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

    193-195 2nd Avec-4 New York, NY 10003

    • Retail space
    • 273 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0825013
    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

    • Retail space

    Property Details for 193-195 2nd Avec-4

    Year built
    1900
    Property size
    273 SF
    Zone code
    R7A
    Property type
    Retail space
    APN
    00468-1003
    APU
    4681003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9861
    Latitude
    40.7313
    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
    $9,905
    $34,953
    $61,235
    $96,188
    -
    $77,673
    $130,143
    $207,816

    Comparable in this City

    • Value Estimation
      $2,545,000
      9,409 SF

      7 17th St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 9,409 SF
      7 17th St, New York, NY 10003-1907
      View Details
    • Value Estimation
      $5,785,000
      6,802 SF

      7 20th St Ofc, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 6,802 SF
      7 20th St Ofc, New York, NY 10003-1106
      View Details
    • Value Estimation
      $8,525,000
      9,600 SF

      696 Broadway, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      696 Broadway, New York, NY 10003-9515
      View Details
    • Value Estimation
      $15,260,000
      11,188 SF

      21 Astor Plcom

      RETAIL STORES (PERSONAL SERVICES) • 11,188 SF
      21 Astor Plcom, New York, NY 10003-6922
      View Details
    • Value Estimation
      $2,260,000
      8,563 SF

      56 Cooper Sqa

      RETAIL STORES (PERSONAL SERVICES) • 8,563 SF
      56 Cooper Sqa, New York, NY 10003-7111
      View Details
    • Value Estimation
      $1,370,000
      29,641 SF

      22-26 14th Stretl

      RETAIL STORES (PERSONAL SERVICES) • 29,641 SF
      22-26 14th Stretl, New York, NY 10003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,125 SF

      Vacant Retail/Medical/Office Opportunity

      Vacant property suitable for retail, medical, or office use.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing
      11,000 SF

      Prime Location Near Union Square

      Located north of Union Square and Broadway pedestrian plaza.
      868 Broadway, New York, NY 10003
      View Details
    • $2,450,000
      3,000 SF

      Greenwich Village Retail Condo

      Prime retail condo in the heart of Greenwich Village.
      29 E 10Th St, New York, NY 10003
      View Details
    • Contact for pricing
      1,920 SF

      Retail Space in Luxury Development

      Retail space at the base of a new residential development.
      118 E 1Th St, New York, NY 10003
      View Details
    • Contact for pricing
      2,313 SF

      Leased Retail Condominium, Greenwich Village

      Leased 2,313 SF retail condominium in Greenwich Village.
      64 University Pl, New York, NY 10003
      View Details
    • $4,400,000
      4,200 SF

      Retail Building in Union Square

      Two-story, 4,200 SF retail building in Union Square.
      3 E 17Th St, New York, NY 10003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,970 SF

      Broadway Retail Spaces For Lease

      Prime NYC Retail, Two Suites Available
      866 Broadway, New York, NY 10003
      View Details
    • $78 SF/Yr
      9,200 SF

      Broadway Retail Space Available

      9,200 SF retail space with rooftop and backyard.
      4910 Broadway, New York, NY 10003
      View Details
    • $13,000 /Mo
      2,700 SF

      East Village Retail Space Available

      Prime retail space in the East Village for lease.
      66 2Nd Ave, New York, NY 10003
      View Details
    • $355 /Mo
      135 SF

      Retail Space in New York

      Retail space available for rent in New York, NY.
      76 W 3Rd St, New York, NY 10003
      View Details
    • Contact for pricing
      160 SF

      Manhattan Retail Space For Lease

      160 SF retail space in Dyckman Street subway station.
      4761 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,963 SF

      Retail Space Near Subway Station

      Retail space at base of luxury condominium building.
      2551 Broadway, New York, NY 10003
      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.
    193-195 2nd Avec-4
    New York, NY 10003
    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.