Individually Owned Property summary
AI-generated overview
This exceptional retail space at 97 Chambers Street in New York City's coveted Tribeca neighborhood presents a rare opportunity for a flagship location. The property boasts a total of 21,750 square feet, currently entirely vacant and available for lease. With a minimum divisible space of 7,250 square feet, the property offers flexibility for various retail concepts. The building features impressive 15-foot ceilings and benefits from prominent frontage on both Chambers Street and Reade Street, between Broadway and Church Street. This prime downtown location provides excellent visibility and accessibility, attracting significant foot traffic. The building's full build-out and multiple street entrances enhance its functionality and appeal. The expansive square footage allows for a wide range of uses, making it an ideal space for businesses seeking a substantial and highly visible presence in one of Manhattan's most desirable areas. Located in New York County, NY, 10007, this property offers unparalleled potential for a discerning tenant. The unique size and prime location combine to create an exceptional opportunity in the heart of Tribeca.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1885
Total area
43,338 SF
Lot
0.17 ac (7,223 SF)
Zoning code
C63A
APN
00149-0012
UPID
US63-1696700
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.36M
Owner & transaction history
Zoning & alternative use
C63A · New York, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$13.36M
Value range
$12.02M – $14.69M
±10% around blend
Estimated value / SF
$308 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$12.02M
blend $13.36M
$14.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
43,338 SF
Lot area
0.17 ac
Year built
1885
Stories
5
APN
00149-0012
Zoning
C63A
Assessed value
$4,336,830
Annual tax
$498,736
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$8.71M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.9 mi away · 41,156 SF
5.2 mi away · 45,337 SF
9.5 mi away · 36,667 SF
11.4 mi away · 49,041 SF
17.9 mi away · 32,672 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 1320 sales
$725
-57%
County 1319 sales
$722
-57%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $308/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.34M
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$273k
$5.46M
$3.90M
$3.04M
$304k
$6.07M
$4.34M
$3.37M
$334k
$6.68M
$4.77M
$3.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.20M
1.3 mi · Feb 2026 · $71/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$498,736
Tax year 2024
Assessed value
$4,336,830
Assessed 2024
Previous assessed
$4,223,250
+2.7% YoY
Effective rate
11.50%
On assessed value
Assessed land
$594,000
Assessed improvement
$3,742,830
Land market value
$1,320,000
Improvement market value
$7,545,000
Total market value
$8,865,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1885
Heating
NONE
Buildings
1
Stories
5
Units
17
Total area
43,338 SF
Lot
0.17 ac (7,223 SF)
Zoning code
C63A
APN
00149-0012
UPID
US63-1696700
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C63A · New York, NYZoning C63A · permitted uses
C63A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1885
Heating
NONE
Stories
5
Buildings
1
Units
17
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C63A
Jurisdiction
New York, NY
Recorded code
C63A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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