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Financial
Distress signals
Property profile

603 Chestnut St Garden City, NY 11530

FOR LEASE
Distribution centers
Property ID
US63-5817996
7,920 SF 0.4 ac lot Built 1960
Last sale Nov 2025 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Flex space at 603 Chestnut Street comprises approximately 5,500 SF with a 15-foot ceiling, featuring a dedicated office area and an open warehouse portion. Loading and unloading is supported by one drive-in door, and the premises include approximately 3–4 parking spaces. Electrical service is rated at 800A with 270–480V capacity. The property is located in Garden City near Roosevelt Field Mall and Exit 38, with access to Northern State Parkway, Meadowbrook Parkway, and Hempstead Turnpike. Built…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$60k
Tax billed · 2023
Assessed value$9k
Assessed land$3k
Assessed improvement$6k
Effective rate675.90%

Value estimate

· Oct 2026
$1.82M
$1.64M – $2.00M
CAP approach$2.12M
NOI build-up
Gross scheduled income$121k
Vacancy & credit loss−$8k
Operating expenses−$39k
NOI · 292,360.00% cap applied$73k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$503/SF
County average, outlier-cleaned · 214 recorded sales of this use type
Observed band · Q1–Q3$217 – $1,009
Qualifying comparables23

Cap rate analysis

How does the asset earn?
292,360.00%
$73k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop23.1
Auto Parts Store19.7
Building Supply18.6

Location

603 Chestnut St Garden City, NY 11530
County assessor Recorded deeds · 5 transfers 23 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
91 Commercial, Garden City, NY 11530-6445 $3,150,000 May 2024 2,432 SF
560 Commercial, Garden City, NY 11530-6418 $3,700,000 Sep 2023 14,363 SF
425 Oak, Garden City, NY 11530-6562 $1,430,000 Nov 2022 6,000 SF
585 Commercial, Garden City, NY 11530-6444 $2,650,000 Mar 2021 11,900 SF
175 Railroad, Garden City, NY 11530 $1,700,000 Jul 2020 9,252 SF
557 Brk, Garden City, NY 11530-6415 $3,845,015 Jan 2019 32,480 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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