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Property profile & analytics
OFF-MARKET
Estimated value
$24,020,000
Investment properties
88 Broadway New York, NY 10002-6017
Entity Owned
~
Est. High Equity
Property ID
US63-2328968
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1988
Total area
50,706 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C61G
APN
00282-0044
UPID
US63-2328968
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
-
Chinatown East Neighborhood Council Community Center
-
East Broadway Mall Shopping Center & Mall
-
White Swan Bakery Specialty Food Shop
-
Chou Ling Accounting Firm Tax Preparation
-
The Gallery Place for mama & kids (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.02M
Owner & transaction history
770 Capital Group LLC
770 Capital Group LLC
since 2026
5 recorded transactions
Zoning & alternative use
C61G · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$37.1M
+21.5%
Office building
$32.4M
+6.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$30,535,000
Current use
RETAIL STORES
$37,100,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$32,390,000
Change: +6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$27,435,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$24.02M
Range $21.62M – $26.42M · ±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
$474 / 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
Assessed value
$7,293,600
Assessed 2024
Previous assessed
$6,936,300
+5.2% YoY
Assessed land
$2,187,000
Assessed improvement
$5,106,600
Land market value
$4,860,000
Improvement market value
$10,992,000
Total market value
$15,852,000
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 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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
1
Stories
2
Units
83
Total area
50,706 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C61G
APN
00282-0044
UPID
US63-2328968
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C61G · New York, NY
Zoning C61G · permitted uses
C61G · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$30.5M
RETAIL STORES
Est. value
$37.1M
OFFICE BUILDING
Est. value
$32.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
2
Buildings
1
Units
83
Lot
0.43 ac
Current owner
From public records · entity-resolved
770 Capital Group LLC
Entity
Mailing address
55 WATER ST FL #9, NEW YORK, NY 10041-0062
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
$1,957,475
770 Capital Group LLC
6r Tribeca Owner 2021 LLC
Deed
$1,656,000
Feb 2, 2024
—
6r Tribeca Owner 2021 LLC
—
Deed
related
$5,000,000 · Forthill Tribeca Holder, LLC
Feb 29, 2008
—
East Broadway Mall INC
—
Deed Of Trust
related
$8,260,000 · Citibank NA
—
—
East Broadway Mall INC
—
Deed Of Trust
related
$1,259,585 · Bbcn Bank
—
—
East Broadway Mall INC
—
Deed Of Trust
related
$7,000,000 · Bbcn Bk
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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