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

    264 Bowery New York, NY 10012-3674

    • Retail residential properties
    • 4,872 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2089240
    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

    • Fred Gutzeit / Artist

    Property Details for 264 Bowery

    Year built
    1920
    Lot size
    0.04 lot acres
    Property size
    4,872 SF
    Zone code
    C6-1
    Property type
    Retail residential properties
    APN
    00507-0032
    APU
    5070032

    Description

    This exceptional retail property, located at 264 Bowery in the vibrant Nolita neighborhood of New York City (zip code 10012), offers a unique leasing opportunity. The building encompasses a total of 2,500 square feet, currently entirely vacant and available for lease. The property is configured as a multi-tenant building with two individual suites available. Each prospective tenant has flexibility, with a minimum leasable space of 1,000 square feet and a maximum contiguous space of 1,500 square feet. This allows for adaptability to various business needs and sizes. The property's location in New York County provides excellent access to a high volume of foot traffic and is situated within a thriving commercial district. This presents a rare chance to establish a presence in one of Manhattan's most sought-after neighborhoods. The entire 2,500 square feet is currently vacant, presenting a blank canvas for a creative and impactful retail presence. This is an ideal opportunity for businesses seeking a high-visibility location in a dynamic and densely populated area. The property's address is 264 Bowery, New York, NY 10012.

    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
    -73.9933
    Latitude
    40.7234
    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
    $49,332
    $135,000
    $330,750
    $465,750
    -
    $300,000
    $735,000
    $1,035,000

    Comparable in this City

    • Value Estimation
      $4,745,000
      13,750 SF

      78 Greene St

      STORES & APARTMENTS • 13,750 SF
      78 Greene St, New York, NY 10012-5100
      View Details
    • Value Estimation
      $5,865,000
      20,547 SF

      134 Houston St

      STORES & APARTMENTS • 20,547 SF
      134 Houston St, New York, NY 10012-2512
      View Details
    • Value Estimation
      $10,625,000
      21,463 SF

      86 Kenmare St, Unit 96

      STORES & APARTMENTS • 21,463 SF
      86 Kenmare St, New York, NY 10012-4541
      View Details
    • Value Estimation
      $4,485,000
      10,392 SF

      50 Macdougal St

      STORES & APARTMENTS • 10,392 SF
      50 Macdougal St, New York, NY 10012-2938
      View Details
    • Value Estimation
      $1,735,000
      9,155 SF

      99 Macdougal St

      STORES & APARTMENTS • 9,155 SF
      99 Macdougal St, New York, NY 10012-5031
      View Details
    • Value Estimation
      $5,010,000
      11,500 SF

      119 Mercer St

      STORES & APARTMENTS • 11,500 SF
      119 Mercer St, New York, NY 10012-3878
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,377 SF

      69 Macdougal St

      Multifamily properties • 3,377 SF
      69 Macdougal St, New York, NY 10012
      View Details
    • Contact for pricing
      39,020 SF

      Nolita Multifamily Portfolio

      Prime Nolita location, 40 units, high ROI.
      260 Elizabeth St, New York, NY 10012
      View Details
    • $3,995,000
      Pending

      Residential Income Property in New York

      Residential income property for sale in New York, NY.
      393 W Broadway 4Wb, New York, NY 10012
      View Details
    • $4,000,000
      Pending

      Prince Street Specialty Property

      Specialty property available for sale in New York, NY.
      123 Prince St, New York, NY 10012
      View Details
    • $3,995,000

      Residential Property in New York

      Residential property for sale in New York, NY.
      55 Prince St, New York, NY 10012
      View Details
    • $3,125,000
      Pending

      Mercer Street Apartment Building

      Apartment building located on Mercer Street, New York.
      121 Mercer St, New York, NY 10012
      View Details

    Similar Nearby for Lease

    • $13,550 /Mo

      New York, NY 10012

      PRIME NOLITA RETAIL STORE FOR RENT - HEAVY FOOT TRAFFIC
      New York, NY 10012
      View Details
    • Contact for pricing
      551 SF

      SoHo Office Building For Rent

      First-class, 15-story office building in SoHo with 24/7 access.
      270 Lafayette St, New York, NY 10012
      View Details
    • Contact for pricing
      6,213 SF

      Retail Space on Broadway, NYC

      Prime retail space available on Broadway in New York City.
      380 Broadway, New York, NY 10012
      View Details
    • Contact for pricing
      1,521 SF

      Soho Bi-Level Showroom Space

      Bi-level showroom space with skylight in luxurious Soho location.
      107-111 Greene St, New York, NY 10012
      View Details
    • Contact for pricing
      1,800 SF

      Prime Retail Space on Greene

      Retail space with lower level and outdoor terrace for rent.
      65 Greene St, New York, NY 10012
      View Details
    • Contact for pricing
      1,036 SF

      Retail Space on Greene Street

      Retail space available for rent on Greene Street, New York.
      92 Greene St, New York, NY 10012
      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.
    264 Bowery
    New York, NY 10012-3674
    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!