Add Listing
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

    223 4th St New York, NY 10014

    • Retail residential properties
    • 13,306 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $4,910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2186493
    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 residential properties

    Property Details for 223 4th St

    Year built
    1910
    Lot size
    0.07 lot acres
    Property size
    13,306 SF
    Zone code
    C4-5
    Property type
    Retail residential properties
    APN
    00610-0009
    APU
    6100009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,070,000
      6.5%
      $6,525,000
      7%
      $6,060,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0028
    Latitude
    40.7341
    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
    $160,909
    $335,250
    $951,818
    $1,287,068
    -
    $745,000
    $2,195,000
    $2,940,000

    Comparable in this City

    • Value Estimation
      $2,280,000
      11,300 SF

      172-174 4th St

      STORES & APARTMENTS • 11,300 SF
      172-174 4th St, New York, NY 10014
      View Details
    • Value Estimation
      $8,000,000
      16,800 SF

      145-147 10th St

      STORES & APARTMENTS • 16,800 SF
      145-147 10th St, New York, NY 10014
      View Details
    • Value Estimation
      $5,755,000
      11,790 SF

      247 11th St

      STORES & APARTMENTS • 11,790 SF
      247 11th St, New York, NY 10014-2212
      View Details
    • Value Estimation
      $1,795,000
      8,920 SF

      12 Little W 12th St

      STORES & APARTMENTS • 8,920 SF
      12 Little W 12th St, New York, NY 10014-1303
      View Details
    • Value Estimation
      $3,520,000
      17,733 SF

      2 Bank St, Unit 4

      STORES & APARTMENTS • 17,733 SF
      2 Bank St, New York, NY 10014-5248
      View Details
    • Value Estimation
      $3,235,000
      16,548 SF

      141-143 10th St

      STORES & APARTMENTS • 16,548 SF
      141-143 10th St, New York, NY 10014
      View Details

    Similar Nearby for Sale

    • $4,500,000
      4,875 SF

      West Houston Commercial Building Opportunity

      Turn-of-the-century commercial building in prime West Houston location.
      205 West Houston St, New York, NY 10014
      View Details
    • $25,000,000
      25,517 SF

      Prime NYC Restaurant Opportunity

      Iconic Greenwich Village Location, High NOI
      387-401 Ave, New York, NY 10014
      View Details
    • $5,400,000
      2,390 SF

      West Village Mixed-Use Gem

      Prime West Village location, owner-user opportunity.
      15 8Th Ave, New York, NY 10014
      View Details
    • $975,000

      Multifamily Property in New York

      Multifamily property for sale in New York, NY.
      622 Washington St, New York, NY 10014
      View Details
    • $3,234,250
      Pending

      Apartment Building For Sale

      Apartment building for sale in New York, NY.
      380 W 12Th St, New York, NY 10014
      View Details
    • $999,000

      Residential Income Property For Sale

      Residential income property available for purchase in New York, NY.
      100 Bank St, New York, NY 10014
      View Details

    Similar Nearby for Lease

    • $200 SF/Yr
      5,100 SF

      Meatpacking District Restaurant - Turnkey

      Prime location, fully equipped, high-traffic.
      415 13Th St, New York, NY 10014
      View Details
    • New
      Contact for pricing

      Spaces Meatpacking District

      Workspaces, services and support to help you grow your business in Spaces Duke Street
      413 14Th St, New York, NY 10014
      View Details
    • $66 SF/Yr
      9,000 SF

      West Village Restaurant/Venue Gem

      9,000 SF, High-Traffic Location
      85 7Th Ave, New York, NY 10014
      View Details
    • $130 SF/Yr
      10,000 SF

      Meatpacking District Venue - 10,000 SF

      Prime Meatpacking District event space. High ceilings, large capacity.
      0 New York Ny, New York, NY 10014
      View Details
    • Contact for pricing
      540 SF

      Turn-Key Retail Space Available

      Retail space available in New York, NY.
      9 Christopher St, New York, NY 10014
      View Details
    • Contact for pricing
      3,604 SF

      Contemporary Office Space in Meatpacking

      Nine-story property offering downtown-style office space in a trend-setting location.
      2 Gansevoort St, New York, NY 10014
      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.
    223 4th St
    New York, NY 10014
    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.
    Sign Up Successful!
    You now have access to more from Realmo!