Add Listing
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

    435 Broome St New York, NY 10013

    • Retail residential properties
    • 12,742 SF
    • 0.06 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5665412
    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

    • Great Garage Doors Manhattan / Building Supply / General Contractor
    • Foundation World Inc / Marketing & Advertising / Advertising Agency
    • William A. Potter Building / Tour Operator
    • Puffin Foundation / Charitable Organization / Social Service Agency

    Property Details for 435 Broome St

    Year built
    1915
    Lot size
    0.06 lot acres
    Property size
    12,742 SF
    Zone code
    M15R9X
    Property type
    Retail residential properties
    APN
    00473-0015
    APU
    4730015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,770,000
      6.5%
      $6,250,000
      7%
      $5,800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9995
    Latitude
    40.7214
    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
    $182,744
    $315,000
    $1,488,600
    $1,803,600
    -
    $700,000
    $3,134,000
    $3,834,000

    Comparable in this City

    • Value Estimation
      $4,020,000
      14,400 SF

      87 Baxter St

      STORES & APARTMENTS • 14,400 SF
      87 Baxter St, New York, NY 10013-4463
      View Details
    • Value Estimation
      $7,910,000
      18,865 SF

      72-74 Bayard St

      STORES & APARTMENTS • 18,865 SF
      72-74 Bayard St, New York, NY 10013
      View Details
    • Value Estimation
      $5,320,000
      12,283 SF

      31 Crosby St

      STORES & APARTMENTS • 12,283 SF
      31 Crosby St, New York, NY 10013-2637
      View Details
    • Value Estimation
      $4,035,000
      12,250 SF

      324 Canal St

      STORES & APARTMENTS • 12,250 SF
      324 Canal St, New York, NY 10013-2578
      View Details
    • Value Estimation
      $4,005,000
      9,235 SF

      301 Canal St

      STORES & APARTMENTS • 9,235 SF
      301 Canal St, New York, NY 10013-5296
      View Details
    • Value Estimation
      $2,665,000
      6,612 SF

      310 Canal St

      STORES & APARTMENTS • 6,612 SF
      310 Canal St, New York, NY 10013-2872
      View Details

    Similar Nearby for Sale

    • $14,000,000
      0.05 Acres

      Chinatown Commercial Corner Building

      Prime Chinatown location with approved plans for commercial and residential use.
      274 Canal St, New York, NY 10013
      View Details
    • Contact for pricing
      3,955 SF

      West Soho Live-Work Space

      Live-work space in West Soho/Hudson Square neighborhood.
      304 Spring St, New York, NY 10013
      View Details
    • $11,000,000
      5,000 SF

      Chinatown Mixed-Use Building For Sale

      Mixed-use building in Chinatown with retail and residential units.
      91 Baxter St, Manhattan, NY 10013
      View Details
    • New
      $7,000,000
      0.06 Acres

      Manhattan Mixed-Use Building with Retail

      Modern mixed-use building with retail and residential units in Manhattan.
      198 Grand St, Manhattan, NY 10013
      View Details
    • $14,000,000
      4,800 SF

      Chinatown Mixed-Use Corner Building

      Four-story commercial building with approved expansion plans in Chinatown.
      274 Canal St, New York, NY 10013
      View Details
    • $8,800,000

      Mixed-Use Buildings in Little Italy/Chinatown

      Two contiguous mixed-use buildings with 11 residential units and restaurant.
      119 Mott St, New York, NY 10013
      View Details

    Similar Nearby for Lease

    • $150,000
      5,832 SF

      5,832 SF Four Bedroom Penthouse For Lease

      5,832 SF Four Bedroom Penthouse For Lease
      565 BROOME St NPH, New York, NY 10013
      View Details
    • Contact for pricing
      3,111 SF

      NoHo Creative Office Space

      Prime NYC Office Suites Available Now
      253 Church St, New York, NY 10013
      View Details
    • $85 SF/Yr
      5,634 SF

      Franklin Street Retail Space

      Prime Lower Manhattan Flex Space Available
      68 Franklin St, New York, NY 10013
      View Details
    • Contact for pricing
      72,042 SF

      Varick Street Office Space Available

      Office space available for rent at 160 Varick Street.
      160 Varick St, New York, NY 10013
      View Details
    • Contact for pricing
      4,000 SF

      Front Facing Corner Office Space

      Corner office space with modification options and convenient transit access.
      91 Walker St, New York, NY 10013
      View Details
    • Contact for pricing
      50,000 SF

      Prime Canal Street Executive Office

      3,290 SF Available in Historic Building
      168 Canal St, New York, NY 10013
      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.
    435 Broome St
    New York, NY 10013
    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.
    Sign Up Successful!
    You now have access to more from Realmo!