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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Manufacturing properties
123 Frost St Westbury, NY 11590-5030
Entity Owned
Absentee Owner
Free & Clear
Property ID
US63-1448698
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,033 SF
Lot
6.33 ac (275,735 SF)
APN
11-328-00-0157
UPID
US63-1448698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Aryn Richards Big Box & Wholesale Store Furniture & Home Goods
-
Malen & Associates PC Law Firm
-
Supermarket Insurance Insurance Agency
-
Laundromat Success Program Insurance Agency
-
Rehab Institute Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
123 Frost LLC
123 Frost LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,255,000
6.5%
$4,850,000
7%
$4,505,000
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$171 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$607,378
Tax year 2023
Assessed value
$79,956
Assessed 2023
Previous assessed
$121,702
-34.3% YoY
Effective rate
759.64%
On assessed value
Assessed land
$79,955
Assessed improvement
$1.00
Total market value
$7,995,600
Applied tax rate
776.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
22,033 SF
Lot
6.33 ac (275,735 SF)
APN
11-328-00-0157
UPID
US63-1448698
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
6.33 ac
Current owner
From public records · entity-resolved
123 Frost LLC
Entity
Free & Clear · 0 yrs held
Mailing address
68 ARCH ST, GREENWICH, CT 06830-6525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
123 Frost Associates LP
—
Deed
related
$12,000,000 · Jpmorgan Chase Bank NA
Dec 19, 2025
—
123 Frost LLC
123 Frost Associates LP
Deed
related
—
Mar 20, 2025
—
123 Frost Associates LP
123 Frost Associates LP
Deed
related
$7,557,233 · Jpmorgan Chase Bank NA
Oct 14, 1997
—
123 Frost Associates LP
—
Deed Of Trust
related
$4,425,000 · Sun Life Assurance Co Canada
Aug 11, 1994
$2,150,000
White Oaks Partners
Handro,propertie
Grant Deed
$75,000
—
—
123 Frost Associates
—
Deed Of Trust
related
$1,655,929 · Sun Life Assurance Co
—
—
123 Frost Associates LP
—
Deed Of Trust
related
$1,366,018 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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