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    Property profile & analytics

    924 3Rd Ave New York, NY 10022

    • Retail residential properties
    • 8,325 SF
    • 0.05 lot acres
    For Sale
    View listing
    $6,250,000
    Value Estimation
    Last Sale
    Nov 18, 2021
    $4,850,000
    Location Intelligence
    Property ID
    US63-1472810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • EA Dumpling / Dumpling Restaurant / Taiwanese Restaurant

    Property Details for 924 3Rd Ave

    Year built
    1920
    Lot size
    0.05 lot acres
    Property size
    8,325 SF
    Zone code
    C6-6
    Property type
    Retail residential properties
    APN
    01310-0038
    APU
    13100038

    Description

    This exceptional retail property, located at 924 3rd Avenue in New York City's vibrant Midtown East neighborhood (zip code 10022), presents a compelling investment opportunity. The building boasts 8,325 square feet of space spread across five stories, and is zoned C6-6. Currently, the ground floor is occupied by Ea Dumpling, a thriving tenant. The property's strategic location places it just one block from the iconic Citicorp Building, ensuring high visibility and foot traffic. Midtown East offers unparalleled access to cultural attractions, including museums, libraries, and a diverse culinary scene, complemented by convenient access to multiple subway lines. This prime location makes it an ideal space for a variety of retail businesses. A significant advantage is the substantial untapped potential: based on a 15.0 FAR, the property possesses unused air rights totaling 27,300 square feet, offering considerable future development possibilities. The asking price for this remarkable property is $6,250,000. This presents a rare chance to acquire a well-situated, income-generating retail asset with significant upside potential in one of Manhattan's most desirable locations.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,655,000
      6.5%
      $5,325,000
      7%
      $5,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,845,000
      Geo Method
      $4,545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,840,000
      Retail
      $5,485,000
      Mixed-Use
      $4,465,000
      Hospitality
      $5,405,000
      Educational
      $4,575,000
      Residential Income
      $4,485,000
      Energy
      $5,370,000
      Income-Based Land
      $4,190,000
      Food Service
      $4,190,000

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9685
    Latitude
    40.7595
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $247,900
    $935,990
    $1,046,890
    $1,982,880
    -
    $2,640,000
    $2,952,800
    $5,592,800

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    924 3Rd Ave
    New York, NY 10022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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