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Property profile & analytics
OFF-MARKET
Estimated value
$16,555,000
High-rise multifamily apartments
1 3rd Ave, Mineola, NY 11501-4299
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-4334962
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2014
Total area
50,761 SF
Lot
1.33 ac (57,804 SF)
APN
09-675-00-0002-A
UPID
US63-4334962
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
-
1 Third Avenue Apartment Building
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
MC Eyelashes Hair Salon Nail Salon
-
Flood Cleanup And Water Damage - WeR Nassau Hardware & Home Improvement Construction Company
-
Wasch & Ritson LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.56M
Owner & transaction history
Mineola Properties LLC · 12 yrs held
Mineola Properties LLC
since 2013
5 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 Mineola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mineola 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%
$15,090,000
6.5%
$13,930,000
7%
$12,935,000
Blend value · Realmo final
$16.56M
Range $14.90M – $18.21M · ±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
$326 / 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
Assessed value
$751,061
Assessed 2023
Previous assessed
$751,061
+0.0% YoY
Assessed land
$36,432
Assessed improvement
$714,629
Total market value
$75,106,100
Applied tax rate
702.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Stories
11
Units
315
Total area
50,761 SF
Lot
1.33 ac (57,804 SF)
APN
09-675-00-0002-A
UPID
US63-4334962
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
11
Units
315
Lot
1.33 ac
Current owner
From public records · entity-resolved
Mineola Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1999 MARCUS AVE STE #310, NEW HYDE PARK, NY 11042-1020
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Mineola Properties LLC
—
Deed
related
$72,500,000 · Jp Morgan Chase Bk
Aug 1, 2013
$12,722,910
Mineola Properties LLC
Metropolitan Transportation Au
Grant Deed
—
Apr 26, 2005
—
Metropolitan Transportation Au
Keyspan Energy Delivery Long I
Grant Deed
related
—
—
—
Nassau County Industrial Dev G
—
Deed Of Trust
related
$9,760,000 · Nassau County (fl)
—
—
Mineola Properties LLC
—
Loan Modification, Consolidation And Extension
related
$72,500,000 · Jp Morgan Chase Bk
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.
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