Add Listing
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

    65 73rd St New York, NY 10023-3128

    • Retail residential properties
    • 8,100 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2022
    $109,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1309245
    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

    • 73rd Street Hardware, Inc. / Building Supply / Hardware & Home Improvement

    Property Details for 65 73rd St

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    8,100 SF
    Zone code
    C18A
    Property type
    Retail residential properties
    APN
    01126-0002
    APU
    11260002

    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
    -73.9779
    Latitude
    40.7782
    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
    $169,198
    $235,712
    $1,117,658
    $1,353,370
    -
    $805,000
    $3,817,000
    $4,622,000

    Comparable in this City

    • Value Estimation
      $12,025,000
      89,391 SF

      97 Sherman Sq

      STORES & APARTMENTS • 89,391 SF
      97 Sherman Sq, New York, NY 10023
      View Details
    • Value Estimation
      $1,795,000
      11,925 SF

      100 69th St

      STORES & APARTMENTS • 11,925 SF
      100 69th St, New York, NY 10023
      View Details
    • Value Estimation
      $3,365,000
      22,925 SF

      70 71st St

      STORES & APARTMENTS • 22,925 SF
      70 71st St, New York, NY 10023-4236
      View Details
    • Value Estimation
      $1,375,000
      9,340 SF

      265 72nd St

      STORES & APARTMENTS • 9,340 SF
      265 72nd St, New York, NY 10023-2722
      View Details
    • Value Estimation
      $1,390,000
      9,293 SF

      127 72nd St

      STORES & APARTMENTS • 9,293 SF
      127 72nd St, New York, NY 10023-3240
      View Details
    • Value Estimation
      $1,060,000
      6,800 SF

      224 72nd St

      STORES & APARTMENTS • 6,800 SF
      224 72nd St, New York, NY 10023-2832
      View Details

    Similar Nearby for Sale

    • $49,900,000
      25,000 SF

      Prime Office Building For Sale

      Five-story office building with basement, mezzanine, and roof garden.
      35 E 62Nd St, New York, NY 10023
      View Details
    • $1,125,000
      Pending

      Residential Property on West 72nd

      Residential income property for sale in New York, NY.
      121 W 72Nd St, New York, NY 10023
      View Details
    • $4,750,000
      Pending

      New York Specialty Property For Sale

      Specialty property available for purchase in New York, NY.
      2 W 67Th St, New York, NY 10023
      View Details
    • $3,250,000

      West End Avenue Apartment Building

      Apartment building located on West End Avenue, New York.
      263 W End Ave, New York, NY 10023
      View Details
    • $649,000
      Pending

      Residential Property in New York

      Residential property for sale in New York, NY 10023.
      2025 Broadway 17F, New York, NY 10023
      View Details
    • $8,500,000
      Pending

      Central Park West Apartment Building

      Apartment building located on Central Park West in New York.
      151 Central Park W 11NORTH, New York, NY 10023
      View Details

    Similar Nearby for Lease

    • $700 /Mo

      Upper West Side Office Space

      First-floor office space near Central Park on Upper West Side.
      23 W 73Rd St, Manhattan, NY 10023
      View Details
    • Contact for pricing
      35,525 SF

      Broadway Retail Portfolio

      Prime Upper West Side Retail Space
      1972 Broadway, New York, NY 10023
      View Details
    • Contact for pricing
      2,059 SF

      Columbus Avenue Retail Space Available

      Prime retail space with expansion potential and high visibility.
      111 W 67Th St, New York, NY 10023
      View Details
    • Contact for pricing
      18,740 SF

      Retail Space Near Central Park

      Multi-level retail space with expansive glass frontages near Central Park.
      15 Central Park W, New York, NY 10023
      View Details
    • Contact for pricing
      7,717 SF

      Retail Space in Battery Park

      Retail space available in Battery Park City.
      21 S End Ave, New York, NY 10023
      View Details
    • Contact for pricing
      13,575 SF

      Furnished Office Space Available

      Prebuilt, furnished office space with flexible modification options.
      60 Columbus Cir, New York, NY 10023
      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.
    65 73rd St
    New York, NY 10023-3128
    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.
    Sign Up Successful!
    You now have access to more from Realmo!