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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Lafayette St New York, NY 10003-0078

    • Office buildings
    • 93,048 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2023
    $97,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1679301
    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

    • La Colombe Coffee Roasters / Espresso Bar / Coffee Shop
    • Al's Best Electric Co. Inc / Electrician
    • Cleaner Steamer / Fire Damage Restoration Service / Upholstery Cleaning Service
    • TVTY Inc. / Advertising Agency

    Property Details for 400 Lafayette St

    Year built
    1890
    Lot size
    0.41 lot acres
    Property size
    93,048 SF
    Zone code
    M15R9A
    Property type
    Office buildings
    APN
    00545-0053
    APU
    5450053

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $75,864,000
      Market price range: $14.1M - $114M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $59,435,000
      Current use
      RETAIL STORES
      $122,365,000
      Change: +106% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $85,300,000
      Change: +44% Conversion: Easy
      COMMERCIAL (GENERAL)
      $78,705,000
      Change: +32% Conversion: Easy
      WAREHOUSE, STORAGE
      $76,035,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9933
    Latitude
    40.7283
    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
    $1,941,259
    $1,435,500
    $17,316,921
    $18,752,421
    -
    $3,190,000
    $37,538,000
    $40,728,000

    Comparable in this City

    • Value Estimation
      $725,000
      97,020 SF

      409-413 Lafayette St

      OFFICE BUILDING (MULTI-STORY) • 97,020 SF
      409-413 Lafayette St, New York, NY 10003
      View Details
    • Value Estimation
      $1,790,000
      5,320 SF

      35 19th St

      OFFICE BUILDING (MULTI-STORY) • 5,320 SF
      35 19th St, New York, NY 10003-1359
      View Details
    • Value Estimation
      $5,900,000
      52,192 SF

      30 Cooper Sq

      OFFICE BUILDING (MULTI-STORY) • 52,192 SF
      30 Cooper Sq, New York, NY 10003-7120
      View Details
    • Value Estimation
      $5,410,000
      15,245 SF

      901 Broadway

      OFFICE BUILDING (MULTI-STORY) • 15,245 SF
      901 Broadway, New York, NY 10003-1205
      View Details
    • Value Estimation
      $9,365,000
      21,060 SF

      125-127 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 21,060 SF
      125-127 5th Ave, New York, NY 10003
      View Details
    • Value Estimation
      $29,540,000
      56,827 SF

      836-838 Broadway

      OFFICE BUILDING (MULTI-STORY) • 56,827 SF
      836-838 Broadway, New York, NY 10003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      97,020 SF

      Prime NoHo District Location

      Located in NoHo, near amenities, transit, and New York University.
      411 Lafayette St, New York, NY 10003
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      Vacant Retail/Medical/Office Opportunity

      Vacant property suitable for retail, medical, or office use.
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      Prime Location Near Union Square

      Located north of Union Square and Broadway pedestrian plaza.
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      Prime NYC Mixed-Use Investment

      Historic 11,250 SF building, high potential.
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      Lower Fifth Avenue Office Space

      Professional office space in a prime Manhattan location.
      51 5Th Ave, New York, NY 10003
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      Apartment Building in New York

      Apartment building for sale in New York, NY.
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    Similar Nearby for Lease

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      5,000 SF

      Flatiron District Office Space Available

      12-story office building in Flatiron District with 24/7 access.
      45 E 20Th St, New York, NY 10003
      View Details
    • $35 SF/Yr
      230,000 SF

      Office Space Available For Rent

      Office space available for rent. Contact agent for more information.
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      View Details
    • $51 SF/Yr
      5,254 SF

      Flatiron District Office Space

      Renovated office building in Manhattan's Flatiron District for rent.
      36 W 20Th St, New York, NY 10003
      View Details
    • Contact for pricing
      3,726 SF

      Renovated Office Building in New York

      12-story office building with renovated lobby and passenger elevators.
      151 W 19Th St, New York, NY 10003
      View Details
    • Contact for pricing
      6,044 SF

      Koreatown Office Space for Rent

      13-story office building in Koreatown with ongoing renovations.
      304 5Th Ave, New York, NY 10003
      View Details
    • Contact for pricing
      2,500 SF

      Renovated Office Space Available

      Newly renovated office space with flexible leasing options.
      237 1St Ave, New York, NY 10003
      View Details
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    400 Lafayette St
    New York, NY 10003-0078
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    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
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