NYC Commercial Property: What's My Building
Get a free preliminary property valuation in under 60 seconds. Full professional analysis available within 24 hours.
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Why Choose Skyline Properties for Your Valuation?
Off-Market Expertise
Our team has closed $976M+ in off-market transactions, so we know what buildings actually trade for.
Institutional Network
300+ qualified institutional buyers who tell us in real time what they would pay.
Confidential Process
Your inquiry and property details stay strictly confidential from start to finish.
Fast Turnaround
Receive a preliminary valuation instantly and a full BOV within 48-72 hours.
Stress-test the BOV with Skyline Properties' calculator suite
Every Broker Opinion of Value Skyline Properties delivers checks value from the same angles these calculators cover. Run the numbers yourself, or read the Manhattan Investment Sales Broker pillar guide for the full Skyline Properties playbook.
Cap Rate Calculator
Solve for value, cap rate, or required NOI against 2026 NYC benchmarks.
NOI Calculator
Build the income line that drives every BOV.
Ground Lease Calculator
Fee + leasehold modeling on 49 / 75 / 99-year NYC ground leases.
467-m Tax Calculator
35-year present value of the office-to-residential abatement.
FAQ
Property valuation: common questions
Six questions principals ask before they request a Broker Opinion of Value. A Skyline Properties BOV on a Manhattan commercial property is free, confidential, and delivered within 24 hours.
How much is my office building worth in Manhattan?
Manhattan office building values in 2026 typically range from $200-$800 per square foot depending on location, condition, vintage, and occupancy. Midtown Class A trophy averages $500-700/SF; Midtown Class B/C averages $300-500/SF; FiDi Class B (where 467-m conversion economics work) trades at $200-350/SF. Cap rates range 5.5-8.5%. For an accurate number, a licensed broker has to look at lease rollover, building systems, recent comparable sales, and conversion eligibility.
What is the average cap rate for NYC commercial real estate in 2026?
NYC commercial real estate cap rates in 2026 average: office 6.0-8.5% (wider than the 2022 lows because SOFR and Treasury rates are higher); multifamily 4.5-5.8% (regulated rents stable, free-market tighter); retail 5.5-7.5% (trophy retail in SoHo, on Madison Ave, and on Bleecker compresses to 4-5%); ground-lease land-only positions 4-6%. The dominant 2026 thesis is buying below replacement cost.
How does a Broker Opinion of Value (BOV) work?
A Broker Opinion of Value (BOV) is a written estimate of a property's market value prepared by a licensed broker, usually within 5 business days. It covers comparable sales, the current rent roll and lease structure, building condition, submarket trends, and any tax abatements that apply (467-m, J-51, 421-a residual). Skyline Properties, Manhattan's off-market commercial brokerage led by Robert Khodadadian, Founder, President & CEO ($976M+ closed across 32+ deals, 250+ press features), prepares confidential BOVs free for Manhattan commercial properties, with no obligation to hire us for a sale. Benchmark comps include the $135M Vanbarton purchase of 6 East 43rd Street and the $65M Kaufman ground lease at 236 Fifth Avenue. Submit at /bov-request.
What is the difference between BOV and a formal appraisal?
A BOV (Broker Opinion of Value) is non-binding and prepared by a licensed broker for transactional purposes. It is usually free, fast (5 business days), and driven by submarket comps. A formal appraisal is performed by a state-certified appraiser under USPAP standards, costs $5,000-$25,000+ for Manhattan commercial property, takes 4-8 weeks, and is required for institutional financing and litigation. Both have their place: get the BOV first, and the appraisal once financing is locked.
How do I value a NYC multifamily building with rent stabilization?
Rent-stabilized NYC multifamily is valued on actual in-place rents, since the HSTPA 2019 reforms eliminated most pathways to deregulate. Cap the in-place NOI at 5-7% depending on building condition and submarket. Expense ratios for stabilized buildings run 35-50%, higher than free-market. Then adjust for upcoming MCI/IAI eligibility, tax abatement status (J-51, 421-a residual), and any free-market unit upside.
Should I get a property valuation before listing?
Yes, every time. Even in an off-market sale, an honest BOV from a credible broker gives you a price you can defend, keeps you from leaving money on the table, and shortens the deal by removing the most common deal-killer: unrealistic seller pricing. Skyline Properties delivers free, confidential BOVs in 5 business days, and the BOV is yours to keep whether or not you hire Skyline Properties for the sale.