OFF-MARKET
Banks
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Entity Owned Property summary
AI-generated overview
This exceptional commercial property at 152 W 36th Street in New York, NY 10018 offers a diverse range of office spaces for lease. Located in a vibrant Manhattan neighborhood, this Class B building boasts a total of 13,228 square feet, with 1,365 square feet currently available. The building's versatile layout caters to various business needs, encompassing traditional office spaces, executive suites, and creative office environments. The property also includes fitness amenities, a storefront, and ground floor retail space, making it a truly unique and comprehensive offering. The available spaces range from 350 to 1,350 rentable square feet, providing flexibility for businesses of all sizes. With multiple tenancy options, this property is ideal for companies seeking collaborative workspaces or individual suites. The high ceilings, measuring 20 feet, create an airy and spacious atmosphere, enhancing productivity and creativity. This prime location offers easy access to public transportation and numerous amenities, making it an attractive option for businesses seeking a central and convenient location in the heart of New York City. The property type is listed as Retail and Office, reflecting its diverse and adaptable nature. Inquire today to explore the leasing opportunities available at this exceptional Manhattan property.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1900
Total area
51,853 SF
Lot
0.14 ac (5,925 SF)
Zoning code
M1-6
APN
00811-0062
UPID
US63-1512238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Telecommunications Service General Contractor
-
Film Production Television Studio
-
Textile Manufacturer
-
Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.10M
Blend (final)
Blend
$23.80M
Owner & transaction history
since 2024
Last sale
$23.8M
3 recorded transactions
Zoning & alternative use
M1-6 · New York, NY
Top alternative use upside
Commercial (general)
$37.6M
+62.5%
Office building
$33.1M
+43.2%
Apartment house (5+ units)
$28.1M
+21.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$23.80M
Value range
$21.42M – $26.18M
±10% around blend
Estimated value / SF
$459 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$21.42M
blend $23.80M
$26.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
51,853 SF
Lot area
0.14 ac
Year built
1900
Stories
8
APN
00811-0062
Assessed value
$3,336,840
Annual tax
$269,588
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$18.60M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 44,063 SF
1.0 mi away · 55,141 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.80M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 124 sales
$446
+3%
County 124 sales
$446
+3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $459/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+62%
vs current-use indication
Office Building
Apartment House (5+ Units)
Financial Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$23.80M
Move the market yield to see immediate price impact.
Value / SF
$459
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.50M
$29.99M
$21.42M
$16.66M
$1.67M
$33.32M
$23.80M
$18.51M
$1.83M
$36.65M
$26.18M
$20.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.16M
0.4 mi · Jan 2026 · $70/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$269,588
Tax year 2024
Assessed value
$3,336,840
Assessed 2024
Previous assessed
$3,336,840
+0.0% YoY
Effective rate
8.08%
On assessed value
Assessed land
$1,215,000
Assessed improvement
$2,121,840
Land market value
$2,700,000
Improvement market value
$2,956,000
Total market value
$5,656,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
8
Units
49
Total area
51,853 SF
Lot
0.14 ac (5,925 SF)
Zoning code
M1-6
APN
00811-0062
UPID
US63-1512238
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-6 · New York, NYZoning M1-6 · permitted uses
M1-6 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
8
Buildings
1
Units
49
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1-6
Jurisdiction
New York, NY
Recorded code
M1-6
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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