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

    218 35th St New York, NY 10001-2562

    • Hotels
    • 201,307 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $75,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1539906
    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

    • NYC hotel / Hotel
    • THEIGHT Group Headquarters / Corporate Office
    • Renaissance New York Midtown Hotel / Hotel / Meeting Planning Service
    • VERSA / Bar / Restaurant

    Property Details for 218 35th St

    Year built
    2010
    Lot size
    0.17 lot acres
    Property size
    201,307 SF
    Zone code
    M1-6
    Property type
    Hotels
    APN
    00784-0054
    APU
    7840054

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $75,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.991
    Latitude
    40.7518
    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
    $3,815,446
    $571,500
    $35,450,460
    $36,021,960
    -
    $1,270,000
    $83,384,000
    $84,654,000

    Comparable in this City

    • Value Estimation
      $300,000
      278,905 SF

      1260 Broadway, Unit 1268

      HOTEL • 278,905 SF
      1260 Broadway, New York, NY 10001-3203
      View Details
    • Value Estimation
      $345,000
      30,100 SF

      127 25th Stdorm

      HOTEL • 30,100 SF
      127 25th Stdorm, New York, NY 10001-7207
      View Details
    • Value Estimation by Request
      157,517 SF

      255 34th St

      HOTEL • 157,517 SF
      255 34th St, New York, NY 10001-2803
      View Details
    • Value Estimation
      $350,000
      81,706 SF

      4349 35th St

      HOTEL • 81,706 SF
      4349 35th St, New York, NY 10001-2514
      View Details
    • Value Estimation by Request
      272,334 SF

      Broadway Broadway

      HOTEL • 272,334 SF
      Broadway Broadway, New York, NY 10001
      View Details
    • Value Estimation
      $225,000
      911 SF

      35 28th Stph42b

      HOTEL • 911 SF
      35 28th Stph42b, New York, NY 10001
      View Details

    Similar Nearby for Sale

    • $950,000

      NYC Retail/Hospitality Business for Sale

      Established Travel Company, Prime NYC Location
      0 Unique Boutique Travel Company, New York, NY 10001
      View Details
    • $5,600,000
      8,000 SF

      Prime NYC Executive Office Space

      Luxury 8,000 SF Penthouse Loft, $5.6M
      134 26Th St, New York, NY 10001
      View Details
    • Contact for pricing
      8,985 SF

      Chelsea Mixed-Use Investment

      Prime Chelsea Location, High NOI
      122 29Th St, New York, NY 10001
      View Details
    • Contact for pricing
      9,500 SF

      Prime NYC Retail Condo

      9,500 SF Vacant Retail Space
      144 27Th St, New York, NY 10001
      View Details
    • $490,000
      6,000 SF

      Turnkey Bar Business in Manhattan

      Fully operational bar with indoor/outdoor space in Chelsea.
      25th St, Manhattan, NY 10001
      View Details
    • Contact for pricing
      3,576 SF

      Midtown Manhattan Redevelopment Opportunity

      3,576 SF lot with redevelopment potential in Midtown Manhattan.
      345-357 7Th Ave, New York, NY 10001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,000 SF

      Prime NYC Retail Space - 7th Ave

      High-traffic corner location, flexible space.
      421 7Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      1,100 SF

      Prime Broadway Retail Space

      1,100 SF Retail Space - NYC
      1216 Broadway, New York, NY 10001
      View Details
    • $22 SF/Yr
      15,356 SF

      NoMad Office Space: Prime Location

      Modernist office, coworking, & meeting rooms.
      1250 Broadway, New York, NY 10001
      View Details
    • Contact for pricing
      9,472 SF

      Midtown Manhattan Retail Space

      Prime Herald Square location, multiple units available.
      45 34Th St, New York, NY 10001
      View Details
    • Contact for pricing
      115,000 SF

      Office Space Available For Rent

      Office space available for rent in New York, NY.
      450 W 31St St, New York, NY 10001
      View Details
    • Contact for pricing
      276,000 SF

      Broadway Office Building For Rent

      12-story office building with 276,000 rentable square feet.
      1333 Broadway, New York, NY 10001
      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.
    218 35th St
    New York, NY 10001-2562
    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.