New search
Property profile & analytics
OFF-MARKET
Estimated value
$95,700,000
Banks
148 Lafayette St, New York, NY 10013-3115
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1629242
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1930
Total area
129,135 SF
Lot
0.24 ac (10,524 SF)
Zoning code
M15R10
APN
00233-0026
UPID
US63-1629242
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
-
Law Offices of Ross Klenoff Law Firm
-
Lafayette 148 New York – Atelier Direct Showroom Corporate Office
-
Events & Staffing Primeur Zapeta Event Planning Wedding Service
-
WeWork Office Space & Coworking Coworking & Hybrid Office
-
Alpha Food Labs Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$101.14M
Blend (final)
Blend
$95.70M
Owner & transaction history
148 Lafayette Owner, L.l.c. · 1 yrs held
148 Lafayette Owner, L.l.c.
since 2025
Last sale
$105.5M
7 recorded transactions
Zoning & alternative use
M15R10 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$113.6M
+97.3%
Commercial (general)
$106.5M
+84.9%
Warehouse, storage
$105.5M
+83.2%
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
$70,665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$57,590,000
Current use
OFFICE BUILDING
$113,625,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$106,490,000
Change: +85% · Conversion: Difficult
WAREHOUSE, STORAGE
$105,525,000
Change: +83% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$69,875,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$95.70M
Range $86.13M – $105.27M · ±10% · vs last sale $105.50M (Jun 5 2025)
Last sale anchor
$105.50M
Jun 5 2025
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
$741 / 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
$3,556,254
Tax year 2024
Assessed value
$33,574,909
Assessed 2024
Previous assessed
$33,476,525
+0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$31,324,909
Land market value
$5,000,000
Improvement market value
$74,789,000
Total market value
$79,789,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
13
Units
12
Total area
129,135 SF
Lot
0.24 ac (10,524 SF)
Zoning code
M15R10
APN
00233-0026
UPID
US63-1629242
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R10 · New York, NY
Zoning M15R10 · permitted uses
M15R10 · 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
FINANCIAL BUILDING Current
Est. value
$57.6M
OFFICE BUILDING
Est. value
$113.6M
COMMERCIAL (GENERAL)
Est. value
$106.5M
WAREHOUSE, STORAGE
Est. value
$105.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$69.9M
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
13
Buildings
1
Units
12
Lot
0.24 ac
Current owner
From public records · entity-resolved
148 Lafayette Owner, L.l.c.
Entity
Mailing address
15 WATTS ST FL #5, NEW YORK, NY 10013-1677
Ownership since
2025
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
Jun 5, 2025
$105,500,000
148 Lafayette Owner, L.l.c.
Epic Lafayette LLC
Deed
$12,340,000 · Parlex 1 Finance, LLC
Sep 4, 2024
$3,664,558
Bto Nitro Buyer LLC
Members Of New Tradition Holdings L
Deed
—
Jun 27, 2017
—
Epic Lafayette LLC
—
Loan Modification, Consolidation And Extension
related
$78,150,000 · Miscellaneous Ins Co
May 25, 2012
$126,500,000
Epic Lafayette LLC
Lafayette Street Holdings Ll
Grant Deed
—
Aug 19, 2010
—
Carlo One LLC
—
Deed Of Trust
related
$65,000,000 · Rcg Lv Debt IV Reit LP
Feb 21, 2007
$59,000,000
Carla One LLC
148 Lafayette LLC
Deed
$29,586,668 · Wells Fargo Bank, National Association
Feb 21, 2007
—
Carla One LLC
—
Deed Of Trust
related
$62,915,000 · Wells Fargo Bank
Feb 15, 2006
—
148 Lafayette LLC
Paf Trading Corporation
Intrafamily Transfer
related
$33,328,332 · Barclays Capital Real Estate INC
—
—
Epic Lafayette LLC
—
Deed Of Trust
related
$63,500,000 · Manufacturers Traders & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 148 Lafayette St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
