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    Property profile & analytics

    1 Wall St, Unit B New York, NY 10005-2500

    • Retail space
    • 184,469 SF
    OFF-MARKET
    Value Estimations
    $140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4011622
    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

    • Mindwork Therapy / Carolyn Ehrlich LCSW-R, CGP / Psychotherapist
    • NutriKane / Farm Equipment Supplier
    • TruVybes Media / Media Company
    • One Wall Street / Real Estate Agency / Condominium Complex
    • Carolyn Ehrlich / Psychotherapist

    Property Details for 1 Wall St

    Year built
    1930
    Property size
    184,469 SF
    Zone code
    C5-5
    Property type
    Retail space
    APN
    00023-1002
    APU
    231002

    Description

    This exceptional offering presents two distinct retail condominium units totaling 7,500 square feet, located at the prestigious 1 Wall Street Court in New York City's Financial District. This highly coveted corner location boasts an impressive 200 feet of frontage, providing unparalleled visibility and accessibility. The property is situated at the strategic intersection of Wall Street, Pearl Street, and Beaver Street, placing it within the heart of a bustling commercial hub. Both units are currently delivered in a fully vacant condition, offering immediate occupancy and customization opportunities for prospective buyers. Each unit is individually available for purchase, or they can be acquired together as a single portfolio. A significant feature is the inclusion of a fully equipped kitchen with existing venting, adding versatility to potential uses. The building itself is architecturally significant, offering a unique and desirable setting for a variety of retail businesses. This presents a rare opportunity to acquire prime retail space in one of New York City's most iconic and high-traffic locations. The flexible acquisition options cater to a range of investment strategies, making this an attractive proposition for both individual and larger-scale investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $140,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0118
    Latitude
    40.7071
    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
    $3,681,855
    $4,538,650
    $30,222,069
    $34,760,719
    -
    $10,085,890
    $70,980,000
    $81,065,890

    Comparable in this City

    • Value Estimation
      $235,000
      4,379 SF

      82 Beaver St Sta, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 4,379 SF
      82 Beaver St Sta, New York, NY 10005-3401
      View Details
    • Value Estimation
      $280,000
      660 SF

      50 Pne Stc-2

      RETAIL STORES (PERSONAL SERVICES) • 660 SF
      50 Pne Stc-2, New York, NY 10005-1500
      View Details
    • Value Estimation
      $335,000
      10,184 SF

      15 Broad St, Unit RETL1

      RETAIL STORES (PERSONAL SERVICES) • 10,184 SF
      15 Broad St, New York, NY 10005-1923
      View Details
    • Value Estimation
      $16,030,000
      19,933 SF

      1820 Pne Stretl1

      RETAIL STORES (PERSONAL SERVICES) • 19,933 SF
      1820 Pne Stretl1, New York, NY 10005-1848
      View Details
    • Value Estimation by Request
      7,092 SF

      82 Beaver St, Unit B

      RETAIL STORES (PERSONAL SERVICES) • 7,092 SF
      82 Beaver St, New York, NY 10005-3401
      View Details
    • Value Estimation
      $135,000
      806 SF

      56 Pne Stc2

      RETAIL STORES (PERSONAL SERVICES) • 806 SF
      56 Pne Stc2, New York, NY 10005-1515
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      876 SF

      Retail Space in Luxury Building

      Retail space at the base of a luxury residential building.
      20 Broad St, New York, NY 10005
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      Retail Space Available For Rent

      Prime retail space available in New York, NY.
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      4,815 SF

      Modernized Retail Space in Downtown

      Redeveloped building with modern infrastructure and prime downtown location.
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      Retail space in a vibrant area with cobblestone streets.
      207 Front St, New York, NY 10005
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      Retail space at the base of luxury residential development.
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      10,000 SF

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      View Details
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    New York, NY 10005-2500
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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.

    More about this property
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