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Property profile & analytics
FOR LEASE
Office buildings
1375 Broadway New York, NY 10018
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3755007
For Lease
Contact for pricing
1375 Broadway, New York, NY 10018
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1927
Total area
464,951 SF
Lot
0.41 ac (17,725 SF)
Zoning code
M1-6
APN
00813-0016
UPID
US63-3755007
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
-
Manhattan Commercial Realty Real Estate Agency
-
Meryl Diamond Ltd (Bike/Boat/Book/etc) Store
-
Forest Electric Corp. Electrical Service General Contractor
-
Sam Tell Companies Big Box & Wholesale Store
-
Reinhardt IP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$238.92M
Comparable Approach
Comparable
$363.94M
Blend (final)
Blend
$374.07M
Owner & transaction history
1375 Owner LLC · 1 yrs held
1375 Owner LLC
since 2024
Last sale
$435.0M
7 recorded transactions
Zoning & alternative use
M1-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$611.4M
+105.9%
Industrial (general)
$539.4M
+81.6%
Warehouse, storage
$379.9M
+27.9%
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
$397,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$258,825,000
6.5%
$238,915,000
7%
$221,850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$296,990,000
Current use
RETAIL STORES
$611,440,000
Change: +106% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$539,390,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$379,945,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$336,910,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$251,580,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$374.07M
Range $336.66M – $411.48M · ±10% · vs last sale $435.00M (Jul 16 2020)
Last sale anchor
$435.00M
Jul 16 2020
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
$805 / 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
$6,046,321
Tax year 2024
Assessed value
$57,083,850
Assessed 2024
Previous assessed
$50,939,820
+12.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$10,035,000
Assessed improvement
$47,048,850
Land market value
$22,300,000
Improvement market value
$143,355,000
Total market value
$165,655,000
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
For Lease
Year built
1927
Heating
NONE
Buildings
1
Stories
27
Units
56
Total area
464,951 SF
Lot
0.41 ac (17,725 SF)
Zoning code
M1-6
APN
00813-0016
UPID
US63-3755007
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
OFFICE BUILDING Current
Est. value
$297.0M
RETAIL STORES
Est. value
$611.4M
INDUSTRIAL (GENERAL)
Est. value
$539.4M
WAREHOUSE, STORAGE
Est. value
$379.9M
COMMERCIAL (GENERAL)
Est. value
$336.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$251.6M
OFFICE BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1927
Heating
NONE
Stories
27
Buildings
1
Units
56
Lot
0.41 ac
Current owner
From public records · entity-resolved
1375 Owner LLC
Entity
Mailing address
430 PARK AVE FL #12, NEW YORK, NY 10022-3505
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
1375 Owner LLC
—
Deed
related
$17,000,000 · Bcc 1375 Broadway 1, LLC
Dec 31, 2024
$170,403,750
1375 Owner LLC
1375 Broadway Property Investors V,
Deed
$165,000,000 · Shcbp IV 1375 Broadway Lender LLC
Jul 16, 2020
$435,000,000
1375 Broadway Prop Invtrs V Ll
Gadol 45 Owner LLC
Grant Deed
—
Jul 16, 2020
—
1375 Broadway Prop Invtrs V Ll
—
Deed
related
$200,000,000 · Aareal Cap
Mar 26, 2018
$2,700,000
Gadol 45 Owner LLC
Danus Corp
Grant Deed
—
Jun 13, 2017
—
Gadol 45 Owner LLC
—
Loan Modification, Consolidation And Extension
related
$230,000,000 · Credit Agricole Corp & Inv Bk
Jun 10, 2015
—
Gadol 45 Owner LLC
1375 Broadway Property Investors II
Deed
$75,000,000 · Credit Agricole Corporate And Inves
Jun 10, 2015
$310,000,000
Gadol 45 Owner LLC
1375 Broadway Prop Invtrs II L
Trustees Deed
$75,000,000 · Credit Agricole Corp & Inv Bk
Jan 13, 2011
$89,200,000
Broadway Prop Invtrs 1375 II
Chedward Realty Corp
Grant Deed
—
Jan 13, 2011
—
1375 Broadway Prop Invs II LLC
—
Deed Of Trust
related
$70,000,000 · Morgan Stanley Mtg Cap Holding
Feb 19, 2010
—
Chedward Realty Corp
—
Deed Of Trust
related
$10,000,000 · Prudential Insurance Co
—
—
Chedward Realty Corp
—
Deed Of Trust
related
—
—
—
1375 Broadway Prop Invtrs V Ll
—
Loan Modification
related
$200,000,000 · Aareal Cap
—
—
Broadway Prop Invtrs 1375 II
—
Loan Modification
related
$105,000,000 · Mesa West Core Lndg Fund LLC
—
—
Chedward Realty Corp
—
Deed Of Trust
related
$5,162,664 · Prudential Insurance 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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