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

    82 3rd St, Unit 2 New York, NY 10012-1093

    • Office properties & Spaces
    • 1,910 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    $2,200,000
    Value Estimations
    $1,795,000
    Show details
    Cap Rate Potential
    3.5%
    Office properties & Spaces
    Location Intelligence
    Property ID
    US63-0196911
    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

    • Speedy Commercial Furnace Repair Services / Hardware & Home Improvement / HVAC Service
    • Khorador Acupuncture and Chinese Medicine with Lara Feldman, MS, L.Ac. / Medical Clinic / Alternative Medicine Practice
    • E 3 Cleaners, Inc. / (Bike/Boat/Book/etc) Store
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 82 3rd St

    Year built
    1910
    Lot size
    0.05 lot acres
    Property size
    1,910 SF
    Zone code
    R7-2
    Property type
    Office properties & Spaces
    APN
    00539-1002
    APU
    5391002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,805,000
      ML approach
      $1,785,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,220,000
      Current use
      COMMERCIAL (GENERAL)
      $1,960,000
      Change: +61% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,560,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.999
    Latitude
    40.7297
    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
    $24,082
    $72,563
    $175,095
    $247,658
    -
    $161,250
    $344,000
    $505,250

    Comparable in this City

    • Value Estimation
      $950,000
      39,658 SF

      207-211 Spg St

      OFFICE (GENERAL) • 39,658 SF
      207-211 Spg St, New York, NY 10012
      View Details
    • Value Estimation by Request

      598 Broadway .

      Office Units
      598 Broadway ., New York, NY 10012
      View Details
    • Value Estimation
      $1,445,000
      64,120 SF

      598 Broadway

      OFFICE (GENERAL) • 64,120 SF
      598 Broadway, New York, NY 10012-3351
      View Details
    • Value Estimation
      $1,075,000
      2,919 SF

      199 Mott St, Unit CA

      CONDOMINIUM OFFICES • 2,919 SF
      199 Mott St, New York, NY 10012-4688
      View Details
    • Value Estimation by Request
      5,500 SF

      598 Broadway New York

      Office Units • 5,500 SF
      598 Broadway New York, New York, NY 10012
      View Details
    • Value Estimation by Request
      1,765 SF

      363 Lafayette St, Unit 2

      CONDOMINIUM OFFICES • 1,765 SF
      363 Lafayette St, New York, NY 10012-2719
      View Details

    Similar Nearby for Sale

    • $6,380,000
      4,500 SF

      SoHo Retail/Office Condo For Sale

      Prime SoHo location, fully built-out retail/office space.
      597 Broadway, New York, NY 10012
      View Details
    • $6,380,000
      4,500 SF

      SoHo Retail Condo For Sale

      Retail condo in prime SoHo location available for sale.
      597 Broadway, New York, NY 10012
      View Details
    • $6,500,000

      Historic Bleecker Street Mixed-Use Property

      Landmark mixed-use property in NoHo East Historic District.
      7 Bleecker St, New York, NY 10012
      View Details
    • Contact for pricing
      8,100 SF

      Prime Retail Space in Soho

      Retail space with all-glass frontage in central Soho.
      426 W Broadway, New York, NY 10012
      View Details
    • Contact for pricing
      8,665 SF

      Prime Retail Location on Broadway

      Retail space with development potential and exceptional public transit.
      438 Broadway, New York, NY 10012
      View Details
    • $5,750,000
      Pending

      Residential Income Property For Sale

      Residential income property available for purchase in New York, NY.
      41 Greene St, New York, NY 10012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      199 Lafayette St, Unit 3rd floor

      Chic Stylish Sunny Soho Creative Corner Loft / Office For Rent
      199 Lafayette St, New York, NY 10012
      View Details
    • Contact for pricing

      Office Space Available in New York

      Office space for rent at 430 W Broadway, New York.
      430 W Broadway, New York, NY 10012
      View Details
    • Contact for pricing

      Mercer Street Office Space

      Office space available for lease in New York, NY.
      160 Mercer St, New York, NY 10012
      View Details
    • Contact for pricing
      2,500 SF

      Mott Street Office Space Available

      Office space with private entry and workstations for rent.
      177-179 Mott St, New York, NY 10012
      View Details
    • Contact for pricing
      2,979 SF

      SoHo Loft-Style Office Space

      Loft-style office space in SoHo with exposed brick.
      494 Broadway, New York, NY 10012
      View Details
    • Contact for pricing

      SoHo Full-Building Opportunity

      Prime SoHo location, ideal for brands seeking full-building identity.
      69 Mercer St, New York, NY 10012
      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.
    82 3rd St, Unit 2
    New York, NY 10012-1093
    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!