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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Apartment buildings
47 Monroe St, New York, NY 10002-7383
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-5776633
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
12,138 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00274-0001
UPID
US63-5776633
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
-
EKSO CONSTRUCTION CORP Construction Company
-
Guang Jun Che Ng Inc. Church Mosque
-
esko management Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Bayard Street Props 47 LLC · 9 yrs held
Bayard Street Props 47 LLC
since 2017
7 recorded transactions
Zoning & alternative use
R7-2 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$282 / 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
$171,868
Tax year 2024
Assessed value
$1,374,726
Assessed 2024
Previous assessed
$1,154,700
+19.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$70,471
Assessed improvement
$1,304,255
Land market value
$197,000
Improvement market value
$3,646,000
Total market value
$3,843,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
8
Total area
12,138 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R7-2
APN
00274-0001
UPID
US63-5776633
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-2 · New York, NY
Zoning R7-2 · permitted uses
R7-2 · 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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
8
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bayard Street Props 47 LLC
Entity
Free & Clear · 9 yrs held
Mailing address
215 NASSAU ST, PRINCETON, NJ 08542-4601
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2025
—
Bayard Street Properties 47 LLC
—
Deed
related
$300,000 · Preferred Bank
Oct 15, 2021
—
Bayard Street Properties 47 LLC
—
Deed
related
$1,335,732 · Preferred Bank
Apr 17, 2020
—
Bayard Street Prop 47 LLC
—
Deed
related
$3,664,267 · Tco Metals LLC
Apr 14, 2017
$9,575,000
Bayard Street Props 47 LLC
47 Monroe Realty LLC
Grant Deed
—
Apr 14, 2017
—
Bayard Street Props 47 LLC
—
Deed
related
$3,750,000 · Spencer Svgs Bk
Jun 10, 2008
$5,700,000
47 Monroe Realty LLC
H & G Tom LLC
Grant Deed
$4,275,000 · First Central Savings Bank
Jun 10, 2008
—
H & G Tom LLC
Tom,gariel & Valerie
Quit Claim Deed
related
—
—
—
47 Monroe Realty LLC
—
Loan Modification
related
$4,300,000 · Spencer Svgs Bk
—
—
Bayard Street Prop 47 LLC
—
Loan Modification
related
$3,664,267 · Tco Metals LLC
—
—
Tom F Keung
—
Deed Of Trust
related
$150,000 · East Bank
—
—
Bayard Street Props 47 LLC
—
Loan Modification, Consolidation And Extension
related
$3,750,000 · Spencer Svgs Bk
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.
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