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    Laffey International Realt Estate

    193 Hillside Avenue, Williston Park, NY 11596
    (800) 774-1462
    Web Site
    Size: 10+ agents

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    • Commercial Sale
    • Commercial Lease
    • Residential Multi Family
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    Listings

    For Sale (12)

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    Pleasant Valley Multifamily Investment Opportunity
    $4,250,000
    1.10 Acres

    Pleasant Valley Multifamily Investment Opportunity

    Fully occupied 24-unit multifamily property in Dutchess County, NY.

    2042 Route 44, Pleasant Valley, NY 12569
    View details
    Lloyd Neck Waterfront Land
    $1,950,000
    2.50 Acres

    Lloyd Neck Waterfront Land

    2.5 acres with approved plans for luxury waterfront home.

    23 Mallard Dr, Lloyd Neck, NY 11743
    View details
    Old Westbury Land For Sale
    $1,999,000
    4.63 Acres

    Old Westbury Land For Sale

    4.63 acres in exclusive gated community to build dream house.

    6 Stable Ln, Old Westbury, NY 11568
    View details
    Centre Island Waterfront Land Parcel
    $2,995,000
    3.00 Acres

    Centre Island Waterfront Land Parcel

    Rare 3-acre waterfront property with 1500 feet of beachfront.

    224 Centre Island Rd, Centre Island, NY 11771
    View details
    Red Hook Buildable Lot
    $1,499,000
    0.06 Acres

    Red Hook Buildable Lot

    Permitted lot in Red Hook with included materials and plans.

    166 Coffey St, Brooklyn, NY 11231
    View details
    Gas Station and Retail Business
    $275,000

    Gas Station and Retail Business

    Gas station and retail business in high-traffic Flushing location.

    154-09 Union Tpke, Flushing, NY 11367
    View details
    Seaford Development Site Available
    $1,195,000
    0.66 Acres

    Seaford Development Site Available

    1.6-acre development site in Seaford, NY.

    2349 S Seamans Neck Rd, Seaford, NY 11783
    View details
    Southampton Village Multifamily Opportunity
    $2,300,000
    0.33 Acres

    Southampton Village Multifamily Opportunity

    Two-family home in the heart of Southampton Village.

    39 Halsey Ave, Southampton, NY 11968
    View details
    Oceanfront Lot in Westhampton Dunes
    $4,200,000
    0.26 Acres

    Oceanfront Lot in Westhampton Dunes

    Prime oceanfront building lot with sunset ocean views and bay access.

    699 Dune Rd, West Hampton Beach, NY 11978
    View details
    Renovated Valley Stream Two-Family Home
    $989,000

    Renovated Valley Stream Two-Family Home

    Fully renovated two-family home with six bedrooms and three baths.

    115 N Corona Ave, Valley Stream, NY 11580
    View details
    24-Unit Multifamily Investment Opportunity
    $4,250,000

    24-Unit Multifamily Investment Opportunity

    Fully stabilized 24-unit multifamily property in desirable Hudson Valley submarket.

    2042 Route 44, Pleasant Valley, NY 12569
    View details
    Renovated Elmont Road Opportunity
    $5,250,000

    Renovated Elmont Road Opportunity

    Renovated building approved for hotel/motel, retail use.

    570 Elmont Rd, Elmont, NY 11003
    View details

    For Lease (3)

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    Prime Retail/Office Space, Amityville
    $2,895 / Mo
    12,632 SF

    Prime Retail/Office Space, Amityville

    Excellent opportunity in Amityville's busy shopping area for retail/office.

    191A Broadway, Amityville, NY 11701
    View details
    Turnkey Office Space in Smithtown
    $3,300 / Mo
    22,651 SF

    Turnkey Office Space in Smithtown

    Professional office space in a prime Smithtown location for rent.

    186 W Main St, Smithtown, NY 11787
    View details
    Renovated Apartment in Far Rockaway
    $12 SF/Yr

    Renovated Apartment in Far Rockaway

    Modern 3-bedroom apartment with in-unit laundry and parking.

    423 Beach 9Th St, Queens, NY 11691
    View details

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    Laffey International Realt Estate
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    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
    Laffey International Realt Estate
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