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Property profile & analytics
FOR LEASE
Banks
1140 Broadway New York, NY 10001
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-2732134
For Lease
1 / 2
$17,485,000
1140 Broadway, New York, NY 10001
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1915
Total area
128,010 SF
Lot
0.2 ac (8,788 SF)
Zoning code
M1-6
APN
00828-0033
UPID
US63-2732134
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boon Edam Technology & Training Center Industrial Manufacturer Production Facility
-
Rising Treetops at Oakhurst (formerly Camp Oakhurst) Charitable Organization Advocacy Group
-
ShermanLaw Law Firm
-
Savio Soares Selections Brewery & Distillery Big Box & Wholesale Store
-
Elke Von Freudenberg . Eyebrow Expert Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.49M
Owner & transaction history
1140 LLC · 22 yrs held
1140 LLC
since 2004
7 recorded transactions
Zoning & alternative use
M1-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$27,395,000
Current use
Blend value · Realmo final
$17.49M
Range $15.74M – $19.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,506,125
Tax year 2024
Assessed value
$14,219,460
Assessed 2024
Previous assessed
$14,230,710
-0.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$4,140,000
Assessed improvement
$10,079,460
Land market value
$9,200,000
Improvement market value
$24,397,000
Total market value
$33,597,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1915
Heating
NONE
Buildings
1
Stories
16
Units
63
Total area
128,010 SF
Lot
0.2 ac (8,788 SF)
Zoning code
M1-6
APN
00828-0033
UPID
US63-2732134
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · New York, NY
Zoning M1-6 · permitted uses
M1-6 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$27.4M
FINANCIAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
16
Buildings
1
Units
63
Lot
0.2 ac
Current owner
From public records · entity-resolved
1140 LLC
Entity
Mailing address
1140 BROADWAY, NEW YORK, NY 10001-7504
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2017
—
1140 LLC
—
Loan Modification, Consolidation And Extension
related
$30,000,000 · Miscellaneous Ins Co
Jul 30, 2004
—
1140 LLC
—
Deed Of Trust
related
$6,825,140 · J P Morgan Chase Bank
Jul 4, 2004
—
1140 LLC
Cohen,jerome M
Grant Deed
related
—
May 27, 2004
$425,000
Edwin G Roos
Reiter,kim G
Grant Deed
—
Mar 11, 2004
—
1140 LLC
Goodman,b A
Grant Deed
related
—
Feb 13, 2004
—
1140 LLC
Cohen 1140b Associates LLC
Quit Claim Deed
related
—
Feb 4, 2004
—
1140 LLC
Roos 1140b Associates LLC
Quit Claim Deed
related
—
—
—
1140 LLC
—
Deed Of Trust
related
$20,191,880 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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