Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1415 2nd Ave New York, NY 10021-3773

    • Investment properties
    • 4,956 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3270645
    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.

    Current Use by Public Records

    • Bigoi Venezia / Italian Restaurant
    • Lucille’s / Bar

    Property Details for 1415 2nd Ave

    Year built
    1910
    Lot size
    0.04 lot acres
    Property size
    4,956 SF
    Zone code
    C1-9
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01428-0027
    APU
    14280027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $214,000
      Market price range: $101k - $271k

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9578
    Latitude
    40.7701
    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
    $117,093
    $445,663
    $490,932
    $936,595
    -
    $1,270,000
    $1,399,000
    $2,669,000

    Comparable in this City

    • Value Estimation
      $290,000
      7,005 SF

      1420 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,005 SF
      1420 2nd Ave, New York, NY 10021-3303
      View Details
    • Value Estimation by Request
      9,345 SF

      20 73rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,345 SF
      20 73rd St, New York, NY 10021-4112
      View Details
    • Value Estimation
      $235,000
      7,056 SF

      12 76th St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,056 SF
      12 76th St, New York, NY 10021-2669
      View Details
    • Value Estimation
      $235,000
      7,600 SF

      228 71st St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,600 SF
      228 71st St, New York, NY 10021-5136
      View Details
    • Value Estimation
      $270,000
      4,125 SF

      29 73rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,125 SF
      29 73rd St, New York, NY 10021-3587
      View Details
    • Value Estimation
      $220,000
      5,421 SF

      1405 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,421 SF
      1405 2nd Ave, New York, NY 10021-3768
      View Details

    Similar Nearby for Sale

    • $6,000,000
      5,660 SF

      Luxury Upper East Side Apartment Building

      Prime location, 9 units, high returns.
      61 E 75th St, New York, NY 10021
      View Details
    • $10,000,000

      Madison Avenue Co-op Opportunity

      Full-floor Upper East Side co-op near Central Park.
      29 E 72Nd St, New York, NY 10021
      View Details
    • $4,175,000

      Lenox Hill Mixed-Use Townhouse

      South-facing townhouse with mixed-use zoning in Lenox Hill.
      197 E 76Th St, New York City, NY 10021
      View Details
    • Contact for pricing
      5,108 SF

      Manhattan Upper East Side Development

      Block-through development opportunity on the Upper East Side.
      433 E 76Th St, New York, NY 10021
      View Details
    • $699,000

      Apartment Building in New York

      Apartment building for sale in New York, NY.
      410 E 73Rd St, New York, NY 10021
      View Details
    • $2,595,000

      Apartment Building in New York

      Apartment building for sale in New York, NY.
      190 E 72Nd St, New York, NY 10021
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      400 SF

      Medical Office Space Available Now

      Medical office space featuring exam rooms and consultation room.
      1317 3Rd Ave, New York, NY 10021
      View Details
    • Contact for pricing
      450 SF

      Retail Space Near Central Park

      Retail space for rent near Central Park in New York.
      1053 Lexington Ave, New York, NY 10021
      View Details
    • Contact for pricing
      1,520 SF

      Lexington Avenue Retail Space Available

      Retail space with large storefront, storage basement, near subway.
      968 Lexington Ave, New York, NY 10021
      View Details
    • Contact for pricing
      1,000 SF

      Prime Retail Space Available

      Retail space with high visibility and foot traffic.
      175 W 73Rd St, New York, NY 10021
      View Details
    • $11,000 /Mo
      2,500 SF

      Lexington Avenue Commercial Kitchen Space

      Equipped commercial kitchen/catering space available for rent on Lexington Avenue.
      1194-1202 Lexington Ave, New York, NY 10021
      View Details
    • Contact for pricing
      2,500 SF

      Prime Retail Space on Third

      2,500 SF retail space with high pedestrian traffic.
      200 E 74Th St, New York, NY 10021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1415 2nd Ave
    New York, NY 10021-3773
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.