
9e38 Grant New Investors LLC
Juster 2010 Family Trust
Deed
—
Dec 29, 2016
—
9 East 38th Street Realty LLC
9 East 38th Street Owner LLC
Quit Claim Deed
$15,000,000 · Miscellaneous Ins Co
Mar 13, 2013
$29,000,000
9 East 38th Street Owner LLC
38 Street Ae LLC
Grant Deed
—
Dec 17, 2012
—
38 Street Ae LLC
9 East 38th Street Assocs LP
Grant Deed
—
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?”
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