Financial
Distress signals
Property profile

88 University Pl New York, NY 10003

FOR LEASE
Banks
Property ID
US63-3814117
70,642 SF 0.15 ac lot Built 1906
Last sale Mar 2026 · $46,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an 11-story office building configured with full-floor office spaces totaling approximately 8,500 RSF per floor, laid out on an efficient L-shaped floor plate. The interior improvements include hardwood flooring and exposed loft-style ceilings, with floors 3 and 4 featuring extra-height ceilings of approximately 13 feet or more. The building has oversized windows on all exposures. Two renovated lobby entrances provide building access from University Place and East 12th Street,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$1.34M
Tax billed · 2024
Assessed value$12.62M
Assessed land$747k
Assessed improvement$11.88M
Effective rate10.59%

Value estimate

· Sep 2026
$4.71M
$4.23M – $5.18M
AI approach$7.59M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$446/SF
Submarket average, outlier-cleaned · 124 recorded sales of this use type
Observed band · Q1–Q3$90 – $783
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C1-7
This district is designed to provide for local shopping and include a wide range of retail stores and personal service establishments whi...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home17.2
Assisted Living Facility15.2
Auto Parts Store11.8

Location

88 University Pl New York, NY 10003
County assessor Recorded deeds · 21 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
821-823 Broadway, New York, NY 10003 $2,481,446 Dec 2025 35,561 SF
85 5th, New York, NY 10003-3019 $46,800,000 Apr 2025 103,022 SF
33-35 18th, New York, NY 10003 $38,000,000 Feb 2025 101,724 SF
797-799 Broadway, New York, NY 10003 $255,000,000 Nov 2024 149,211 SF
37-41 18th, New York, NY 10003-2001 $27,027,000 Sep 2024 67,051 SF
41 Un W, New York, NY 10003-3236 $936,206 May 2022 74,521 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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