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

    45 66th Stprof2 New York, NY 10065-6102

    • Retail space
    • 607 SF
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3178509
    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

    • MARK COOPER LTD. / Food Processing Company
    • Helene Wasserman Fine Art / Art Gallery

    Property Details for 45 66th Stprof2

    Year built
    1941
    Property size
    607 SF
    Zone code
    C5-1
    Property type
    Retail space
    APN
    01381-1103
    APU
    13811103

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $800,000
      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
    -73.9678
    Latitude
    40.768
    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
    $47,239
    $82,294
    $363,689
    $445,983
    -
    $182,876
    $852,595
    $1,035,471

    Comparable in this City

    • Value Estimation
      $39,735,000
      132,966 SF

      500 62nd St

      RETAIL STORES (PERSONAL SERVICES) • 132,966 SF
      500 62nd St, New York, NY 10065-8314
      View Details
    • Value Estimation
      $38,580,000
      4,500 SF

      21 66th St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      21 66th St, New York, NY 10065-5853
      View Details
    • Value Estimation
      $14,005,000
      21,404 SF

      400 67th Stretl1

      RETAIL STORES (PERSONAL SERVICES) • 21,404 SF
      400 67th Stretl1, New York, NY 10065-6324
      View Details
    • Value Estimation
      $16,260,000
      24,691 SF

      188 64th Stcom

      RETAIL STORES (PERSONAL SERVICES) • 24,691 SF
      188 64th Stcom, New York, NY 10065-7451
      View Details
    • Value Estimation
      $1,440,000
      1,007 SF

      304 65th Std

      RETAIL STORES (PERSONAL SERVICES) • 1,007 SF
      304 65th Std, New York, NY 10065-6797
      View Details
    • Value Estimation by Request
      1,179 SF

      1154 1st Ave, Unit 3C

      RETAIL STORES (PERSONAL SERVICES) • 1,179 SF
      1154 1st Ave, New York, NY 10065-7892
      View Details

    Similar Nearby for Sale

    • $6,800,000
      7,625 SF

      Manhattan Mixed-Use Building For Sale

      Mixed-use building with 16 condos and 2 retail spaces.
      1164 1St Ave, Manhattan, NY 10065
      View Details
    • Contact for pricing
      16,000 SF

      Prime Upper East Side Townhouse

      16,000 SF Office/Residential
      41 62Nd St, New York, NY 10065
      View Details
    • $1,800,000
      1,800 SF

      Fifth Avenue Commercial Co-op Space

      Commercial co-op with Central Park views, customizable for various uses.
      870 5Th Ave, New York, NY 10065
      View Details
    • $750,000

      Specialty Property for Sale

      Specialty property available for purchase in New York, NY.
      315 E 68Th St, New York, NY 10065
      View Details
    • $1,895,000

      York Avenue Full-Service Building

      Full-service building in Lennox Hill near transportation and amenities.
      1175 York Ave, New York, NY 10065
      View Details
    • $4,800,000

      Fifth Avenue Apartment Building

      Apartment building located on Fifth Avenue in New York.
      825 5Th Ave, New York, NY 10065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,092 SF

      Retail Space in Residential Tower

      Retail space in a residential tower with high traffic.
      225 E 63Rd St, New York, NY 10065
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space with Outdoor Patio

      Retail space with 750 SF outdoor patio available for rent.
      336 E 61St St, New York, NY 10065
      View Details
    • Contact for pricing
      869 SF

      Madison Avenue Retail Space Available

      Two-level retail space on Madison Avenue, ideal for fashion.
      801 Madison Ave, New York, NY 10065
      View Details
    • Contact for pricing
      5,524 SF

      Madison Ave Retail Corner Space

      Luxury retail, prime Madison Ave location.
      772 Madison Ave, New York, NY 10065
      View Details
    • Contact for pricing
      1,570 SF

      Madison Avenue Retail Space

      Retail space available on Madison Avenue in New York.
      814-816 Madison Ave, New York, NY 10065
      View Details
    • Contact for pricing
      1,241 SF

      Prime Madison Avenue Retail Space

      Five-story townhouse retail space on Madison Avenue available for rent.
      821 Madison Ave, New York, NY 10065
      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 66th Stprof2
    New York, NY 10065-6102
    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.