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Property profile & analytics
OFF-MARKET
Estimated value
$700,545,000
Office buildings
195 Broadway, New York, NY 10007-3100
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3263333
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1916
Total area
1,094,861 SF
Lot
0.84 ac (36,775 SF)
Zoning code
C5-5
APN
00080-0001
UPID
US63-3263333
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
-
The Bash Event Planning
-
The Knot Media Distribution
-
Namely (Bike/Boat/Book/etc) Store Corporate Office
-
Rays construction Construction Company
-
195 Broadway LLC Apartment Building Business Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$562.60M
Comparable Approach
Comparable
$680.65M
Blend (final)
Blend
$700.55M
Owner & transaction history
LP 1a Reit INC. · 2 yrs held
LP 1a Reit INC.
since 2023
Last sale
$766.1M
7 recorded transactions
Zoning & alternative use
C5-5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$894.7M
+27.9%
Commercial (general)
$793.3M
+13.4%
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
$727,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$609,475,000
6.5%
$562,595,000
7%
$522,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$699,355,000
Current use
WAREHOUSE, STORAGE
$894,690,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$793,345,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$592,420,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$700.55M
Range $630.49M – $770.60M · ±10% · vs last sale $766.07M (Oct 31 2023)
Last sale anchor
$766.07M
Oct 31 2023
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
$640 / 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
$9,554,647
Tax year 2024
Assessed value
$93,142,064
Assessed 2024
Previous assessed
$89,692,831
+3.8% YoY
Effective rate
10.26%
On assessed value
Assessed land
$12,420,000
Assessed improvement
$80,722,064
Land market value
$27,600,000
Improvement market value
$201,629,000
Total market value
$229,229,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1916
Heating
NONE
Buildings
1
Stories
29
Units
64
Total area
1,094,861 SF
Lot
0.84 ac (36,775 SF)
Zoning code
C5-5
APN
00080-0001
UPID
US63-3263333
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
OFFICE BUILDING Current
Est. value
$699.4M
WAREHOUSE, STORAGE
Est. value
$894.7M
COMMERCIAL (GENERAL)
Est. value
$793.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$592.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1916
Heating
NONE
Stories
29
Buildings
1
Units
64
Lot
0.84 ac
Current owner
From public records · entity-resolved
LP 1a Reit INC.
Entity
Free & Clear · 2 yrs held
Mailing address
270 PARK AVE, NEW YORK, NY 10017-2014
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$766,067,620
LP 1a Reit INC.
LP 2b Reit LLC
Deed
—
Apr 25, 2023
$27,600,000
Istar INC.
Safehold INC.
Deed
—
Jan 5, 2021
—
195 B Owner LLC
—
Deed
related
$7,324,953 · Landesbank Hessen Thueringen
Nov 7, 2019
—
195 Newco Fee Owner LLC
195 Broadway Property LLC
Quit Claim Deed
$350,000,000 · Landesbank Hessen Thueringen
Nov 7, 2019
$275,000,000
195 Broadway Ground Owner LLC
195 Newco Fee Owner LLC
Grant Deed
$242,000,000 · Miscellaneous Ins Co
Dec 5, 2013
$498,450,000
195 Broadway Property LLC
195 Broadway Owner LLC
Grant Deed
—
Mar 19, 2012
—
195 Broadway Owner LLC
—
Grant Deed
related
$196,000,000 · Variable Annuity Life Ins Co
Dec 5, 2011
$280,000,000
195 Broadway Owner LLC
195 Broadway LLC
Grant Deed
—
Apr 4, 2005
$265,778,630
195 Broadway LLC
195 Property Associates
Deed
$156,000,000 · Morgan Stanley Credit Corp
—
—
195 Broadway Owner LLC
—
Loan Modification
related
$196,000,000 · Variable Annuity Life Ins Co
—
—
195 Broadway LLC
—
Deed Of Trust
related
$196,000,000 · Wells Fargo Bk NA
—
—
195 B Owner LLC
—
Loan Modification
related
$350,000,000 · Landesbank Hessen Thueringen
—
—
195 B Owner LLC
—
Loan Modification
related
$7,324,953 · Landesbank Hessen Thueringen
—
—
195 B Owner LLC
—
Loan Modification
related
$22,393,795 · Landesbank Hessen Thueringen
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.
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