Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    78 Bowery New York, NY 10013-4650

    • Banks
    • 14,697 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6132942
    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

    • OUÏE INT’L Skin Care / Skin Care Clinic
    • Chan Charles King MD / Internist
    • Renew Day Spa 2 / Day Spa / Massage Spa

    Property Details for 78 Bowery

    Year built
    1915
    Lot size
    0.06 lot acres
    Property size
    14,697 SF
    Zone code
    C61G
    Property type
    Banks
    APN
    00203-0023
    APU
    2030023

    Description

    78 Bowery presents a unique opportunity to lease executive office space in a vibrant New York County location. This 7,200 square foot building offers four individual suites, each a minimum of 1,800 square feet and a maximum of 1,800 contiguous square feet. Currently, the entire building (7,200 square feet) is available for lease. The property is classified as both retail and office space, making it ideal for a variety of businesses seeking a high-profile address. The multiple tenancy structure allows for flexibility, catering to both established companies and startups. The building's location on Bowery places it within easy reach of numerous amenities, transportation options, and a thriving business community. This is an exceptional opportunity to secure a prominent presence in a sought-after New York City neighborhood. The entire space is immediately available, offering a turnkey solution for businesses seeking a move-in ready office environment. Interested parties are encouraged to inquire about lease terms and conditions. The property's classification as both retail and office provides significant versatility for potential tenants. This prime location on Bowery offers unparalleled visibility and accessibility. Don't miss this chance to establish your business in this dynamic area.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.996
    Latitude
    40.7169
    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
    $200,860
    $203,400
    $1,692,940
    $1,896,340
    -
    $452,000
    $4,241,000
    $4,693,000

    Comparable in this City

    • Value Estimation by Request
      340,618 SF

      250 Hudson St

      FINANCIAL BUILDING • 340,618 SF
      250 Hudson St, New York, NY 10013-1413
      View Details
    • Value Estimation by Request
      615,107 SF

      161 Ave Of The Americas

      FINANCIAL BUILDING • 615,107 SF
      161 Ave Of The Americas, New York, NY 10013-1205
      View Details
    • Value Estimation by Request
      30,392 SF

      407 Broome St

      FINANCIAL BUILDING • 30,392 SF
      407 Broome St, New York, NY 10013-3213
      View Details
    • Value Estimation by Request
      52,065 SF

      434 Broadway

      FINANCIAL BUILDING • 52,065 SF
      434 Broadway, New York, NY 10013-2563
      View Details
    • Value Estimation by Request
      15,448 SF

      76 Bowery

      FINANCIAL BUILDING • 15,448 SF
      76 Bowery, New York, NY 10013-4639
      View Details
    • Value Estimation by Request
      39,075 SF

      176-180 Grand St

      FINANCIAL BUILDING • 39,075 SF
      176-180 Grand St, New York, NY 10013
      View Details

    Similar Nearby for Sale

    • $100,000
      1,200 SF

      Established Manhattan Beauty Spa for Sale

      Turnkey spa business with steady income and growth potential.
      123 Baxter St, Manhattan, NY 10013
      View Details
    • Contact for pricing
      6,313 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available for sale in New York.
      450 Washington St, New York, NY 10013
      View Details
    • Contact for pricing
      3,363 SF

      Retail Space in Tribeca South

      Retail space in high-traffic area with income potential.
      158 Franklin St, New York, NY 10013
      View Details
    • $4,380,000

      SoHo Commercial Condo For Sale

      Top-floor commercial condo in SoHo, steps from Canal Street Station.
      424 Broadway 6, New York, NY 10013
      View Details
    • $5,500,000

      Tribeca Mixed-Use Property with Air Rights

      Two entrances, open floor plans, roof deck, amazing views.
      32 Walker St, New York, NY 10013
      View Details
    • Contact for pricing
      4,153 SF

      Tribeca Retail Condo For Sale

      Prime Tribeca Retail Space, 12,148 SF
      351 Broadway, New York, NY 10013
      View Details

    Similar Nearby for Lease

    • $90 SF/Yr
      2,380 SF

      Bowery Retail Space Available

      Retail space in Manhattan's trendy F&B area.
      138 Bowery, New York, NY 10013
      View Details
    • Contact for pricing
      1,061 SF

      Tribeca Retail Space For Rent

      Retail space in the heart of Tribeca available for rent.
      111 Worth St, New York, NY 10013
      View Details
    • Contact for pricing
      4,035 SF

      Prime Retail Space Available

      Retail space in high-traffic area, accessible via public transportation.
      125 Hudson St, New York, NY 10013
      View Details
    • Contact for pricing
      2,850 SF

      Prime Retail Space in New York

      Retail space with high visibility in vibrant New York location.
      161 Grand St, New York, NY 10013
      View Details
    • Contact for pricing
      5,400 SF

      High-Traffic Retail Space Near Fulton

      Retail spaces near Fulton Center transportation hub. High visibility.
      176 Broadway, New York, NY 10013
      View Details
    • Contact for pricing
      463 SF

      Bowery Retail Space Available

      Retail space for rent at the intersection of Bowery.
      210 Bowery, New York, NY 10013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    78 Bowery
    New York, NY 10013-4650
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.