Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    84 Wooster St New York, NY 10012
    Back to Search
    Property profile & analytics

    84 Wooster St New York, NY 10012

    View on Map
    • Office properties & Spaces
    • 4,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maryna Lansky, ESQ. / Law Firm
    • PhysicalMind Institute / Big Box & Wholesale Store
    • Uncommon Creative Studio / Marketing & Advertising / Advertising Agency
    • Madras Global / Marketing & Advertising / Advertising Agency
    • RIMES Technologies New York / Business To Business Service

    Property Details for 84 Wooster St

    Property size
    4,100 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional office space, located at 84 Wooster Street in the heart of New York City's vibrant Soho neighborhood (zip code 10012), offers a unique blend of modern amenities and classic loft charm. The property features a total of 4,100 square feet, with flexible configurations ranging from a minimum of 1,682 square feet to a maximum contiguous space of 4,836 square feet. Currently, 25,055 square feet are available. The space boasts 12-foot ceilings, creating an airy and spacious atmosphere. Seven oversized windows facing Wooster Street flood the interior with natural light. The building's character is enhanced by exposed brick, hardwood floors, and a headboard ceiling. The open layout is ideal for a variety of uses, including showroom space, with high-quality lighting already in place. Five private offices or conference rooms provide ample space for meetings and individual work. A convenient wet pantry is also included. Modern conveniences include new central air conditioning and Fios availability. The building offers 24/7 access via a key-fob/intercom system and renovated lobbies on both Spring and Wooster Streets. This is a truly exceptional opportunity to secure a prestigious office space in one of Manhattan's most sought-after locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Saratoga
    State
    New York
    Longitude
    -74.0014
    Latitude
    40.7239

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

      598 Broadway New York

      Office Units • 5,500 SF
      598 Broadway New York, New York, NY 10012
      View Details
    • Value Estimation by Request

      598 Broadway .

      Office Units
      598 Broadway ., New York, NY 10012
      View Details
    • Value Estimation by Request
      1,765 SF

      363 Lafayette St, Unit 2

      CONDOMINIUM OFFICES • 1,765 SF
      363 Lafayette St, New York, NY 10012-2719
      View Details
    • Value Estimation
      $880,000
      3,505 SF

      363 Lafayette St, Unit CF2

      CONDOMINIUM OFFICES • 3,505 SF
      363 Lafayette St, New York, NY 10012-2719
      View Details
    • Value Estimation
      $855,000
      3,565 SF

      363 Lafayette St Fl, Unit 3

      CONDOMINIUM OFFICES • 3,565 SF
      363 Lafayette St Fl, New York, NY 10012-2719
      View Details
    • Value Estimation
      $950,000
      39,658 SF

      207-211 Spg St

      OFFICE (GENERAL) • 39,658 SF
      207-211 Spg St, New York, NY 10012
      View Details

    Similar Nearby for Sale

    • $6,380,000
      4,500 SF

      SoHo Retail Condo For Sale

      Retail condo in prime SoHo location available for sale.
      597 Broadway, New York, NY 10012
      View Details
    • $6,500,000
      3,776 SF

      Historic Bleecker Street Mixed-Use Property

      Landmark property in NoHo East Historic District with endless possibilities.
      7 Bleecker St, Manhattan, NY 10012
      View Details
    • $6,500,000

      Historic Bleecker Street Mixed-Use Property

      Landmark mixed-use property in NoHo East Historic District.
      7 Bleecker St, New York, NY 10012
      View Details
    • Contact for pricing
      39,020 SF

      Nolita Fully Leased Portfolio

      Five adjacent mixed-use properties in Nolita, fully leased with upside.
      260 Elizabeth St, New York, NY 10012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,600 SF

      Wooster Street Retail/Showroom Opportunity

      Retail, showroom, and office uses accepted with oversized windows.
      105 Wooster St, New York, NY 10012
      View Details
    • Contact for pricing
      2,979 SF

      SoHo Loft-Style Office Space

      Loft-style office space in SoHo with exposed brick.
      494 Broadway, New York, NY 10012
      View Details
    • Contact for pricing
      2,500 SF

      Mott Street Office Space Available

      Office space with private entry and workstations for rent.
      177-179 Mott St, New York, NY 10012
      View Details
    • Contact for pricing
      2,680 SF

      Furnished Loft in SoHo

      Fully furnished commercial loft suitable for office, showroom, or gallery.
      206 Spring St, New York, NY 10012
      View Details
    • Contact for pricing
      12,000 SF

      Spacious Office with Exposed Brick

      Partially furnished office space featuring high ceilings and modern amenities.
      495 Broadway, New York, NY 10012
      View Details
    • Contact for pricing
      11,000 SF

      Broadway Office Space with Views

      Full floor office space with high ceilings and abundant light.
      599 Broadway, New York, NY 10012
      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.
    84 Wooster St
    New York, NY 10012
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    84 Wooster St, New York, NY, 10012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!