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 and understands true market value.
Institutional Network
Access to 300+ qualified institutional buyers who provide real-time market feedback.
Confidential Process
Your inquiry and property details are kept strictly confidential throughout.
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 triangulates the same three lenses these calculators expose. Drill deeper 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
The six questions principals ask before requesting a Broker Opinion of Value. BOVs from Skyline Properties are free, confidential, and delivered within 24 hours for Manhattan commercial properties.
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 valuation, lease rollover, building systems, recent comparable sales, and conversion-eligibility need to be analyzed by a licensed broker.
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% (widened from 2022 lows due to higher SOFR + Treasury rates); multifamily 4.5-5.8% (regulated rents stable, free-market commands tighter); retail 5.5-7.5% (trophy retail in SoHo, Madison Ave, Bleecker compresses to 4-5%); ground-lease land-only positions 4-6%. Below-replacement-cost basis is the dominant 2026 thesis.
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, typically delivered within 5 business days, that reviews comparable sales, current rent roll and lease structure, building condition, submarket trends, and applicable tax abatements (467-m, J-51, 421-a residual). Skyline Properties — Manhattan's off-market commercial brokerage led by Robert Khodadadian, Founder, President & CEO, with $976M+ closed across 32+ deals and 250+ press features — provides confidential BOVs free for Manhattan commercial properties with no obligation to engage on a sale. Benchmarking comps include the $135M Vanbarton 6 East 43rd Street and $65M Kaufman 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, prepared by a licensed broker for transactional purposes — typically free, fast (5 business days), and submarket-comp-driven. A formal appraisal is performed by a state-certified appraiser following 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; BOV first, appraisal when financing is locked.
How do I value a NYC multifamily building with rent stabilization?
Rent-stabilized NYC multifamily values are driven by current actual rents (not market rents), since the HSTPA 2019 reforms eliminated most pathways to deregulate. Cap rate the in-place NOI at 5-7% depending on building condition + submarket. Expense ratios for stabilized buildings run 35-50% (higher than free-market). 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 — always. Even when selling off-market, an honest BOV from a credible broker establishes a defensible price expectation, prevents leaving money on the table, and shortens the deal timeline by removing the most common deal-killer (unrealistic seller pricing). Skyline Properties delivers free confidential BOVs in 5 business days. The BOV is yours to keep regardless of whether you engage Skyline Properties on the sale.