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Property profile & analytics
OFF-MARKET
Estimated value
$248,635,000
Office buildings
115 Broad St, New York, NY 10004-2463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4142736
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Total area
1,016,406 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C5-5
APN
00005-0010
UPID
US63-4142736
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
-
115 Broad St Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$248.64M
Owner & transaction history
25 Water Owner, LLC · 3 yrs held
25 Water Owner, LLC
since 2022
Last sale
$250.8M
7 recorded transactions
Zoning & alternative use
C5-5 · 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
$206,000,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$248.64M
Range $223.77M – $273.50M · ±10% · vs last sale $250.81M (Dec 28 2022)
Last sale anchor
$250.81M
Dec 28 2022
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
$245 / 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
$7,274,408
Tax year 2024
Assessed value
$68,678,319
Assessed 2024
Previous assessed
$75,489,480
-9.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$20,880,000
Assessed improvement
$47,798,319
Land market value
$46,400,000
Improvement market value
$120,819,000
Total market value
$167,219,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1969
Heating
NONE
Buildings
1
Stories
22
Units
47
Total area
1,016,406 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C5-5
APN
00005-0010
UPID
US63-4142736
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
22
Buildings
1
Units
47
Lot
1.24 ac
Current owner
From public records · entity-resolved
25 Water Owner, LLC
Entity
Mailing address
515 MADISON AVE #1500, NEW YORK, NY 10022-5403
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
$250,806,808
25 Water Owner, LLC
4 Nyp Ventures LLC
Deed
$208,713,753 · Athene Annuity And Life Company
Jun 28, 2012
$270,000,000
4 Nyp Ventures LLC
New York Plaza Finl Assocs Ll
Trustees Deed
$76,500,000 · Metropolitan Life Insurance
Jan 15, 2010
$107,000,000
New York Plaza Finl Assocs Ll
Jp Morgan Chase Bk
Deed Of Trust
$77,000,000 · Natixis Real Estate Capital
—
—
4 Nyp Ventures LLC
—
Deed Of Trust
$153,500,000 · Metropolitan Life Insurance
—
—
4 Nyp Ventures LLC
—
Loan Modification, Consolidation And Extension
related
$250,000,000 · Dekabank Deutsche Girozentrale
—
—
4 Nyp Ventures LLC
—
Deed Of Trust
related
$55,650,000 · Dekabank Deutsche Girozentrale
—
—
New York Plaza Finl Assocs Ll
—
Deed Of Trust
related
—
—
—
4 Nyp Ventures LLC
—
Deed Of Trust
related
$30,850,000 · Metropolitan Life Insurance
—
—
4 Nyp Ventures LLC
—
Deed Of Trust
related
$10,000,000 · Metropolitan Life Insurance
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.
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