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    Laffey Real Estate

    55 Northern Blvd.,, East Hills, NY 11548
    (888) 289-6902
    Web Site
    Size: 10+ agents

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    Property Types

    • Residential Multi Family
    • Commercial Sale
    • Land
    • Commercial Lease

    Listings

    For Sale (15)

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    Renovated Three-Family in Queens Village
    $1,498,000
    0.05 Acres

    Renovated Three-Family in Queens Village

    Legal, renovated three-family property with strong rental income potential.

    94-86 218Th St, Queens Village, NY 11428
    View details
    Richmond Hill Colonial Multi-Family Home
    $899,000
    0.06 Acres

    Richmond Hill Colonial Multi-Family Home

    Legal two-family detached Colonial in Richmond Hill, Queens.

    129-03 97Th Ave, Richmond Hill, NY 11419
    View details
    East Elmhurst Land Opportunity
    $339,000
    0.05 Acres

    East Elmhurst Land Opportunity

    Vacant land in East Elmhurst with approved one-family plan.

    97-09 24Th Ave, East Elmhurst, NY 11369
    View details
    Bellerose Two-Family Brick Home
    $925,000
    0.14 Acres

    Bellerose Two-Family Brick Home

    Semi-detached, two-unit home in the heart of Bellerose.

    24704 87Th Dr, Bellerose, NY 11426
    View details
    Spacious Corner Lot in Baldwin
    $455,000
    0.17 Acres

    Spacious Corner Lot in Baldwin

    7,500 sq. ft. corner lot for dream home.

    3051 Grand Ave, Baldwin, NY 11510
    View details
    Dental Business Condo For Sale
    $1,500,000
    1,200 SF

    Dental Business Condo For Sale

    Established dental practice with condo in Rego Park, NY.

    59-04 Junction Blvd, Rego Park, NY 11374
    View details
    Retail Storefront on Guy R Brewer
    $975,000
    0.04 Acres

    Retail Storefront on Guy R Brewer

    Prime retail opportunity in South Jamaica, Queens on busy corridor.

    118-27 Guy R Brewer Blvd, Jamaica, NY 11434
    View details
    Renovated Two-Family Home, Queens
    $899,000
    0.04 Acres

    Renovated Two-Family Home, Queens

    Well-maintained, renovated two-family home in South Richmond Hill, Queens.

    9530 117Th St, South Richmond Hill, NY 11419
    View details
    Flushing Multifamily Investment Opportunity
    $4,300,000

    Flushing Multifamily Investment Opportunity

    Well-maintained 36-unit apartment building in prime Flushing location.

    133-01 Booth Memorial Ave, Flushing, NY 11355
    View details
    Renovated Multifamily Building in Astoria
    $1,399,999
    0.05 Acres

    Renovated Multifamily Building in Astoria

    Completely renovated multifamily building in the heart of Astoria.

    21-07 38Th St, Astoria, NY 11105
    View details
    Jamaica, NY Development Opportunity
    $499,000
    0.06 Acres

    Jamaica, NY Development Opportunity

    2,780 sq ft lot in Jamaica, Queens for sale.

    Guy R Brewer Blvd, Jamaica, NY 11413
    View details
    Renovated Two-Family Home, Bronx
    $1,295,000
    0.06 Acres

    Renovated Two-Family Home, Bronx

    Move-in ready, renovated two-family home with modern upgrades and income potential.

    2916 Heath Ave, Bronx, NY 10463
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    Retail Property in Jamaica, Queens
    $749,000
    1,000 SF

    Retail Property in Jamaica, Queens

    Prime retail space with high visibility in a thriving commercial corridor.

    14703 Guy R Brewer Blvd, Jamaica, NY 11434
    View details
    Jamaica Two-Family Home for Sale
    $925,000
    0.06 Acres

    Jamaica Two-Family Home for Sale

    Two-family home in Jamaica, great for development or investment.

    138-41 102Nd Ave, Jamaica, NY 11435
    View details
    Richmond Hill Two-Family Home
    $949,000
    0.03 Acres

    Richmond Hill Two-Family Home

    Well-maintained two-family home in Richmond Hill South.

    95-06 121St St, South Richmond Hill, NY 11419
    View details

    For Lease (10)

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    Storefront in Downtown Bay Shore
    $5,000 / Mo
    27,007 SF

    Storefront in Downtown Bay Shore

    Spacious storefront in the heart of Bay Shore, NY.

    227 4Th Ave, Bayshore, NY 11706
    View details
    Renovated Medical Space in Great Neck
    $9,500 / Mo
    10,145 SF

    Renovated Medical Space in Great Neck

    Completely renovated medical space with ample parking in Great Neck.

    241 E Shore Rd, Great Neck, NY 11023
    View details
    Hicksville Storefront on South Broadway
    $6,500 / Mo

    Hicksville Storefront on South Broadway

    Prime commercial storefront for lease on South Broadway in Hicksville.

    87 S Broadway, Hicksville, NY 11801
    View details
    Historic Williston Park Retail Storefront
    $9,500 / Mo
    2,100 SF

    Historic Williston Park Retail Storefront

    Iconic corner retail storefront available for rent in Williston Park.

    84 Hillside Ave, Williston Park, NY 11596
    View details
    Downtown Farmingdale Storefront with Basement
    $5,000 / Mo

    Downtown Farmingdale Storefront with Basement

    Spacious storefront in Farmingdale Village, suitable for various businesses.

    155A Main St, Farmingdale, NY 11735
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    Equipped Medical Office Space
    $1,000 / Mo

    Equipped Medical Office Space

    Turnkey medical suite available for lease in Great Neck.

    707 Middle Neck Rd, Great Neck, NY 11024
    View details
    Retail Space in Port Washington
    $4,600 / Mo
    7,379 SF

    Retail Space in Port Washington

    Bright retail space with full basement in prime location.

    660 Port Washington Blvd, Port Washington, NY 11050
    View details
    Williston Park Commercial Space Available
    $5,000 / Mo
    4,138 SF

    Williston Park Commercial Space Available

    Prime commercial space in high-traffic area, suitable for various businesses.

    629-631 Willis Ave, Williston Park, NY 11596
    View details
    Medical Office Space For Lease
    $1,000 / Mo

    Medical Office Space For Lease

    Turnkey medical office space available in Great Neck, NY.

    707 Middle Neck Rd, Great Neck, NY 11021
    View details
    Equipped Medical Office Space
    $1,250 / Mo

    Equipped Medical Office Space

    Turnkey medical suite available for lease in Great Neck.

    707 Middle Neck Rd, Great Neck, NY 11021
    View details

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    Laffey Real 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 Real Estate
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