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Property profile & analytics
FOR LEASE
Office buildings
48 Wall St, New York, NY 10005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2130888
For Lease
1 / 2
$1,075,000
48 Wall St, New York, NY 10005
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1928
Total area
281,755 SF
Lot
0.28 ac (12,175 SF)
Zoning code
C5-5
APN
00040-0014
UPID
US63-2130888
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
-
Stock Photography, images, videos, vectors, editorial and press - agefotostock Marketing & Advertising Newspaper & Magazine
-
Adam M. Thompson Lawyer Law Firm
-
Diana Adams Law & Mediation, PLLC Law Firm
-
Tatia D. Barnes, Esq. Law Firm
-
Baum & Bailey, P.C. Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Orbit Private Holdings I Ltd · 4 yrs held
Orbit Private Holdings I Ltd
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C5-5 · 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
Method
Estimation
Statistic approach
$1,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.34M (May 13 2022)
Last sale anchor
$1.34M
May 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$4 / 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
$2,239,970
Tax year 2024
Assessed value
$21,558,859
Assessed 2024
Previous assessed
$17,252,550
+25.0% YoY
Effective rate
10.39%
On assessed value
Assessed land
$5,895,000
Assessed improvement
$15,663,859
Land market value
$13,100,000
Improvement market value
$33,895,000
Total market value
$46,995,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1928
Heating
NONE
Buildings
1
Stories
32
Units
27
Total area
281,755 SF
Lot
0.28 ac (12,175 SF)
Zoning code
C5-5
APN
00040-0014
UPID
US63-2130888
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C5-5 · New York, NY
Zoning C5-5 · permitted uses
C5-5 · 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
1928
Heating
NONE
Stories
32
Buildings
1
Units
27
Lot
0.28 ac
Current owner
From public records · entity-resolved
Orbit Private Holdings I Ltd
Entity
Mailing address
48 WALL ST, NEW YORK, NY 10005-2903
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$1,338,078
Orbit Private Holdings I Ltd
Armor Acquisition LLC
Deed
—
May 9, 2008
—
48 Wall LLC
—
Deed Of Trust
related
$70,000,000 · Capital One
Feb 22, 2001
—
48 Wall LLC
—
Trustees Deed
related
$2,000,000 · Summit Bank
Sep 22, 2000
—
48 Wall LLC
—
Trustees Deed
related
$12,000,000 · Summit Bank
—
—
48 Wall LLC
—
Deed Of Trust
related
$10,518,915 · Miscellaneous Ins Co
—
—
48 Wall LLC
—
Loan Modification, Consolidation And Extension
related
$70,000,000 · Miscellaneous Ins Co
—
—
48 Wall
—
Deed Of Trust
related
$675,475 · Corsair Holdings, L.p.
—
—
48 Wall LLC
—
Deed Of Trust
related
$15,076,766 · Capital One
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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