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    211 E 43Rd St New York, NY 10017
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    Property profile & analytics

    211 E 43Rd St, New York, NY 10017

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    • Office buildings
    • 177,000 SF
    • 0.23 lot acres
    For Lease
    View Listing →
    Renovated Office Space Near Terminal For Lease
    Contact for pricing
    2,966 SF

    Renovated Office Space Near Terminal

    Office space with recent upgrades, near Grand Central Terminal.

    211 E 43rd St, New York, NY
    View Listing
    Property ID
    US63-3295273
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Donna Bradbury / Real Estate Agency
    • Law Offices of Benjamin B. Neschis, P.C. / Law Firm
    • American Disability Advocates, Inc / Law Firm
    • Datanet Enterprise Solutions / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Crosstown Apartments Nyc / Real Estate Agency

    Property Details for 211 E 43Rd St

    Year built
    1928
    Lot size
    0.23 lot acres
    Zone code
    C5-3
    Property type
    Office buildings
    APN
    01317-0007
    APU
    13170007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.973
    Latitude
    40.7514
    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
    $2,654,684
    $4,635,000
    $20,428,100
    $25,063,100
    -
    $10,300,000
    $45,737,000
    $56,037,000

    Comparable in this City

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      246,605 SF

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      OFFICE BUILDING (MULTI-STORY)
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      View Details
    • Value Estimation
      $2,405,000
      490,020 SF

      776 3rd Ave

      OFFICE BUILDING (MULTI-STORY)
      776 3rd Ave, New York, NY 10017
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    • Value Estimation
      $5,045,000
      986,431 SF

      622 3rd Ave

      OFFICE BUILDING (MULTI-STORY)
      622 3rd Ave, New York, NY 10017-6707
      View Details
    • Value Estimation
      $705,000
      141,408 SF

      801 2nd Ave

      OFFICE BUILDING (MULTI-STORY)
      801 2nd Ave, New York, NY 10017-4706
      View Details
    • Value Estimation by Request
      151,617 SF

      227 45th St, Unit 233

      OFFICE BUILDING (MULTI-STORY)
      227 45th St, New York, NY 10017-3306
      View Details
    • Value Estimation
      $10,790,000
      41,412 SF

      327-333 47th St

      OFFICE BUILDING (MULTI-STORY)
      327-333 47th St, New York, NY 10017
      View Details

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      Commercial Property For Sale

      Commercial property available for purchase in New York, NY.
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      8,356 SF office building with terrace for sale.
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      2,500 SF

      Vacant Office Building on 5th

      Vacant building suitable for headquarters or residential conversion.
      5 E 47Th St, New York, NY 10017
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    • $995,000
      1,450 SF

      Midtown East Medical/Professional Space

      Duplex medical/professional space in Midtown East/Turtle Bay, approximately 1,450 SF.
      235 East 49Th St, New York, NY 10017
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    Similar Nearby for Lease

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      232,795 SF

      Midtown Manhattan Office Space

      Newly enhanced office space in Midtown Manhattan, near Grand Central.
      885 2Nd Ave, New York, NY 10017
      View Details
    • Contact for pricing
      50,899 SF

      Manhattan Office Space for Rent

      50-story office tower with conference center and presentation theater.
      780 3Rd Ave, New York, NY 10017
      View Details
    • Contact for pricing
      69,541 SF

      40-Story Office Building For Rent

      481,300 SF office space in a 40-story building.
      575 5Th Ave, New York, NY 10017
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      Single Tenant Office Space

      8,493 SqFt single tenant office space for rent.
      220 E 42Nd St, New York, NY 10017
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      6,375 SF

      Office Space on Park Avenue

      21-story office building with 17,959 SF available for rent.
      237 Park Avenue, New York, NY 10017
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      13,118 SF

      Fifth Avenue Office Space Available

      150,860 SF office building built in 1898.
      545 5Th Ave, New York, NY 10017
      View Details
    View Listing
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    New York, NY 10017
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    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.

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