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

    354 Broome St, Unit 7 New York, NY 10013-5460

    • Retail space
    • 4,310 SF
    OFF-MARKET
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3730557
    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

    • Kee & Lau-Kee / Law Firm
    • Hobbee / Industrial Manufacturer / Production Facility
    • Evolve Dance Inc / Training Center
    • Business lawyer (Ret.) / Law Firm

    Property Details for 354 Broome St

    Property size
    4,310 SF
    Zone code
    C62G
    Property type
    Retail space
    APN
    00478-1007
    APU
    4781007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,468,000
      Market price range: $2.31M - $9.37M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,610,000
      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
    -73.9949
    Latitude
    40.7201
    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
    $69,780
    $22,500
    $665,539
    $688,039
    -
    $50,000
    $1,414,000
    $1,464,000

    Comparable in this City

    • Value Estimation
      $925,000
      16,553 SF

      140 Franklin St Frnt, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 16,553 SF
      140 Franklin St Frnt, New York, NY 10013-2976
      View Details
    • Value Estimation by Request
      251 SF

      90 Franklin St, Unit C

      RETAIL STORES (PERSONAL SERVICES) • 251 SF
      90 Franklin St, New York, NY 10013-3492
      View Details
    • Value Estimation
      $695,000
      5,492 SF

      476 Broadway1com

      RETAIL STORES (PERSONAL SERVICES) • 5,492 SF
      476 Broadway1com, New York, NY 10013-2621
      View Details
    • Value Estimation
      $3,835,000
      4,550 SF

      39 Moore St, Unit PU

      RETAIL STORES (PERSONAL SERVICES) • 4,550 SF
      39 Moore St, New York, NY 10013-2474
      View Details
    • Value Estimation by Request
      7,172 SF

      92-94 Laight St, Unit RETL4

      RETAIL STORES (PERSONAL SERVICES) • 7,172 SF
      92-94 Laight St, New York, NY 10013
      View Details
    • Value Estimation
      $6,265,000
      5,405 SF

      62 Bch Ste

      RETAIL STORES (PERSONAL SERVICES) • 5,405 SF
      62 Bch Ste, New York, NY 10013-2382
      View Details

    Similar Nearby for Sale

    • $100,000
      1,200 SF

      Established Manhattan Beauty Spa for Sale

      Turnkey spa business with steady income and growth potential.
      123 Baxter St, Manhattan, NY 10013
      View Details
    • Contact for pricing
      3,363 SF

      Retail Space in Tribeca South

      Retail space in high-traffic area with income potential.
      158 Franklin St, New York, NY 10013
      View Details
    • Contact for pricing
      6,313 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available for sale in New York.
      450 Washington St, New York, NY 10013
      View Details
    • Contact for pricing
      4,153 SF

      Tribeca Retail Condo For Sale

      Prime Tribeca Retail Space, 12,148 SF
      351 Broadway, New York, NY 10013
      View Details
    • $14,000,000
      7,971 SF

      Tribeca Commercial Condo For Sale

      7,971 SF commercial condo in prime Tribeca location.
      66 White St, New York, NY 10013
      View Details
    • $7,250,000
      5,182 SF

      Manhattan Retail Space For Sale

      Retail property in premier Manhattan corridor, ready for occupancy.
      129 Lafayette St, New York, NY 10013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,061 SF

      Tribeca Retail Space For Rent

      Retail space in the heart of Tribeca available for rent.
      111 Worth St, New York, NY 10013
      View Details
    • Contact for pricing
      2,500 SF

      SoHo Retail Space with Basement

      Prime SoHo retail space with high ceilings and storage.
      47 Howard St, New York, NY 10013
      View Details
    • Contact for pricing
      650 SF

      Retail Space in New York

      Retail space available for rent in New York, NY.
      42 Hudson St, New York, NY 10013
      View Details
    • Contact for pricing
      463 SF

      Bowery Retail Space Available

      Retail space for rent at the intersection of Bowery.
      210 Bowery, New York, NY 10013
      View Details
    • Contact for pricing
      1,075 SF

      Tribeca Retail Space For Rent

      Newly renovated retail space in prime Tribeca location.
      29-31 Leonard St, New York, NY 10013
      View Details
    • Contact for pricing
      300 SF

      Tribeca/Hudson Square Retail/Office Space

      Charming retail/office space with farmhouse features and exposed brick.
      508 Canal 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.
    354 Broome St, Unit 7
    New York, NY 10013-5460
    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.