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

    243 60th St, Unit 2C New York, NY 10023-7487

    • Retail space
    • 1,715 SF
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3677370
    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

    • Metro Drugs / Pharmacy
    • Adagio Condominium / Condominium Complex
    • Flowers by Special Arrangement / Florist
    • JSJ Nail Spa / Nail Salon

    Property Details for 243 60th St

    Year built
    2007
    Property size
    1,715 SF
    Zone code
    C6-2
    Property type
    Retail space
    APN
    01152-1102
    APU
    11521102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $580,000
      6.5%
      $535,000
      7%
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9891
    Latitude
    40.7721
    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
    $30,264
    $15,614
    $277,400
    $293,014
    -
    $34,697
    $600,249
    $634,946

    Comparable in this City

    • Value Estimation by Request
      32,400 SF

      2008 Broadway

      Individual retail properties • 32,400 SF
      2008 Broadway, New York, NY 10023
      View Details
    • Value Estimation
      $790,000
      5,000 SF

      2120-2122 Broadway, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      2120-2122 Broadway, New York, NY 10023
      View Details
    • Value Estimation
      $14,780,000
      9,852 SF

      2021 Broadwaycomm

      RETAIL STORES (PERSONAL SERVICES) • 9,852 SF
      2021 Broadwaycomm, New York, NY 10023
      View Details
    • Value Estimation
      $1,200,000
      8,505 SF

      45 67th St

      RETAIL STORES (PERSONAL SERVICES) • 8,505 SF
      45 67th St, New York, NY 10023-6257
      View Details
    • Value Estimation
      $1,090,000
      6,463 SF

      155 70th Stcomm

      RETAIL STORES (PERSONAL SERVICES) • 6,463 SF
      155 70th Stcomm, New York, NY 10023-4419
      View Details
    • Value Estimation
      $945,000
      5,468 SF

      200 72nd Stret2

      RETAIL STORES (PERSONAL SERVICES) • 5,468 SF
      200 72nd Stret2, New York, NY 10023-3194
      View Details

    Similar Nearby for Sale

    • $539,000

      High-Floor Studio with Park View

      Renovated alcove studio with east-facing windows and full amenities.
      160 W End Ave, New York, NY 10023
      View Details
    • $225,000

      Lincoln Square Studio Investment Opportunity

      Studio apartment in prime Lincoln Square location, rent stabilized.
      25 W 64Th St, New York, NY 10023
      View Details
    • $739,000

      West End Avenue Apartment Building

      Apartment building for sale on West End Avenue.
      165 W End Ave, New York, NY 10023
      View Details
    • $5,750,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      138 W 73Rd St, New York, NY 10023
      View Details
    • $3,250,000

      Central Park West Apartment Building

      Apartment building located on Central Park West in New York.
      115 Central Park W 6K, New York, NY 10023
      View Details
    • $699,000

      Residential Property on West 72nd

      Residential property for sale in New York, NY.
      49 W 72Nd St, New York, NY 10023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      522 SF

      Retail Space Near Lincoln Center

      Retail space in vibrant neighborhood, steps from Lincoln Center.
      62 W 62Nd St, New York, NY 10023
      View Details
    • $17,000 /Mo
      2,400 SF

      Retail Space Near Medical Facilities

      Two-story retail space with excellent access to medical facilities.
      502 E 74Th St, New York, NY 10023
      View Details
    • Contact for pricing
      32,400 SF

      Broadway Retail Opportunity

      Prime NYC Retail Space Available
      2008 Broadway, New York, NY 10023
      View Details
    • Contact for pricing
      2,634 SF

      Broadway Retail Opportunity Near Columbus

      Prime retail space near Columbus Circle and Lincoln Center.
      1865 Broadway, New York, NY 10023
      View Details
    • Contact for pricing
      314 SF

      Retail Space Near Central Park

      Retail space with high foot traffic, near multiple subway lines.
      166 W 72Nd St, New York, NY 10023
      View Details
    • Contact for pricing
      12,158 SF

      Prime Retail Space Near Lincoln

      Highly visible retail location on the Upper West Side.
      144 Columbus Ave, New York, NY 10023
      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.
    243 60th St, Unit 2C
    New York, NY 10023-7487
    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.