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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    260 West 36Th St New York, NY 10018

    • Banks
    • 81,375 SF
    • 0.17 lot acres
    For Lease
    View listing
    Last Sale
    Jan 04, 2023
    $33,000,000
    Value Estimations
    $32,130,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2795480
    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

    • Sepia New York / Research And Product Development
    • MUSIC MAKERS NY / (Bike/Boat/Book/etc) Store
    • Paradox Prints Archive / Morphew Vintage Collection / (Bike/Boat/Book/etc) Store
    • Rainbow Pattern Inc / (Bike/Boat/Book/etc) Store
    • Lion Fabrics Corporation / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 260 West 36Th St

    Year built
    1907
    Lot size
    0.17 lot acres
    Property size
    81,375 SF
    Zone code
    M1-6
    Property type
    Banks
    APN
    00785-0075
    APU
    7850075

    Description

    This exceptional 10-story executive office building, located at 260 West 36th Street in New York, NY 10018, offers a substantial 81,339 square feet of prime office space. Situated in New York County, this property boasts a highly desirable M16-GC zoning permit, providing significant flexibility for a variety of commercial uses. The building's strategic location in the heart of New York City ensures excellent accessibility and visibility, making it an ideal investment opportunity for discerning buyers. The address, 260 West 36th Street, is easily identifiable and benefits from strong pedestrian and vehicular traffic. The building's impressive size and modern design present a unique opportunity to acquire a significant commercial asset in a thriving urban environment. With its ten stories, the building offers ample space for a variety of configurations, catering to the needs of large corporations or multiple tenants. The M16-GC zoning classification opens doors to a wide range of potential uses, maximizing the property's investment potential. This property is currently available for sale and presents a rare chance to own a substantial and well-located commercial building in one of the world's most dynamic cities. The building's size and zoning make it suitable for a variety of business ventures, offering a strong return on investment for the right buyer. Interested parties are encouraged to explore the possibilities this exceptional property presents. The geographic coordinates are 40.7530087 latitude and -73.9920057 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $31,330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $31,183,000
      Market price range: $7.31M - $63.7M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $36,290,000
      Current use
      OFFICE BUILDING
      $51,980,000
      Change: +43% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $44,030,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.992
    Latitude
    40.753
    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
    $608,976
    $567,000
    $5,182,397
    $5,749,397
    -
    $1,260,000
    $12,447,000
    $13,707,000

    Comparable in this City

    • Value Estimation by Request
      64,280 SF

      237-239 37th St

      FINANCIAL BUILDING • 64,280 SF
      237-239 37th St, New York, NY 10018
      View Details
    • Value Estimation
      $23,730,000
      163,103 SF

      225 37th St, Unit 235

      FINANCIAL BUILDING • 163,103 SF
      225 37th St, New York, NY 10018-5703
      View Details
    • Value Estimation
      $45,945,000
      130,766 SF

      240 37th St, Unit 250

      FINANCIAL BUILDING • 130,766 SF
      240 37th St, New York, NY 10018-6604
      View Details
    • Value Estimation
      $39,350,000
      214,130 SF

      247 37th St, Unit 263

      FINANCIAL BUILDING • 214,130 SF
      247 37th St, New York, NY 10018-5706
      View Details
    • Value Estimation
      $31,385,000
      156,508 SF

      318 39th St

      FINANCIAL BUILDING • 156,508 SF
      318 39th St, New York, NY 10018-1407
      View Details
    • Value Estimation
      $18,160,000
      79,056 SF

      15-19 39th St

      FINANCIAL BUILDING • 79,056 SF
      15-19 39th St, New York, NY 10018
      View Details

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      View Details
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    260 West 36Th St
    New York, NY 10018
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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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