Property profile

40 Water St New York, NY 10004

OFF-MARKET
Office buildings
Property ID
US63-2924902
7,050 SF 0.03 ac lot Built 1920
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1920
Total area 7,050 SF
Lot 0.03 ac (1,462 SF)
Zoning code C5-5
APN 00030-0034
UPID US63-2924902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spiritual Center
  • Alternative Medicine Practice Spa & Massage Center
  • Advertising Agency Marketing & Advertising
  • Training Center Vocational School
  • Production Facility Building Supply

Location

40 Water St New York, NY 10004-2626
New York metro Census 900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.63M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.14M

Owner & transaction history

since 2010
7 recorded transactions
2024
Price N/A
2010
$2.2M
2000
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C5-5 · New York, NY
Top alternative use upside
Commercial (general) $5.1M +13.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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