Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    45 17th St New York, NY 10011

    • Office buildings
    • 27,600 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2175311
    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

    • Office buildings

    Property Details for 45 17th St

    Year built
    1920
    Lot size
    0.11 lot acres
    Property size
    27,600 SF
    Zone code
    C64A
    Property type
    Office buildings
    APN
    00819-0014
    APU
    8190014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $383,000
      Market price range: $370k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9942
    Latitude
    40.7391
    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
    $223,051
    $765,000
    $1,340,840
    $2,105,840
    -
    $1,700,000
    $3,347,000
    $5,047,000

    Comparable in this City

    • Value Estimation by Request
      113,500 SF

      60-62 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 113,500 SF
      60-62 5th Ave, New York, NY 10011
      View Details
    • Value Estimation
      $270,000
      12,825 SF

      45 14th St

      OFFICE BUILDING (MULTI-STORY) • 12,825 SF
      45 14th St, New York, NY 10011-7419
      View Details
    • Value Estimation
      $265,000
      52,500 SF

      135 18th St, Unit 143

      OFFICE BUILDING (MULTI-STORY) • 52,500 SF
      135 18th St, New York, NY 10011-4104
      View Details
    • Value Estimation by Request
      108,768 SF

      249 17th St, Unit 255

      OFFICE BUILDING (MULTI-STORY) • 108,768 SF
      249 17th St, New York, NY 10011-5390
      View Details
    • Value Estimation
      $275,000
      27,456 SF

      437-439 16th St

      OFFICE BUILDING (MULTI-STORY) • 27,456 SF
      437-439 16th St, New York, NY 10011
      View Details
    • Value Estimation by Request
      130,876 SF

      119 24th St, Unit 125

      OFFICE BUILDING (MULTI-STORY) • 130,876 SF
      119 24th St, New York, NY 10011-1913
      View Details

    Similar Nearby for Sale

    • $4,114,800
      6,096 SF

      Renovated Chelsea Office Space

      Creative loft-like office in prime Chelsea location.
      127 W 24Th St, New York, NY 10011
      View Details
    • $2,195,000
      3,300 SF

      Manhattan Commercial Space: Restaurant/Warehouse

      Prime Chelsea location, 3,300 sq ft, restaurant-ready.
      358 23Rd St, New York, NY 10011
      View Details
    • Contact for pricing
      6,250 SF

      220 16Th St

      Multifamily properties • 6,250 SF
      220 16Th St, New York, NY 10011
      View Details
    • $4,500,000
      4,200 SF

      Chelsea Retail Condo: Prime Location

      4,200 SF Retail Condo, Owner/User
      140 22Nd St, New York, NY 10011
      View Details
    • $2,850,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      133 W 17Th St, New York, NY 10011
      View Details
    • $599,999

      Chelsea HDFC Opportunity

      3-bedroom plus home office in prime Chelsea location.
      326 W 17Th St, New York, NY 10011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,250 SF

      Flatiron District Office Space

      100,000 sq ft, 12-story loft building near Madison Square Park.
      118 W 22Nd St, New York, NY 10011
      View Details
    • Contact for pricing
      10,120 SF

      West Village Office Building

      12-story office building in the West Village neighborhood.
      154 W 14Th St, New York, NY 10011
      View Details
    • Contact for pricing
      13,090 SF

      Midtown South Office with Terrace

      Contemporary office space in Midtown South with private terrace.
      641 6Th Ave, New York, NY 10011
      View Details
    • Contact for pricing

      Nine-Story Office Building For Rent

      9-story office building with 81,900 rentable square feet.
      287 Park Ave South New York, New York, NY 10011
      View Details
    • Contact for pricing
      12,340 SF

      Class A Office Tower

      New York office space in a modern, dynamic business district.
      640 8Th Ave, New York, NY 10011
      View Details
    • $87 SF/Yr
      14,878 SF

      Class A Office Building

      Three-story Class A building with open floor plans and balconies.
      150 5Th Ave, New York, NY 10011
      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.
    45 17th St
    New York, NY 10011
    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.