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Property profile & analytics
FOR LEASE
Office buildings
1 Jericho Plz Jericho, NY 11753
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6121325
For Lease
1 / 2
$5,155,000
1 Jericho Plz, Jericho, NY 11753
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
6,123 SF
Lot
23.48 ac (1,022,789 SF)
APN
11-355-00-0032
UPID
US63-6121325
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
-
Easy Insurance Agency LLC Insurance Agency
-
American Insurance NY Insurance Agency
-
Kennis Tong Financial Advisor
-
Gallagher Insurance, Risk Management & Consulting Insurance Agency
-
Kintetsu World Express (USA), Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$5.16M
Owner & transaction history
Jericho Plaza LLC · 10 yrs held
Jericho Plaza LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.1M
+86.5%
Restaurant
$5.4M
+25.8%
Neighborhood: shopping center
$5.4M
+24.3%
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 Jericho submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jericho 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,320,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,060,000
Change: +87% · Conversion: Easy
RESTAURANT
$5,435,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,370,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,025,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,965,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,695,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$3,490,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±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
$842 / 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
$2,052,756
Tax year 2023
Assessed value
$286,709
Assessed 2023
Previous assessed
$313,037
-8.4% YoY
Effective rate
715.97%
On assessed value
Assessed land
$210,773
Assessed improvement
$75,936
Total market value
$28,670,900
Applied tax rate
542.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
6,123 SF
Lot
23.48 ac (1,022,789 SF)
APN
11-355-00-0032
UPID
US63-6121325
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
RESTAURANT
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
23.48 ac
Current owner
From public records · entity-resolved
Jericho Plaza LLC
Entity
Mailing address
220 E 42ND ST FL #21, NEW YORK, NY 10017-5806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
G & I Ix Jericho Plz LLC
—
Loan Modification, Consolidation And Extension
related
$122,000,000 · Hsbc Bk USA NA
Jun 14, 2016
$139,744,250
Jericho Plaza LLC
One-two Jericho Plaza Owner Ll
Grant Deed
$3,575,000 · Private Individual
May 3, 2007
$98,047,000
One-two Jericho Plaza Owner Ll
Chasco Co LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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