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

    353 Central Park W1b New York, NY 10025-6597

    • Flex space
    • 709 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2022
    $850,000
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2900211
    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

    • Joodi Parwiz M.D. / Physician
    • Barbara K. Eisold, Barbara / Physician
    • Lenger Ellis S MD / Physician
    • Kenneth Eisold, PHD / Physician / Medical Clinic
    • 353 Central Park W / Condominium Complex

    Property Details for 353 Central Park W1b

    Year built
    1992
    Lot size
    0.07 lot acres
    Property size
    709 SF
    Zone code
    R10A
    Property type
    Flex space
    APN
    01209-1002
    APU
    12091002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $960,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,465,000
      Current 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
    -73.9653
    Latitude
    40.7912
    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
    $20,428
    $43,084
    $149,781
    $192,865
    -
    $95,743
    $340,042
    $435,785

    Comparable in this City

    • Value Estimation
      $5,200,000
      43,268 SF

      795 Columbus Ave, Unit CFU1

      LIGHT INDUSTRIAL • 43,268 SF
      795 Columbus Ave, New York, NY 10025-5920
      View Details
    • Value Estimation
      $820,000
      5,391 SF

      352 110th Stcf-n

      LIGHT INDUSTRIAL • 5,391 SF
      352 110th Stcf-n, New York, NY 10025-2637
      View Details
    • Value Estimation by Request
      543 SF

      650 End Ave, Unit GC

      LIGHT INDUSTRIAL • 543 SF
      650 End Ave, New York, NY 10025-7355
      View Details
    • Value Estimation
      $2,090,000
      10,976 SF

      775 Columbus Ave, Unit CFU

      LIGHT INDUSTRIAL • 10,976 SF
      775 Columbus Ave, New York, NY 10025-5967
      View Details
    • Value Estimation by Request
      2,300 SF

      2664 Broadway

      Flex space • 2,300 SF
      2664 Broadway, New York, NY 10025
      View Details
    • Value Estimation by Request
      1,639 SF

      2581 Broadway

      Flex space • 1,639 SF
      2581 Broadway, New York, NY 10025
      View Details

    Similar Nearby for Sale

    • $4,475,000

      Residential Income Property in New York

      Multifamily property for sale in New York, NY.
      32 W 95Th St, New York, NY 10025
      View Details
    • $1,600,000

      Riverside Drive Apartment Building

      Apartment building located on Riverside Drive in New York.
      325 Riverside Dr, New York, NY 10025
      View Details
    • $23,000,000
      23,892 SF

      Vacant Land in Prime Location

      Large vacant land parcel near transportation and development opportunities.
      235 E 101St St, New York, NY 10025
      View Details
    • $499,000

      Specialty Property for Sale

      Specialty property available for purchase in New York, NY.
      609 W 114Th St, New York, NY 10025
      View Details
    • $450,000

      Riverside Drive Apartment For Sale

      Apartment for sale at 310 Riverside Dr, New York.
      310 Riverside Dr, New York, NY 10025
      View Details
    • $1,495,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      600 W 111Th St, New York, NY 10025
      View Details

    Similar Nearby for Lease

    • $108 SF/Yr
      1,000 SF

      Broadway Office Space: UWS Gem

      Prime Upper West Side office, 1000 sq ft.
      0 Office Spc On Broadway, New York, NY 10025
      View Details
    • $50 SF/Yr
      24,000 SF

      Iconic UWS Theater Space For Lease

      Massive 24,000 SF Venue - High Traffic!
      2625 Broadway, New York, NY 10025
      View Details
    • $197 SF/Yr
      850 SF

      Broadway Retail Space: 850 SF

      Prime Upper West Side restaurant space.
      2707 Broadway, New York, NY 10025
      View Details
    • Contact for pricing
      910 SF

      Retail Space on Amsterdam Avenue

      910 SF retail space available for rent in New York.
      644 Amsterdam Ave, New York, NY 10025
      View Details
    • $3,000 /Mo
      865 SF

      Renovated Suites Near Central Park

      Turn-key medical, wellness, or professional suites for rent.
      50 W 97Th St, New York, NY 10025
      View Details
    • Contact for pricing
      11,816 SF

      Columbus Avenue Retail Space Available

      Retail space near Central Park, adjacent to Trader Joe’s.
      660 Columbus Ave, New York, NY 10025
      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.
    353 Central Park W1b
    New York, NY 10025-6597
    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.