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Property profile & analytics
OFF-MARKET
Estimated value
$55,565,000
Hotels
396 Broadway New York, NY 10013-3500
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2406312
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1915
Total area
61,219 SF
Lot
0.12 ac (5,052 SF)
Zoning code
C62A
APN
00195-0007
UPID
US63-2406312
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wei Xirong Immigration Consulting Immigration & Naturalization Service
-
Blue Bottle Coffee Cafe & Coffee Shop
-
Steadfast Insurance Brokerage Insurance Agency
-
Mo & Cheng Inc Accounting Firm Tax Preparation
-
Fay Shop Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55.57M
Owner & transaction history
Bridgeton 396 Broadway Fee LLC · 12 yrs held
Bridgeton 396 Broadway Fee LLC
since 2014
7 recorded transactions
Zoning & alternative use
C62A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$89,945,000
Current use
INDUSTRIAL (GENERAL)
$84,510,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$79,700,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$55.57M
Range $50.01M – $61.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$908 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,108,159
Tax year 2024
Assessed value
$10,462,230
Assessed 2024
Previous assessed
$9,221,580
+13.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$697,500
Assessed improvement
$9,764,730
Land market value
$1,550,000
Improvement market value
$23,871,000
Total market value
$25,421,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
10
Units
4
Total area
61,219 SF
Lot
0.12 ac (5,052 SF)
Zoning code
C62A
APN
00195-0007
UPID
US63-2406312
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$89.9M
INDUSTRIAL (GENERAL)
Est. value
$84.5M
RETAIL STORES
Est. value
$79.7M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
10
Buildings
1
Units
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Bridgeton 396 Broadway Fee LLC
Entity
Mailing address
220 5TH AVE FL #19, NEW YORK, NY 10001-7792
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
—
Bridgeton 396 Broadway Fee, LLC
—
Deed
related
$5,000,000 · Riyad Bank Houston Agency
May 25, 2021
—
Hh Thompson Street LLC
—
Deed
related
$6,700,000 · Hanmi Bk
Oct 10, 2018
—
Bridgeton 396 Broadway Fee LLC
—
Deed
related
$2,812,014 · Bofi Federal Bank
Apr 7, 2016
—
Bridgeton 396 Broadway Fee LLC
—
Grant Deed
related
$29,342,718 · Centennial Bk
Apr 3, 2014
$42,000,000
Bridgeton 396 Broadway Fee LLC
396 Bway Realty Corp
Grant Deed
—
Mar 20, 2006
—
396 B'way Realty Corp
—
Trustees Deed
related
$3,650,000 · Independence Community Bank
—
—
396 Bway Realty Corp
—
Deed Of Trust
related
$300,471 · Independence Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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