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Property profile & analytics
FOR LEASE
Office buildings
5 Hanover Sq, New York, NY 10004
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-6123445
For Lease
1 / 2
Contact for pricing
5 Hanover Sq, New York, NY 10004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1962
Total area
292,466 SF
Lot
0.3 ac (12,919 SF)
Zoning code
C5-5
APN
00028-0005
UPID
US63-6123445
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
-
Regal USA Concrete Inc Construction Company General Contractor
-
E.G. Bowman Insurance Agency
-
Marulli, Lindenbaum & Tomaszewski, LLP Law Firm
-
Jones Jones LLC Law Firm Insurance Agency
-
American Spray-On Corp General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$94.17M
Owner & transaction history
5 Hanover Sq Ny Owner LLC · 12 yrs held
5 Hanover Sq Ny Owner LLC
since 2013
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$322 / 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
Previous assessed
$22,410,000
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
1962
Heating
NONE
Buildings
1
Stories
24
Units
67
Total area
292,466 SF
Lot
0.3 ac (12,919 SF)
Zoning code
C5-5
APN
00028-0005
UPID
US63-6123445
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
1962
Heating
NONE
Stories
24
Buildings
1
Units
67
Lot
0.3 ac
Current owner
From public records · entity-resolved
5 Hanover Sq Ny Owner LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 131237, CARLSBAD, CA 92013-1237
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2013
$104,000,000
5 Hanover Sq Ny Owner LLC
5 Hanover Sq Prop Invtrs II Ll
Grant Deed
—
Mar 24, 2011
—
Hanover Sq Prop Invtrs Ll II
—
Deed Of Trust
related
$37,240,000 · Mesa West R/e Income Fund
Nov 5, 2010
$64,983,272
Hanover Sq Prop Invtrs Ll II
5 Hanover LLC
Grant Deed
—
—
—
5 Hanover Jv II LLC
—
Deed Of Trust
related
—
—
—
5 Hanover LLC
—
Deed Of Trust
related
$9,970,000 · North Fork Bank
—
—
5 Hanover LLC
—
Deed Of Trust
related
$7,550,000 · North Fork Bank
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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