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Property profile & analytics
FOR LEASE
Flex space
599 Broadway, New York, NY 10012
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1333677
For Lease
1 / 3
$79 SF/Yr
599 Broadway, New York, NY 10012
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1917
Total area
7,505 SF
Lot
0.28 ac (12,263 SF)
Zoning code
M15R9X
APN
00512-1019
UPID
US63-1333677
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
599-8 LLC · 19 yrs held
599-8 LLC
since 2007
7 recorded transactions
Zoning & alternative use
M15R9X · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10%
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
$201 / 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
$102,671
Tax year 2024
Assessed value
$969,323
Assessed 2024
Previous assessed
$971,755
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$135,000
Assessed improvement
$834,323
Land market value
$300,000
Improvement market value
$1,942,091
Total market value
$2,242,091
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1917
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
7,505 SF
Lot
0.28 ac (12,263 SF)
Zoning code
M15R9X
APN
00512-1019
UPID
US63-1333677
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R9X · New York, NY
Zoning M15R9X · permitted uses
M15R9X · 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
1917
Heating
NONE
Stories
12
Buildings
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
599-8 LLC
Entity
Mailing address
152 W 57TH ST FL #12, NEW YORK, NY 10019-3310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2011
—
599-6 LLC
—
Deed Of Trust
related
$8,300,000 · Vnb Capital Corp
Aug 5, 2009
—
599-6 LLC
—
Deed Of Trust
related
$8,545,000 · Valley National Bank
Jun 21, 2007
$5,000,000
599-8 LLC
Carbon Broadway LLC
Grant Deed
—
Sep 1, 2004
—
Carbon Broadway LLC
Carbon Beach Prop Jt Venture
Quit Claim Deed
related
$2,100,000 · Independence Cmnty Bk
Mar 3, 2000
$670,000
Beach Property Joint Ve Carbon
Gomez,charles D
Grant Deed
—
—
—
599-6 LLC
—
Loan Modification, Consolidation And Extension
related
$20,500,000 · Bank Of America
—
—
599-6 LLC
—
Deed Of Trust
related
$9,164,450 · Bank Of America
—
—
599-6 LLC
—
Deed Of Trust
related
$71,997 · Vnb Capital Corp
—
—
599-6 LLC
—
Deed Of Trust
related
$124,943 · Valley National 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.
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