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

    162 72nd St New York, NY 10023-3300

    • Office buildings
    • 8,323 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6201709
    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

    • The Flourishing Center / Wellness Center / Yoga Instructor
    • Sheena Alva / Physical Therapist
    • Lynda Brock / Occupational Therapist
    • Tatiana Herrera / Occupational Therapist
    • Caitlin Paul / Occupational Therapist

    Property Details for 162 72nd St

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    8,323 SF
    Zone code
    C46A
    Property type
    Office buildings
    APN
    01143-0058
    APU
    11430058

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $213,000
      Market price range: $77.4k - $413k

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9811
    Latitude
    40.7781
    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
    $133,221
    $450,000
    $844,890
    $1,294,890
    -
    $1,000,000
    $1,795,000
    $2,795,000

    Comparable in this City

    • Value Estimation
      $265,000
      18,810 SF

      117 72nd St

      OFFICE BUILDING (MULTI-STORY) • 18,810 SF
      117 72nd St, New York, NY 10023-3204
      View Details
    • Value Estimation
      $205,000
      8,220 SF

      1849 Broadway

      OFFICE BUILDING (MULTI-STORY) • 8,220 SF
      1849 Broadway, New York, NY 10023-7602
      View Details
    • Value Estimation
      $270,000
      8,040 SF

      2091 Broadway

      OFFICE BUILDING (MULTI-STORY) • 8,040 SF
      2091 Broadway, New York, NY 10023-2868
      View Details
    • Value Estimation
      $190,000
      42,864 SF

      2121 Broadway, Unit 2127

      OFFICE BUILDING (MULTI-STORY) • 42,864 SF
      2121 Broadway, New York, NY 10023-1786
      View Details
    • Value Estimation
      $285,000
      7,483 SF

      125 72nd St

      OFFICE BUILDING (MULTI-STORY) • 7,483 SF
      125 72nd St, New York, NY 10023-3278
      View Details
    • Value Estimation
      $360,000
      42,674 SF

      56 66th St

      OFFICE BUILDING (MULTI-STORY) • 42,674 SF
      56 66th St, New York, NY 10023-6225
      View Details

    Similar Nearby for Sale

    • $35,000,000
      3,515 SF

      East 62nd Street Townhouse

      Townhouse with flexible zoning and substantial frontage.
      39 E 62Nd St, New York, NY 10023
      View Details
    • Contact for pricing
      4,017 SF

      Prime Office Building For Sale

      Five-story office building with basement, mezzanine, and roof garden.
      35 E 62Nd St, New York, NY 10023
      View Details
    • New
      $15,000,000
      10,596 SF

      Oversized Townhomes Mansion Opportunity

      Rare opportunity to create a mansion-like home in Manhattan.
      319-321 West 74Th St, New York, NY 10023
      View Details
    • $3,275,000
      4,200 SF

      Lenox Hill Medical Office Suite

      Full-floor medical office suite in prime Lenox Hill location.
      115 E 61St St, New York, NY 10023
      View Details
    • $1,395,000
      959 SF

      Prime Medical Condo, Central Park West

      959 SF Medical Office Condo, Lincoln Square
      25 Central Park, New York, NY 10023
      View Details
    • $1,395,000
      959 SF

      Medical Condo in Lincoln Square

      Ground-floor medical condo in Lincoln Square/Columbus Circle.
      25 Central Park W, New York, NY 10023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,360 SF

      Office Building Near Columbus Avenue

      Office building for rent between Broadway and Columbus Avenue.
      33 West 60Th St, New York, NY 10023
      View Details
    • Contact for pricing
      584 SF

      Columbus Avenue Office Space

      Office space for rent near Lincoln Center.
      181-199 Columbus Ave, New York, NY 10023
      View Details
    • $3,000 /Mo
      900 SF

      Upper East Side Medical Office

      Medical office space available for rent on the Upper East Side.
      151 E 76Th St, New York, NY 10023
      View Details
    • Contact for pricing
      35,525 SF

      Broadway Retail Portfolio

      Prime Upper West Side Retail Space
      1972 Broadway, New York, NY 10023
      View Details
    • Contact for pricing
      13,575 SF

      Furnished Office Space Available

      Prebuilt, furnished office space with flexible modification options.
      60 Columbus Cir, New York, NY 10023
      View Details
    • New
      $800 /Mo

      Upper West Side Office Space

      First-floor office space in Park Royal Cooperative, Upper West Side.
      101 New York Plz, Manhattan, NY 10023
      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.
    162 72nd St
    New York, NY 10023-3300
    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.