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    236 30Th St New York, NY 10001

    • Office space
    • 60,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0990134
    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

    • docero / Internet Marketing Service / Marketing Agency
    • Manhattan Concert Productions / Arts Organization / Concert Hall
    • Addy - Local ads made easy! / Corporate Office
    • Law Offices of Paul Share / Attorney
    • Verby Peter / Attorney

    Property Details for 236 30Th St

    Year built
    1967
    Property size
    60,000 SF
    Property type
    Office space
    Property subtype
    Coworking space

    Description

    This exceptional office space at 236 W 30th St, located in the vibrant Chelsea submarket of New York County, offers a variety of configurations to suit diverse business needs. The building, constructed in 1967, boasts a total of 60,000 square feet and currently features multiple tenancies. Available suites range from 2,700 to 5,400 square feet, providing ample space for expansion or consolidation. Each suite is designed with high-end finishes, including large windows offering abundant natural light, private elevator landings for enhanced privacy and convenience, and polished concrete floors. Additional amenities include private tiled restrooms, a well-equipped pantry, high ceilings, and climate-controlled HVAC systems. The building also features a beautifully renovated lobby and readily accessible conference rooms. This prime location in the Garment District offers unparalleled access to public transportation, with proximity to the A, C, E, 1, 2, 3, B, D, F, and M subway lines, as well as numerous bus routes. A wealth of restaurants, bars, and other amenities are within easy walking distance, making this an ideal location for businesses seeking a dynamic and convenient work environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.994110505979
    Latitude
    40.749181286838

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    Similar Nearby for Lease

    • $85 SF/Yr
      4,800 SF

      Chelsea Office Space: 3 Floors Available

      Prime Manhattan location, 850 sq ft floors.
      297 7Th Ave, New York, NY 10001
      View Details
    • $40 SF/Yr
      92,037 SF

      Midtown Manhattan Office Space

      Prime Garment District location, flexible suites available.
      147 35Th St, 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
    • $22 SF/Yr
      55,754 SF

      Madison Square Garden Office Suites

      Prestigious NYC Office Space: Coworking & More
      5 19Th St, New York, NY 10001
      View Details
    • Contact for pricing
      9,000 SF

      Prime Midtown Medical Office Space

      NYC Medical Office Suites Available Now
      140 34Th St, New York, NY 10001
      View Details
    • Contact for pricing
      10,061 SF

      Prime Midtown Medical Office Space

      NYC Medical Office Suites Available Now
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    236 30Th St
    New York, NY 10001
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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.

    More about this property
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