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    132 Nassau St New York, NY 10038
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    132 Nassau St New York, NY 10038

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    • Office properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lankenau & Miller LLP / Law Firm
    • Ulaner Marcy / Law Firm
    • A. Form Event Architects / Architect
    • Caruso Spillane Leighton PC / Law Firm
    • Primary Consulting Services Ltd / Tech Support Center / IT Consulting Firm

    Property Details for 132 Nassau St

    Property type
    Office properties & Spaces

    Description

    This exceptional 3,021 square foot executive office suite is located in a prestigious doorman building at 132 Nassau Street in New York City's Financial District (FiDi). The space boasts a thoughtfully designed layout, perfectly blending open collaborative areas with five private offices – two of which are generously sized executive offices. Additional features include a dedicated printer room, a welcoming reception area, and a large conference room, ideal for meetings and presentations. The abundance of natural light streaming through numerous windows creates a bright and inviting atmosphere, complemented by chic hardwood floors, custom lighting, and central air conditioning. This fully furnished, plug-and-play office is ready for immediate occupancy, eliminating the hassle and expense of setting up a new workspace. Flexible lease terms are available, offering options for 1, 2, or 3-year agreements to suit your business needs. This turnkey solution in a prime New York County location provides an unparalleled opportunity for businesses seeking a sophisticated and efficient workspace in the heart of the financial district. The address is 132 Nassau Street, New York, NY 10038. This single-tenant space is perfect for a company seeking a move-in ready, high-end office environment.

    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
    New York
    State
    New York
    Longitude
    -74.0066
    Latitude
    40.711

    Comparable in this City

    • Value Estimation
      $2,540,000
      9,885 SF

      9 Broadway

      OFFICE (GENERAL) • 9,885 SF
      9 Broadway, New York, NY 10038-1072
      View Details
    • Value Estimation
      $2,900,000
      8,790 SF

      156 William St, Unit OU2

      CONDOMINIUM OFFICES • 8,790 SF
      156 William St, New York, NY 10038-2609
      View Details
    • Value Estimation by Request

      22 James St

      Medical Office Space
      22 James St, New York, NY 10038
      View Details
    • Value Estimation
      $5,680,000
      17,505 SF

      156 William St, Unit S2

      CONDOMINIUM OFFICES • 17,505 SF
      156 William St, New York, NY 10038-2609
      View Details
    • Value Estimation
      $2,860,000
      8,690 SF

      156 William St, Unit S3

      CONDOMINIUM OFFICES • 8,690 SF
      156 William St, New York, NY 10038-2609
      View Details
    • Value Estimation
      $1,330,000
      5,473 SF

      156 William St, Unit S1

      CONDOMINIUM OFFICES • 5,473 SF
      156 William St, New York, NY 10038-2609
      View Details

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    132 Nassau St
    New York, NY 10038
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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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