Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    47 Monroe St New York, NY 10002-7383
    Back to Search
    Property profile & analytics

    47 Monroe St New York, NY 10002-7383

    View on Map
    • Apartment buildings
    • 12,138 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US63-5776633
    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.
    Value Estimations
    $3,420,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EKSO CONSTRUCTION CORP / Construction Company
    • Guang Jun Che Ng Inc. / Church / Mosque
    • esko management / Corporate Office

    Property Details for 47 Monroe St

    Year built
    1900
    Lot size
    0.06 lot acres
    Property size
    12,138 SF
    Zone code
    R7-2
    Property type
    Apartment buildings
    APN
    00274-0001
    APU
    2740001

    Description

    This exceptional retail property at 47 Monroe Street in New York City, New York County (zip code 10002), offers a total of 1,050 square feet of versatile commercial space currently available for lease. The property is categorized as retail with multiple tenancy options. Two individual spaces are immediately available, each offering a flexible footprint. One space offers a minimum of 500 square feet, while the maximum contiguous space available is 550 square feet. This presents an excellent opportunity for businesses seeking a prominent location in a vibrant New York City neighborhood. The entire 1,050 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property's address is 47 Monroe Street, situated at latitude 40.7118923 and longitude -73.9938584. This prime location offers exceptional visibility and accessibility, making it an ideal choice for a variety of retail businesses. The property is classified as commercial retail space. Serious inquiries are encouraged to explore this unique leasing opportunity. The property is located in New York County, New York.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9938
    Latitude
    40.7118
    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
    $171,868
    $70,471
    $1,304,255
    $1,374,726
    -
    $197,000
    $3,646,000
    $3,843,000

    Comparable in this City

    • Value Estimation
      $40,435,000
      84,717 SF

      232-234 Broadway

      APARTMENT HOUSE (5+ UNITS) • 84,717 SF
      232-234 Broadway, New York, NY 10002
      View Details
    • Value Estimation
      $2,435,000
      382,500 SF

      668 Water St, Unit 684

      APARTMENT HOUSE (5+ UNITS) • 382,500 SF
      668 Water St, New York, NY 10002-8258
      View Details
    • Value Estimation
      $7,225,000
      38,880 SF

      174 Forsyth St

      APARTMENT HOUSE (5+ UNITS) • 38,880 SF
      174 Forsyth St, New York, NY 10002-1341
      View Details
    • Value Estimation
      $715,000
      57,128 SF

      331 Houston St

      APARTMENT HOUSE (5+ UNITS) • 57,128 SF
      331 Houston St, New York, NY 10002-1195
      View Details
    • Value Estimation
      $2,475,000
      7,784 SF

      19 Orch St

      APARTMENT HOUSE (5+ UNITS) • 7,784 SF
      19 Orch St, New York, NY 10002-6170
      View Details
    • Value Estimation
      $8,570,000
      34,904 SF

      144 Ludlow St

      APARTMENT HOUSE (5+ UNITS) • 34,904 SF
      144 Ludlow St, New York, NY 10002-2251
      View Details

    Similar Nearby for Sale

    • $7,499,000
      0.05 Acres

      Mixed-Use Property in Manhattan

      Mixed-use property featuring retail and residential units in Manhattan.
      51 Orchard St, Manhattan, NY 10002
      View Details
    • Contact for pricing
      8,768 SF

      Mixed-Use Building in Prime Location

      Mixed-use building with commercial and residential units in vibrant neighborhood.
      5 Eldridge St, New York, NY 10002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Prime Lower East Side Retail Space

      1200 sq ft, Single Tenant, High Traffic
      0 Monroe St, New York, NY 10002
      View Details
    • Contact for pricing

      Lower East Side Retail Space

      Retail space with basement in high-traffic Lower East Side.
      55 Delancey St, New York, NY 10002
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space in New York

      Retail space available for rent in New York, NY.
      140 Delancey St, New York, NY 10002
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in New York

      2800 SF retail space available for rent in New York.
      201 Allen St, New York, NY 10002
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Orchard Street

      Retail space available for rent in New York, NY.
      120 Orchard St, New York, NY 10002
      View Details
    • Contact for pricing
      3,300 SF

      Bowery Office Space Available

      3,300 SF office space for rent in New York.
      161 Bowery, New York, NY 10002
      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.
    47 Monroe St
    New York, NY 10002-7383
    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

    Thank You for Inquiry
    47 Monroe St, New York, NY, 10002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!