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    Spacious Four Bedroom SoHo Penthouse Title is generated by Realmo AI

    565 BROOME St NPH, New York, NY 10013

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    Picture of Live-work space at 565 BROOME St NPH, New York, NY
    For Lease
    $150,000

    5,832 SF Four Bedroom Penthouse For Lease

    Added:
    May 13, 2025
    Days on Market:
    375
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 565 BROOME St NPH

    General Information

    Standard status
    Active
    Property type
    Live-work space, Multifamily properties, Residential income homes, Mixed-use properties, Residential income properties, Investment properties
    Elevators
    N/A
    Rate Type
    Monthly

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    30

    We can help!

    Listing Contact
    Josh Rubin

    Listing agent Josh License #30RU0854049

    Listing office

    Listing date May 13, 2025

    Overview

    This 5,832 square foot penthouse, located high atop historic SoHo, features four bedrooms. A private elevator provides access to a sitting room with twenty-foot ceilings and a glass wall offering views of the Williamsburg Bridge and the Empire State Building. The unit includes parking. The living room overlooks the Hudson River, providing sunset views. A separate den is suitable for entertaining. The chef's kitchen features counterspace, custom cabinets, and integrated stainless steel appliances. The primary suite, created by combining it with an adjacent bedroom, includes an oversized sitting area with views from Tribeca to Hudson Yards. The ensuite bath has floor-to-ceiling windows, and a large walk-in closet. A private rooftop pool is available. Smart home features are integrated throughout the residence, which also includes wide plank white oak floors. Additional features include closets and baths. The residence is attended by a 24-hour doorman and live-in superintendent. The building, located at 565 Broome SoHo, offers a private covered porte cochere with automated parking and 17,000 square feet of amenities. A fitness center and lap pool are available. The property is located near the West Village and Tribeca, with Google and Disney Headquarters nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    565 Broome St ... Condominium Complex 565 Broome SoHo Condominium Complex renzo Piano Brome ... Architect

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0060152
    Latitude
    40.7127281

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    FAQs

    What type of property is this?
    Live-work space - 5,832 SF Four Bedroom Penthouse For Lease
    Where is this live-work space located?
    The property is located at 565 BROOME St NPH New York, NY.
    What is the lease rate?
    The lease rate is $150,000.
    (212) 321-7111
    We can help!
    Listing Contact
    Josh Rubin
    Real Estate License ID: 30RU0854049
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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