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    40 Broad St New York, NY 10004

    • Retail space
    • 7,903 SF
    For Sale
    View listing
    Value Estimation
    Last Sale
    Apr 18, 2024
    $18,000,000
    Location Intelligence
    Property ID
    US63-2560534
    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

    • Jaffe Glenn Law Group / Law Firm
    • Advogados Dos Brasileiros em NY / Personal Injury Attorney
    • Virginia & Ambinder, LLP / Employment Attorney / Attorney
    • Abogados De Los Colombianos En NY / Personal Injury Attorney
    • The Law Office of Joel J. Turney, LLC / Personal Injury Attorney

    Property Details for 40 Broad St

    Year built
    1982
    Property size
    7,903 SF
    Zone code
    C5-5
    Property type
    Retail space
    APN
    00024-1002
    APU
    241002

    Description

    This exceptional office condominium, located at 40 Broad Street in New York City's Financial District, offers 8,400 to 14,592 square feet of exquisitely designed space. Built in 1984 and renovated in 2011, this Class A building boasts a high-end existing law firm installation with an efficient layout and wide column spacing. The entire 7th floor is available for sale, ideal for law and financial firms, non-profits, or medical users. Situated at the base of a luxury residential tower, the commercial section enjoys a separate dedicated entrance. Benefit from a prime location steps from the New York Stock Exchange, with nearly 50,000 pedestrians passing daily. The building is in the heart of the rapidly evolving Financial District, surrounded by new residential projects and experiential retail. Enjoy nearby amenities including Equinox and Lifetime Fitness, major food halls, and renowned restaurants. The space features 10'6" high ceilings, multiple windows providing abundant natural light, and a modern attended lobby with two passenger elevators and one freight elevator. Its close proximity to Wall Street, Fulton Street, the World Trade Center, and Brookfield Place offers easy access to numerous subway lines, the PATH train, and several ferry lines. The asking price is $5,880,000, with a price per square foot of $700.

    Value Estimation

    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
    -74.0118
    Latitude
    40.706
    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
    $58,861
    $222,109
    $333,607
    $555,716
    -
    $493,576
    $847,272
    $1,340,848

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    New York, NY 10004
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    Realmo Value Estimation

    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.

    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
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