Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    279 Church St New York, NY 10013-3475
    Back to Search
    Property profile & analytics

    279 Church St New York, NY 10013-3475

    View on Map
    • Retail residential properties
    • 8,971 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US63-1046599
    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.
    Value Estimations
    $3,070,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tribeca Journal Studio / Photography Service / (Bike/Boat/Book/etc) Store
    • NYLO Fitness / Gym & Fitness Center
    • TRIBECA / Bakery / Specialty Food Shop
    • The Top Shelf / Grocery & Convenience Store

    Property Details for 279 Church St

    Year built
    1910
    Lot size
    0.04 lot acres
    Property size
    8,971 SF
    Zone code
    C62A
    Property type
    Retail residential properties
    APN
    00175-0016
    APU
    1750016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0047
    Latitude
    40.7186
    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
    $89,704
    $193,500
    $675,910
    $869,410
    -
    $430,000
    $1,452,000
    $1,882,000

    Comparable in this City

    • Value Estimation
      $4,140,000
      9,602 SF

      13 Mott St

      STORES & APARTMENTS • 9,602 SF
      13 Mott St, New York, NY 10013-5025
      View Details
    • Value Estimation
      $6,115,000
      15,603 SF

      167 Mott St

      STORES & APARTMENTS • 15,603 SF
      167 Mott St, New York, NY 10013-5438
      View Details
    • Value Estimation
      $4,625,000
      10,700 SF

      43 Mott St

      STORES & APARTMENTS • 10,700 SF
      43 Mott St, New York, NY 10013-5078
      View Details
    • Value Estimation
      $5,425,000
      12,582 SF

      107 Mott St

      STORES & APARTMENTS • 12,582 SF
      107 Mott St, New York, NY 10013-4981
      View Details
    • Value Estimation
      $7,390,000
      21,866 SF

      78-80 Mulberry St

      STORES & APARTMENTS • 21,866 SF
      78-80 Mulberry St, New York, NY 10013
      View Details
    • Value Estimation
      $11,565,000
      26,952 SF

      30-32 Grand St

      STORES & APARTMENTS • 26,952 SF
      30-32 Grand St, New York, NY 10013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Prime Chinatown Commercial Corner Building

      Four-story mixed-use building in prime Chinatown location.
      274 Canal St, New York, NY 10013
      View Details
    • $14,000,000
      4,800 SF

      Chinatown Mixed-Use Corner Building

      Four-story commercial building with approved expansion plans in Chinatown.
      274 Canal St, New York, NY 10013
      View Details
    • $11,000,000
      5,000 SF

      Chinatown Mixed-Use Building For Sale

      Mixed-use building in Chinatown with retail and residential units.
      91 Baxter St, Manhattan, NY 10013
      View Details
    • $14,000,000

      Chinatown Corner Mixed-Use Building

      Four-story commercial building with approved plans in prime Chinatown location.
      274 Canal St, New York, NY 10013
      View Details
    • Contact for pricing
      19,873 SF

      SoHo Mixed-Use Conversion Opportunity

      Five-story mixed-use building in SoHo with conversion potential.
      151 Grand St, New York, NY 10013
      View Details
    • $6,950,000
      5,647 SF

      Tribeca Mixed-Use Townhouse Opportunity

      Five-unit mixed-use townhouse in prime Tribeca location.
      183 Duane St, Manhattan, NY 10013
      View Details

    Similar Nearby for Lease

    • $150,000
      5,832 SF

      5,832 SF Four Bedroom Penthouse For Lease

      5,832 SF Four Bedroom Penthouse For Lease
      565 BROOME St NPH, New York, NY 10013
      View Details
    • Contact for pricing

      Soho Office/Retail Space Available

      Prime mixed-use property in the heart of Soho.
      31 Howard St, New York, NY 10013
      View Details
    • Contact for pricing

      TriBeCa Mixed-Use Investment Opportunity

      Mixed-use property in prime TriBeCa location with strong cash flow.
      135 Reade St, New York, NY 10013
      View Details
    • Contact for pricing

      SoHo Retail Space Available

      Prime retail location in SoHo, steps from Broadway.
      444 Broome St, New York, NY 10013
      View Details
    • Contact for pricing

      Chinatown Building with Full Floor

      50,000 SF Chinatown building with flexible floorplates for rent.
      168 Canal St, New York, NY 10013
      View Details
    • Contact for pricing

      Retail Space on Franklin Street

      High-visibility retail space with mezzanine and potential venting.
      68 Franklin St, New York, NY 10013
      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.
    279 Church St
    New York, NY 10013-3475
    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

    Thank You for Inquiry
    279 Church St, New York, NY, 10013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!