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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Office buildings
88 Pne St, New York, NY 10005-1801
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1854009
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Total area
664,990 SF
Lot
0.63 ac (27,600 SF)
Zoning code
C6-9
APN
00038-0017
UPID
US63-1854009
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
-
Radzik Edward C Law Firm
-
Firefall, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Furman Kornfeld & Brennan Law Firm
-
Button (Bike/Boat/Book/etc) Store Corporate Office
-
Royal & Sun Alliance Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Orient Overseas Building Corp · 8 yrs held
Orient Overseas Building Corp
since 2017
7 recorded transactions
Zoning & alternative use
C6-9 · 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
$7 / 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
$5,517,856
Tax year 2024
Assessed value
$52,094,561
Assessed 2024
Previous assessed
$52,020,450
+0.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$16,200,000
Assessed improvement
$35,894,561
Land market value
$36,000,000
Improvement market value
$81,990,000
Total market value
$117,990,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
1
Stories
32
Units
23
Total area
664,990 SF
Lot
0.63 ac (27,600 SF)
Zoning code
C6-9
APN
00038-0017
UPID
US63-1854009
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-9 · New York, NY
Zoning C6-9 · permitted uses
C6-9 · 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
1973
Heating
NONE
Stories
32
Buildings
1
Units
23
Lot
0.63 ac
Current owner
From public records · entity-resolved
Orient Overseas Building Corp
Entity
Mailing address
88 PNE ST STE #2002, NEW YORK, NY 10005-1815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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 18, 2018
—
Best Work Hldgs New York Ll
—
Grant Deed
related
$60,000,000 · Far Estn Int'l Bk Co Ltd
Jul 25, 2017
$3,288,000
Orient Overseas Building Corp
100 Wall Investments LLC
Grant Deed
—
Aug 12, 2015
—
100 Wall Investments LLC
100 Wall Street Property LLC
Quit Claim Deed
$21,669,524 · Miscellaneous Ins Co
Apr 19, 2012
—
100 Wall Street Prop LLC
—
Grant Deed
related
$117,399,060 · Us Bk NA
May 21, 2007
—
100 Wall Street Prop LLC
—
Deed Of Trust
related
$145,000,000 · Lehman Brothers Bank Fsb
Jan 10, 2006
$134,000,000
100 Wall Street Property LLC
100 Wall Co LLC
Grant Deed
related
$97,340,000 · Allstate Tfi
Jan 29, 2004
—
Orient Overseas Associates
—
Deed Of Trust
related
$9,760,000 · Hsbc Bank USA
—
—
100 Wall Investments LLC
—
Loan Modification, Consolidation And Extension
related
$137,500,000 · Miscellaneous Ins Co
—
—
Ipc Informantion Systems INC
—
Deed Of Trust
related
$1,233,375 · General Electric Capital Corp
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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