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    1350 Broadway New York, NY 10018
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    Property profile & analytics

    1350 Broadway, New York, NY 10018

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    • Office buildings
    • 386,786 SF
    • 0.45 lot acres
    For Lease
    $3,980,000
    View Listing →
    Modern Office Space on Broadway For Lease
    $3,980,000
    2,921 SF

    Modern Office Space on Broadway

    Built-out office space with modern features and south-west views.

    1350 Broadway, New York, NY
    View Listing
    Property ID
    US63-2480474
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duane Reade Photo / (Bike/Boat/Book/etc) Store
    • Herssein & Herssein Law Office / Law Firm / Insurance Agency
    • Meyer, Suozzi English & Klein, P.C. / Law Firm
    • Cary Kane LLP / Law Firm
    • Bing Li Law Office LLC / Law Firm

    Property Details for 1350 Broadway

    Year built
    1928
    Lot size
    0.45 lot acres
    Zone code
    C6-6
    Property type
    Office buildings
    APN
    00811-0031
    APU
    8110031

    Description

    This exceptional retail property, located at 1350 Broadway in the heart of New York City (zip code 10018, New York County), offers an unparalleled opportunity for businesses seeking a vibrant and high-traffic location. The building boasts a total of 46,309 square feet, with 11 available spaces ranging from a minimum of 459 square feet to a maximum contiguous space of 4,944 square feet. Currently, there is 19,408 square feet of vacant space ready for immediate occupancy, providing flexibility for various business needs and expansion plans. The property's multiple tenancy structure allows for a diverse mix of tenants, creating a dynamic and bustling atmosphere. Its strategic location on Broadway ensures high visibility and accessibility for customers, making it an ideal choice for retailers seeking maximum exposure. The property is classified as commercial retail space and is situated in a thriving commercial district within New York City. This is a rare opportunity to secure prime retail space in one of the world's most iconic cities. The property is easily accessible via various transportation options, catering to both employees and customers. Serious inquiries are encouraged to explore the possibilities this exceptional location offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9874
    Latitude
    40.7509
    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
    $5,443,153
    $18,495,000
    $32,894,280
    $51,389,280
    -
    $41,100,000
    $74,400,000
    $115,500,000

    Comparable in this City

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      12,050 SF

      35-37 38th St

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      35-37 38th St, New York, NY 10018
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    • Value Estimation
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      21,180 SF

      221-223 37th St

      OFFICE BUILDING (MULTI-STORY)
      221-223 37th St, New York, NY 10018
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    • Value Estimation
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      32,143 SF

      60-64 38th St

      OFFICE BUILDING (MULTI-STORY)
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    • Value Estimation by Request
      438,643 SF

      1385 Broadway, Unit 1391

      OFFICE BUILDING (MULTI-STORY)
      1385 Broadway, New York, NY 10018-6001
      View Details
    • Value Estimation
      $9,145,000
      654,137 SF

      5 Bryant Park

      OFFICE BUILDING (MULTI-STORY)
      5 Bryant Park, New York, NY 10018-8204
      View Details

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      Midtown South Office Building

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      Historic Garment District Office Space

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      Class A Office Space NYC

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      21,736 SF

      Broadway Office Space Available

      Office space for rent in a prime location.
      1450 Broadway, New York, NY 10018
      View Details
    View Listing
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    New York, NY 10018
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    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.

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