Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    48 Pearl St New York, NY 10004
    Back to Search
    Property profile & analytics

    48 Pearl St New York, NY 10004

    View on Map
    • Retail properties & Spaces
    • 1,715 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 48 Pearl St

    Property size
    1,715 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, located at 48 Pearl Street in the vibrant Dumbo neighborhood, offers a total of 1,715 square feet on the ground floor. Currently, the entire space is available for lease. The property is categorized as a single-suite retail building, presenting a unique opportunity for a single tenant to occupy the entire premises. The address is highly visible and situated within a bustling commercial area of Dumbo, offering excellent exposure to foot traffic and potential customers. Interested parties are encouraged to inquire for further details regarding pricing and lease terms. A link to additional information, including potentially visual materials, is available upon request. This property presents a rare chance to establish a prominent retail presence in a sought-after Brooklyn location. The space is ready for immediate occupancy and offers significant potential for a variety of retail businesses. The asking price is $6,750.00. Further information can be obtained by contacting the listing provider.

    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
    -74.0119
    Latitude
    40.7033

    Comparable in this City

    • Value Estimation by Request
      2,216 SF

      44 Exchange Pl

      Individual retail properties • 2,216 SF
      44 Exchange Pl, New York, NY 10004
      View Details
    • Value Estimation by Request
      10,000 SF

      75 Little West St

      Retail properties & Spaces • 10,000 SF
      75 Little West St, New York, NY 10004
      View Details
    • Value Estimation by Request
      20,835 SF

      50 Broad St

      Office properties & Spaces • 20,835 SF
      50 Broad St, New York, NY 10004
      View Details
    • Value Estimation by Request
      5,800 SF

      57 Stone St

      Mixed-use properties • 5,800 SF
      57 Stone St, New York, NY 10004
      View Details
    • Value Estimation by Request
      7,323 SF

      3 Hanover Sq

      Retail properties & Spaces • 7,323 SF
      3 Hanover Sq, New York, NY 10004
      View Details
    • Value Estimation by Request
      345,540 SF

      52-56 Broadway

      FINANCIAL BUILDING • 345,540 SF
      52-56 Broadway, New York, NY 10004
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Retail Condominium on Broad Street

      Retail condominium with ground level and mezzanine space in Manhattan.
      33 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      6,192 SF

      Downtown Office Building For Sale

      Office building with 6,192 square feet of space.
      40 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      5,800 SF

      Historic Mixed-Use Building Investment

      Mixed-use building with office and commercial space for sale.
      57 Stone St, New York, NY 10004
      View Details
    • Contact for pricing

      Prime Block-Through Development Site

      Flexible zoning and convenient accessibility in New York, NY.
      44-46 Water St, New York, NY 10004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,511 SF

      Retail Space in New York

      Retail space available for lease in New York, NY.
      25 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      1,500 SF

      Corner Retail Space in Tribeca

      Prime corner retail space in Tribeca's established corridor.
      15 Greenwich St, New York, NY 10004
      View Details
    • Contact for pricing
      2,650 SF

      Luxury Retail Space in New York

      Retail space with showroom windows in luxury residential condominium.
      25 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      3,296 SF

      Retail Space in Financial District

      Retail space available in the heart of the Financial District.
      80 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      870 SF

      Prime Retail Space in Manhattan

      Retail space for lease in the Financial District.
      85 Broad St, New York, NY 10004
      View Details
    • Contact for pricing
      800 SF

      Retail Space in High-Traffic Area

      Turn-key salon spaces available near new residential development.
      28 Water St, New York, NY 10004
      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.
    48 Pearl St
    New York, NY 10004
    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
    48 Pearl St, New York, NY, 10004
    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!