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

    530 45th Stgarag New York, NY 10036-3697

    • Parking lots & garages
    • 3,450 SF
    OFF-MARKET
    Value Estimations
    $1,195,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4316863
    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

    • Sourcegeeks / Employment Agency
    • NYC Bus Rental / Travel Agency / Tour Operator
    • 530 West 45th Street / Apartment Building
    • 777 FashionLane / Clothing Store
    • Niles Benjamin / Corporate Office / Business Park

    Property Details for 530 45th Stgarag

    Year built
    2010
    Property size
    3,450 SF
    Zone code
    R10
    Property type
    Parking lots & garages
    APN
    01073-1103
    APU
    10731103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9959
    Latitude
    40.762
    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
    $32,827
    $126,023
    $183,901
    $309,924
    -
    $280,050
    $548,000
    $828,050

    Comparable in this City

    • Value Estimation
      $12,000,000
      37,525 SF

      350 42nd Stgarge

      PARKING GARAGE, PARKING STRUCTURE • 37,525 SF
      350 42nd Stgarge, New York, NY 10036-6945
      View Details
    • Value Estimation
      $730,000
      1,674 SF

      310 48th St

      PARKING LOT • 1,674 SF
      310 48th St, New York, NY 10036-1302
      View Details
    • Value Estimation
      $7,835,000
      15,057 SF

      605 42nd Stpu-2

      PARKING GARAGE, PARKING STRUCTURE • 15,057 SF
      605 42nd Stpu-2, New York, NY 10036-2010
      View Details
    • Value Estimation
      $12,910,000
      33,553 SF

      550 45th Stgarag

      PARKING GARAGE, PARKING STRUCTURE • 33,553 SF
      550 45th Stgarag, New York, NY 10036-3769
      View Details
    • Value Estimation
      $8,325,000
      22,322 SF

      247 46th Stc002

      PARKING GARAGE, PARKING STRUCTURE • 22,322 SF
      247 46th Stc002, New York, NY 10036-1439
      View Details
    • Value Estimation
      $11,125,000
      30,193 SF

      450 42nd Stgara

      PARKING GARAGE, PARKING STRUCTURE • 30,193 SF
      450 42nd Stgara, New York, NY 10036-6800
      View Details

    Similar Nearby for Sale

    • $280,000

      Turnkey Restaurant Space For Sale

      Ready-to-go restaurant in a vibrant commercial setting.
      48Th St, New York, NY 10036
      View Details
    • $280,000
      2,200 SF

      Turnkey Restaurant Space in Manhattan

      Ready-to-go restaurant in a vibrant commercial setting.
      48th St, Manhattan, NY 10036
      View Details
    • $9,980,000
      8,613 SF

      Prime Retail Building in New York

      Retail building in coveted location with income potential and appreciation.
      781 8Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      15,050 SF

      Prime Retail Condo on 42nd

      Spacious retail condo with long-term tenant in prime location.
      635 W 42Nd St, New York, NY 10036
      View Details
    • $4,800,000
      7,220 SF

      Prime West 44th Street Retail

      7,220 SF Retail Space, 3 Units
      341 44Th St, New York, NY 10036
      View Details
    • $13,568,000
      9,035 SF

      Mixed-Use Building in Hell's Kitchen

      Mixed-use property featuring retail and residential units in Manhattan.
      468 W 47Th St, Manhattan, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,665 SF

      Prestigious Plaza District Office Space

      Boutique office building in the heart of the Plaza District.
      1350 6Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      37,250 SF

      Prime NYC Medical/Industrial Space

      Huge NYC space, flexible layouts.
      627 11Th Ave, New York, NY 10036
      View Details
    • $90 SF/Yr
      1,000 SF

      Hell's Kitchen Retail Space For Lease

      Prime 1,000 SF Retail Space in NYC
      442 45Th St, New York, NY 10036
      View Details
    • Contact for pricing
      1,938 SF

      Midtown West Retail Space For Lease

      Prime NYC Retail, 1938 sq ft, High Traffic
      566 10Th Ave, New York, NY 10036
      View Details
    • Contact for pricing

      Retail Space in Times Square

      Retail property available for lease in Times Square, New York.
      701 7Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      6,570 SF

      Times Square Retail Space Available

      Multi-level retail space in Times Square, perfect for entertainment.
      1568 Broadway, New York, NY 10036
      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.
    530 45th Stgarag
    New York, NY 10036-3697
    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.