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

    418 14th St New York, NY 10014-1002

    • Office buildings
    • 55,170 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $21,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3335120
    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

    • Mike deli & convenience / Deli
    • $1.50 Pizza / Pizza Takeout
    • Adam's Deli & Convenience / Deli
    • Hair Design / Beauty Salon

    Property Details for 418 14th St

    Year built
    1900
    Lot size
    0.18 lot acres
    Property size
    55,170 SF
    Zone code
    M1-5
    Property type
    Office buildings
    APN
    00646-0032
    APU
    6460032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,710,000
      6.5%
      $28,350,000
      7%
      $26,325,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $35,240,000
      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
    -74.0065
    Latitude
    40.7411
    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
    $1,521,626
    $697,500
    $14,227,010
    $14,924,510
    -
    $1,550,000
    $30,374,000
    $31,924,000

    Comparable in this City

    • Value Estimation
      $17,555,000
      68,476 SF

      183-187 Varick St

      OFFICE BUILDING (MULTI-STORY) • 68,476 SF
      183-187 Varick St, New York, NY 10014
      View Details
    • Value Estimation by Request
      5,317 SF

      67 Gansevoort St

      OFFICE BUILDING (MULTI-STORY) • 5,317 SF
      67 Gansevoort St, New York, NY 10014-1412
      View Details
    • Value Estimation
      $4,435,000
      14,426 SF

      348 14th St

      OFFICE BUILDING (MULTI-STORY) • 14,426 SF
      348 14th St, New York, NY 10014-5069
      View Details
    • Value Estimation
      $15,670,000
      38,468 SF

      413 14th St, Unit 419

      OFFICE BUILDING (MULTI-STORY) • 38,468 SF
      413 14th St, New York, NY 10014-1023
      View Details
    • Value Estimation
      $735,000
      2,343 SF

      303 13th St

      OFFICE BUILDING (MULTI-STORY) • 2,343 SF
      303 13th St, New York, NY 10014-1207
      View Details
    • Value Estimation
      $1,950,000
      9,343 SF

      173-175 Christopher St

      OFFICE BUILDING (MULTI-STORY) • 9,343 SF
      173-175 Christopher St, New York, NY 10014
      View Details

    Similar Nearby for Sale

    • $2,360,000
      2,478 SF

      West Village Restaurant - $2.36M

      Prime NYC restaurant space, vacant, high NOI.
      306 13Th St, New York, NY 10014
      View Details
    • $29,995,000
      13,000 SF

      West Village Double-Wide Mansion

      Rare 44-foot wide mansion in prime West Village location.
      44-46 Barrow St, New York City, NY 10014
      View Details
    • $750,000

      West Village Studio Blank Canvas

      Charming studio with prewar character ready for renovation.
      22 Perry St, New York City, NY 10014
      View Details
    • $1,545,000

      Residential Income Property For Sale

      Residential income property available for purchase in New York, NY.
      636 Washington St, New York, NY 10014
      View Details
    • $7,500,000

      Greenwich Village Corner Property

      Vacant corner property in Greenwich Village with development potential.
      21 Greenwich Ave, New York, NY 10014
      View Details
    • $750,000

      Commerce Street Multifamily Opportunity

      Multifamily property for sale in New York, NY.
      46 Commerce St, New York, NY 10014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,520 SF

      Charlton Street Office Space Available

      Office space for rent in New York, NY.
      58-62 Charlton St, New York, NY 10014
      View Details
    • Contact for pricing
      11,191 SF

      Hudson Square Office Space Available

      17-story office building with on-site amenities and convenient transportation.
      180 Varick St, New York, NY 10014
      View Details
    • Contact for pricing
      26,445 SF

      Hudson Street Office Space Available

      Office building with 593,164 square feet available for rent.
      395 Hudson St, New York, NY 10014
      View Details
    • Contact for pricing
      89,284 SF

      Manhattan Office Space Available

      Office space available for rent in Manhattan, New York.
      132 Crosby St, Manhattan, NY 10014
      View Details
    • Contact for pricing
      650,000 SF

      West Village Theater Space For Lease

      Prime West Village Theater - 5,629 SF
      55 Bethune St, New York, NY 10014
      View Details
    • Contact for pricing
      650,000 SF

      Hudson Square Office Space

      8,848 sq ft, West Village gem
      55 Bethune St, New York, NY 10014
      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.
    418 14th St
    New York, NY 10014-1002
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.