216 Lafayette St New York, NY 10012-4079
Entity Owned
5-yr Hold
~
Est. High Equity
Estimated value (blended)
$8.45M
Range $7.60M – $9.29M (±10%)
Property ID
US63-1861388
Property summary
AI-generated overview
This exceptional retail property at 216 Lafayette Street in New York, NY 10012 offers 7,099 square feet of vacant space, ideal for multiple tenants. Located in New York County, this commercial property boasts convenient access and high visibility. The building features an elevator for easy access to all levels. Three spaces are currently available, each offering flexibility in size. Units range from a minimum of 2,146 square feet to a maximum contiguous space of 2,521 square feet, providing options to suit various business needs. The property's prime location in the vibrant heart of New York City ensures high foot traffic and excellent exposure to potential customers. This is a unique opportunity to establish a presence in a bustling and desirable area. The entire 7,099 square feet is currently vacant, presenting a blank canvas for a creative and impactful retail presence. The building's amenities, combined with its strategic location, make this an unparalleled opportunity for businesses seeking a prominent New York City address. Interested parties are encouraged to inquire about lease terms and availability. This property is classified as retail commercial space with multiple tenancy options.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Total area
4,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
M15R7D
APN
00482-0028
UPID
US63-1861388
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
-
Hotel & Motel Resort
-
Hotel & Motel Resort
-
General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.81M
Blend (final)
Blend
$8.45M
Owner & transaction history
since 2021
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
M15R7D · New York, NY
Top alternative use upside
Auto repair, garage
$9.2M
+125.4%
Retail stores
$7.8M
+89.7%
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 15 comparables with addresses
2 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
$8.45M
Value range
$7.60M – $9.29M
±10% around blend
Estimated value / SF
$2,111 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$7.60M
blend $8.45M
$9.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,000 SF
Lot area
0.06 ac
Year built
1900
Stories
2
APN
00482-0028
Assessed value
$857,700
Annual tax
$90,848
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
$3.54M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 5,000 SF
2.2 mi away · 3,000 SF
2.2 mi away · 3,000 SF
2.4 mi away · 3,733 SF
2.4 mi away · 4,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 75 sales
$1,026
+106%
Submarket 1320 sales
$725
+191%
County 1319 sales
$722
+192%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $2,111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+125%
vs current-use indication
Retail Stores
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 · 15 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$8.40M
Move the market yield to see immediate price impact.
Value / SF
$2,100
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%
$529k
$10.58M
$7.56M
$5.88M
$588k
$11.76M
$8.40M
$6.53M
$647k
$12.94M
$9.24M
$7.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$3.00M
1.7 mi · Feb 2026 · $689/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$90,848
Tax year 2024
Assessed value
$857,700
Assessed 2024
Previous assessed
$841,500
+1.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$345,150
Assessed improvement
$512,550
Land market value
$767,000
Improvement market value
$1,156,000
Total market value
$1,923,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
4,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
M15R7D
APN
00482-0028
UPID
US63-1861388
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R7D · New York, NYZoning M15R7D · permitted uses
M15R7D · 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
2
Buildings
1
Units
1
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M15R7D
Jurisdiction
New York, NY
Recorded code
M15R7D
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.
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