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

    479 Greenwich St, Unit 4B New York, NY 10013-1306

    • Flex space
    • 3,264 SF
    OFF-MARKET
    Last Sale
    Jul 05, 2023
    $5,900,000
    Value Estimations
    $6,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1880307
    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

    • Flex space

    Property Details for 479 Greenwich St

    Property size
    3,264 SF
    Zone code
    C62A
    Property type
    Flex space
    APN
    00594-1010
    APU
    5941010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,040,000
      ML approach
      $7,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,022,000
      Market price range: $3.18M - $6.26M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,505,000
      Current use
      AUTO REPAIR, GARAGE
      $7,545,000
      Change: +67% Conversion: Easy
      RETAIL STORES
      $4,250,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.009
    Latitude
    40.7249
    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
    $35,565
    $32,110
    $303,664
    $335,774
    -
    $71,356
    $725,057
    $796,413

    Comparable in this City

    • Value Estimation by Request
      1,195 SF

      145 Ave Of The Americas Ste 7a

      LIGHT INDUSTRIAL • 1,195 SF
      145 Ave Of The Americas Ste 7a, New York, NY 10013-1548
      View Details
    • Value Estimation by Request
      655 SF

      109 Lafayette St Rm, Unit 501

      LIGHT INDUSTRIAL • 655 SF
      109 Lafayette St Rm, New York, NY 10013-4143
      View Details
    • Value Estimation by Request
      775 SF

      139 Ctr St Ste, Unit 515

      LIGHT INDUSTRIAL • 775 SF
      139 Ctr St Ste, New York, NY 10013-4555
      View Details
    • Value Estimation by Request
      943 SF

      198 Canal St Ste, Unit 601

      LIGHT INDUSTRIAL • 943 SF
      198 Canal St Ste, New York, NY 10013-4535
      View Details
    • Value Estimation by Request
      696 SF

      139 Ctr St Ste, Unit 610

      LIGHT INDUSTRIAL • 696 SF
      139 Ctr St Ste, New York, NY 10013-4556
      View Details
    • Value Estimation by Request
      771 SF

      139 Ctr St Ste, Unit 706

      LIGHT INDUSTRIAL • 771 SF
      139 Ctr St Ste, New York, NY 10013-4557
      View Details

    Similar Nearby for Sale

    • $14,000,000
      4,800 SF

      Prime Chinatown Commercial Corner

      4,800 SF Restaurant/Office Opportunity
      274 Canal St, New York, NY 10013
      View Details
    • $70,000
      400 SF

      Commercial Land in New York

      Commercial land available in New York (Manhattan), NY.
      173 Hester St, Manhattan, NY 10013
      View Details
    • $100,000
      1,200 SF

      Established Manhattan Beauty Spa for Sale

      Turnkey spa business with steady income and growth potential.
      123 Baxter St, Manhattan, NY 10013
      View Details
    • Contact for pricing
      3,363 SF

      Retail Space in Tribeca South

      Retail space in high-traffic area with income potential.
      158 Franklin St, New York, NY 10013
      View Details
    • $2,995,000

      HUDSON St PHA Apartment Building

      Apartment building for sale at 165 HUDSON St, New York.
      165 Hudson St, New York, NY 10013
      View Details
    • $650,000
      700 SF

      Soho/China Town Commercial Condo

      700 sqft commercial condo in prime location.
      107-109 Lafayette St, New York, NY 10013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      463 SF

      Bowery Retail Space Available

      Retail space for rent at the intersection of Bowery.
      210 Bowery, 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
    • $22 SF/Yr
      11,728 SF

      Tribeca Executive Office Suites

      Prime Tribeca location, flexible office space.
      99 Hudson St, New York, NY 10013
      View Details
    • Contact for pricing
      1,350 SF

      Prime NYC Retail Space - Hester St

      1,350 SF Retail Space - New York City
      174 Hester St, New York, NY 10013
      View Details
    • Contact for pricing
      7,000 SF

      Greenwich Street Retail Space

      Prime NYC Retail Opportunity: 7,000 SF Available
      349 Greenwich St, New York, NY 10013
      View Details
    • $60 SF/Yr
      7,000 SF

      Tribeca Loft Office Space for Lease

      7,000 SF Full-Floor Loft in Soho
      54 Moore 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.
    479 Greenwich St, Unit 4B
    New York, NY 10013-1306
    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.