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Property profile & analytics
FOR LEASE
Office buildings
1385 Broadway New York, NY 10018
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3893967
For Lease
1 / 2
$56 SF/Yr
1385 Broadway, New York, NY 10018
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1926
Total area
438,643 SF
Lot
0.43 ac (18,850 SF)
Zoning code
M1-6
APN
00813-0055
UPID
US63-3893967
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
-
Mamiye Brothers Inc. Corporate Office
-
ICER Brands Big Box & Wholesale Store
-
David A. Caraway, Attorney at Law Law Firm
-
Manhattan Tax Tax Preparation
-
Mickey General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Champion Purchaser Holdings, LLC · 5 yrs held
Champion Purchaser Holdings, LLC
since 2021
Last sale
$33.3M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,482,714
Tax year 2024
Assessed value
$51,762,779
Assessed 2024
Previous assessed
$52,507,506
-1.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$17,460,000
Assessed improvement
$34,302,779
Land market value
$38,800,000
Improvement market value
$83,296,000
Total market value
$122,096,000
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
1926
Heating
NONE
Buildings
1
Stories
23
Units
303
Total area
438,643 SF
Lot
0.43 ac (18,850 SF)
Zoning code
M1-6
APN
00813-0055
UPID
US63-3893967
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.
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Stories
23
Buildings
1
Units
303
Lot
0.43 ac
Current owner
From public records · entity-resolved
Champion Purchaser Holdings, LLC
Entity
Mailing address
1385 BROADWAY, NEW YORK, NY 10018-6001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$33,324,165
Champion Purchaser Holdings, LLC
Ch Fitness Investors, LLC
Deed
—
May 4, 2011
—
B Bros Broadway Realty LLC
—
Deed Of Trust
related
$40,000,000 · Td Bank NA
Jun 23, 2008
—
B Bros Broadway Realty LLC
B Bros Realty LLC
Quit Claim Deed
related
—
—
—
B Bros Broadway Realty LLC
—
Loan Modification, Consolidation And Extension
related
$43,000,000 · Miscellaneous Ins Co
—
—
B Bros Realty LLC
—
Deed Of Trust
related
—
—
—
American Communications INC
—
Deed Of Trust
related
—
—
—
Bros Broadway Realty LLC
—
Deed Of Trust
related
$5,949,371 · Miscellaneous Ins Co
—
—
Td Bk NA
—
Deed Of Trust
related
—
—
—
Paris Accessories INC
—
Deed Of Trust
related
—
—
—
Trade Winds Fashions INC
—
Deed Of Trust
related
—
—
—
Icer Leasehold LLC
—
Deed Of Trust
related
—
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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