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Property profile & analytics
FOR LEASE
Office buildings
55 Broadway, New York, NY 10006
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2370434
For Lease
1 / 6
$2,650,000
55 Broadway, New York, NY 10006
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
309,381 SF
Lot
0.36 ac (15,722 SF)
Zoning code
C5-5
APN
00020-0016
UPID
US63-2370434
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
-
Sweet Loren's Food Processing Plant Factory
-
Neville Peterson LLP Law Firm
-
Latto Douglas A Law Firm
-
Paul B. Weitz & Associates, PC Law Firm
-
Wilson Grochow & Drucker Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
55 East Broadway Realty LLC · 2 yrs held
55 East Broadway Realty LLC
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$3,039,676
Tax year 2024
Assessed value
$30,817,570
Assessed 2024
Previous assessed
$26,604,000
+15.8% YoY
Effective rate
9.86%
On assessed value
Assessed land
$6,165,000
Assessed improvement
$24,652,570
Land market value
$13,700,000
Improvement market value
$50,073,000
Total market value
$63,773,000
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 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
1983
Heating
NONE
Buildings
1
Stories
31
Units
60
Total area
309,381 SF
Lot
0.36 ac (15,722 SF)
Zoning code
C5-5
APN
00020-0016
UPID
US63-2370434
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
1983
Heating
NONE
Stories
31
Buildings
1
Units
60
Lot
0.36 ac
Current owner
From public records · entity-resolved
55 East Broadway Realty LLC
Entity
Mailing address
999 WATERSIDE DR #230, NORFOLK, VA 23510-3300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
$3,900,000
55 East Broadway Realty LLC
Khowong Realty Corp.
Deed
—
Oct 27, 2021
—
55 Broadway Associates, LLC
—
Deed
related
$5,317,276 · American General Life Insurance Company
May 6, 2021
—
55 Broadway Associates LLC
—
Deed
related
$1,077,000,000 · Miscellaneous Ins Co
Apr 8, 2014
$157,000,000
55 Broadway Associates LLC
55 Broadway LLC
Deed
$43,101,022 · Jpmorgan Chase Bank, National Assoc
Jul 20, 2006
$82,000,000
55 Broadway LLC
Bank Of Communications Co Ltd
Grant Deed
$64,000,000 · Connecticut General Life Ins
—
—
55 Broadway Associates LLC
—
Loan Modification, Consolidation And Extension
related
$105,000,000 · Jp Morgan Chase Bank NA
—
—
55 Broadway Associates LLC
—
Loan Modification
related
$1,077,000,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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