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Property profile & analytics
OFF-MARKET
Estimated value
$20,335,000
Banks
434 Broadway, New York, NY 10013-2563
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3888588
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1910
Total area
52,065 SF
Lot
0.14 ac (5,905 SF)
Zoning code
M15R9X
APN
00232-0001
UPID
US63-3888588
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
-
Lampiasi & Associates Llp Law Firm
-
Champion (Bike/Boat/Book/etc) Store
-
MayStar Consulting Consultant
-
EdApp Training Center Tutoring Service
-
Move 4 Less LLC Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.34M
Owner & transaction history
Bell Sound Ny LLC · 6 yrs held
Bell Sound Ny LLC
since 2020
7 recorded transactions
Zoning & alternative use
M15R9X · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$28.2M
+21.3%
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
FINANCIAL BUILDING
$23,220,000
Current use
APARTMENT HOUSE (5+ UNITS)
$28,170,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$20.34M
Range $18.30M – $22.37M · ±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
$391 / 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
$1,009,943
Tax year 2024
Assessed value
$9,534,960
Assessed 2024
Previous assessed
$8,979,930
+6.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$603,000
Assessed improvement
$8,931,960
Land market value
$1,340,000
Improvement market value
$24,060,000
Total market value
$25,400,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
9
Units
6
Total area
52,065 SF
Lot
0.14 ac (5,905 SF)
Zoning code
M15R9X
APN
00232-0001
UPID
US63-3888588
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R9X · New York, NY
Zoning M15R9X · permitted uses
M15R9X · 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
FINANCIAL BUILDING Current
Est. value
$23.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.2M
FINANCIAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1910
Heating
NONE
Stories
9
Buildings
1
Units
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bell Sound Ny LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2-CHOME TOWER 23RD TOKYO TORANOMON- 106TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jul 1, 2020
—
Bell Sound Ny LLC
Bell Sound USA LLC
Quit Claim Deed
—
Jan 16, 2020
$98,284,098
Bell Sound USA LLC
Broadway Prop Invtrs 434 III
Grant Deed
—
Nov 23, 2016
—
434 Broadway Prop Invtrs III L
—
Deed
related
$61,452,054 · Deutsche Bk Ag/ny Branch
Nov 25, 2013
$62,000,000
434 Broadway Property Investors III
Broadway Howard Owner LLC
Deed
$11,829,000 · Mesa West Real Estate Income Fund I
Nov 26, 2010
$41,000,000
Broadway Howard Owner LLC
434 Broadway LLC
Grant Deed
—
Apr 16, 2007
$37,500,000
434 Broadway LLC
Vnb Realty INC
Grant Deed
—
—
—
434 Broadway Prop Invtrs III L
—
Loan Modification, Consolidation And Extension
related
$61,452,054 · Deutsche Bk Ag/ny Branch
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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