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    Broadway Assemblage Redevelopment Opportunity Title is generated by Realmo AI

    2750 Broadway, New York, NY

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    Seven buildings for redevelopment on Broadway between 105th and 106th.

    Type:LAND
    Lot size:
    0.41 Acres
    Added:
    Aug 4, 2025
    Days on Market:
    296
    Last Refresh:
    May 20 at 8:31 pm

    Property Features for 2750 Broadway

    General Information

    Standard status
    Active
    Lot size
    0.41 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Teddy Galligan
    Teddy Galligan

    Listing agent Teddy Galligan

    Listing office JLL | New York City

    Listing date Aug 4, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | New York City

    HighLights

    • Prime assemblage: A portfolio of seven buildings spanning an entire block front on Broadway.
    • Substantial frontage: Over 392’ of wrap‑around frontage, including 219’ on Broadway.
    • Significant redevelopment potential: Buildings are poised for redevelopment.
    • Existing income stream: Currently improved with 28 apartments and 16 commercial spaces.
    • Substantial size: Spanning 49,661 GSF.
    • Long‑term ownership: Owned and operated by the same family for over 70 years.

    Overview

    A portfolio of seven buildings, known as The Broadway Assemblage, is available for sale. The assemblage spans the entire easterly block front of Broadway between West 105th and West 106th Streets, featuring over 392 feet of wrap-around frontage. This includes 219 feet of frontage on Broadway, 155 feet on West 105th Street, and 20 feet on West 106th Street. The site is improved by a combination of commercial, mixed-use, and multifamily buildings totaling 49,661 square feet. These buildings contain 28 apartments, 16 commercial spaces, and a roof antenna. The buildings have been under the same family ownership and operation for over 70 years and are considered poised for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pure Pizza Restaurant Mama's TOO! Upper ... Restaurant Montoya Brothers Electricians Electrical Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -73.9677
    Latitude
    40.8008

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    FAQs

    What type of property is this?
    Land - Seven buildings for redevelopment on Broadway between 105th and 106th.
    Where is this land located?
    The property is located at 2750 Broadway New York, NY.
    What are key features of this property?
    This property features: Prime assemblage: A portfolio of seven buildings spanning an entire block front on Broadway.; Substantial frontage: Over 392’ of wrap‑around frontage, including **219’ on Broadway**.; Significant redevelopment potential: Buildings are poised for redevelopment.
    (212) 812-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Teddy Galligan
    Teddy Galligan
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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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