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Property profile & analytics
FOR LEASE
Banks
96 Spring St New York, NY 10012
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2076242
For Lease
1 / 2
Contact for pricing
96 Spring St, New York, NY 10012
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1900
Total area
48,904 SF
Lot
0.14 ac (6,100 SF)
Zoning code
M15R9X
APN
00484-0003
UPID
US63-2076242
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
-
ALO Yoga New York | ALO Yoga SoHo Gym & Fitness Center
-
Iksad International Congress Association / Organization
-
Lead Edge Capital Corporate Office Financial Advisor
-
NOISY MAY Factory Textile Manufacturer
-
Elevated Returns Contractor Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
96 Springs LLC · 8 yrs held
96 Springs LLC
since 2018
3 recorded transactions
Zoning & alternative use
M15R9X · 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
—
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
$1,498,375
Tax year 2024
Assessed value
$14,146,290
Assessed 2024
Previous assessed
$13,254,300
+6.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$990,000
Assessed improvement
$13,156,290
Land market value
$2,200,000
Improvement market value
$36,636,000
Total market value
$38,836,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1900
Heating
NONE
Buildings
1
Stories
8
Units
8
Total area
48,904 SF
Lot
0.14 ac (6,100 SF)
Zoning code
M15R9X
APN
00484-0003
UPID
US63-2076242
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M15R9X · New York, NY
Zoning M15R9X · permitted uses
M15R9X · 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
1900
Heating
NONE
Stories
8
Buildings
1
Units
8
Lot
0.14 ac
Current owner
From public records · entity-resolved
96 Springs LLC
Entity
Mailing address
430 PARK AVE STE #505, NEW YORK, NY 10022-3562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
—
96 Springs LLC
—
Loan Modification, Consolidation And Extension
related
$45,000,000 · State Farm Rlty Mtg
Jun 20, 2007
—
96 Springs LLC
—
Deed Of Trust
related
$6,324,185 · Principal Life Insurance Co
Mar 11, 2005
—
96 Springs LLC
—
Deed Of Trust
related
$6,709,737 · Valley National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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