Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Broadway New York, NY 10038-1072

    • Office properties & Spaces
    • 9,885 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $2,540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0774843
    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

    • San Zheng Tang Chinese Massage / Alternative Medicine Practice / Spa & Massage Center
    • A.B.A. on East Broadway / Discount Store / (Bike/Boat/Book/etc) Store
    • Maincomp Technology Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Food Bank for New York City / Food Bank / Charitable Organization
    • Roman Catholic church / Church / Mosque

    Property Details for 9 Broadway

    Year built
    1910
    Lot size
    0.04 lot acres
    Property size
    9,885 SF
    Zone code
    C61G
    Property type
    Office properties & Spaces
    APN
    00279-0061
    APU
    2790061

    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
    -73.9975
    Latitude
    40.7132
    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
    $61,916
    $197,100
    $479,030
    $676,130
    -
    $438,000
    $861,000
    $1,299,000

    Comparable in this City

    • Value Estimation
      $2,900,000
      8,790 SF

      156 William St, Unit OU2

      CONDOMINIUM OFFICES • 8,790 SF
      156 William St, New York, NY 10038-2609
      View Details
    • Value Estimation by Request

      22 James St

      Medical Office Space
      22 James St, New York, NY 10038
      View Details
    • Value Estimation by Request

      132 Nassau St

      Office properties & Spaces
      132 Nassau St, New York, NY 10038
      View Details
    • Value Estimation by Request

      83 Maiden Ln

      Office properties & Spaces
      83 Maiden Ln, New York, NY 10038
      View Details
    • Value Estimation
      $5,680,000
      17,505 SF

      156 William St, Unit S2

      CONDOMINIUM OFFICES • 17,505 SF
      156 William St, New York, NY 10038-2609
      View Details
    • Value Estimation
      $2,860,000
      8,690 SF

      156 William St, Unit S3

      CONDOMINIUM OFFICES • 8,690 SF
      156 William St, New York, NY 10038-2609
      View Details

    Similar Nearby for Sale

    • $460,000
      600 SF

      Chinatown Commercial Condo Investment

      Prime NYC Office/Retail Space, High Rental Income
      7 Chatham Sq, New York, NY 10038
      View Details
    • $888,888
      773 SF

      Manhattan Chinatown Office Space For Sale

      Prime office space in the heart of Manhattan's Chinatown.
      7 Chatham Sq, Manhattan, NY 10038
      View Details
    • $4,380,000

      SoHo Commercial Condo For Sale

      Top-floor commercial condo in SoHo, minutes from Canal Street Station.
      424 Broadway St, New York, NY 10038
      View Details
    • $999,999

      Chinatown Office Space For Sale

      Premium 884 sq ft office space in vibrant Chinatown.
      8 New York Plz, Manhattan, NY 10038
      View Details
    • $1,688,888
      1,532 SF

      Manhattan Chinatown Office Space

      Prime office space in the heart of Manhattan's Chinatown.
      7 Chatham Sq, Manhattan, NY 10038
      View Details
    • $4,380,000
      4,383 SF

      SoHo Commercial Condo For Sale

      Top-floor commercial condo in SoHo, minutes from Canal Street Station.
      424 Broadway St, New York, NY 10038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,000 SF

      Maiden Lane Office Space, NYC

      Financial District, 4 Suites Available
      83 Maiden Ln, New York, NY 10038
      View Details
    • $3,500 /Mo
      7,749 SF

      Chatham Square Office Space

      Office suites available for lease in Chinatown, Manhattan.
      7 New York Plz, Manhattan, NY 10038
      View Details
    • Contact for pricing
      204,539 SF

      Downtown Manhattan Office Building

      25-story Class B+ office building in Downtown Manhattan.
      80 Maiden Ln, New York, NY 10038
      View Details
    • Contact for pricing
      18,509 SF

      Office/Retail Space in New York

      Office/Retail construction space available for rent in New York.
      25 Park Row, New York, NY 10038
      View Details
    • $45 SF/Yr
      22,065 SF

      Prime Retail Space in New York

      Ground floor retail space available for rent in New York.
      150 William St, New York, NY 10038
      View Details
    • Contact for pricing
      1,795 SF

      13-Story Office Building For Rent

      165,000 sq ft office building constructed in 1921.
      75 Maiden Ln, New York, NY 10038
      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.
    9 Broadway
    New York, NY 10038-1072
    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!