New search
Property profile & analytics
FOR LEASE
Office buildings
1 Media Crossways, Woodbury, NY 11797
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3305667
For Lease
1 / 2
$10,135,000
1 Media Crossways, Woodbury, NY 11797
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
18,556 SF
Lot
4.47 ac (194,713 SF)
APN
15-196-00-0017
UPID
US63-3305667
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
-
Haiti Air Ambulance Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.14M
Owner & transaction history
Rg Crossways Owner LLC · 3 yrs held
Rg Crossways Owner LLC
since 2022
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.5M
+25.8%
Neighborhood: shopping center
$16.3M
+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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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
$11,170,000
ML approach
$8,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,095,000
Current use
RESTAURANT
$16,475,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$16,280,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,195,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,015,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,195,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$10,575,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$10.14M
Range $9.12M – $11.15M · ±10% · vs last sale $10.25M (Oct 20 2022)
Last sale anchor
$10.25M
Oct 20 2022
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
$546 / 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
$371,398
Tax year 2023
Assessed value
$50,168
Assessed 2023
Previous assessed
$76,762
-34.6% YoY
Effective rate
740.31%
On assessed value
Assessed land
$21,474
Assessed improvement
$28,694
Total market value
$5,016,800
Applied tax rate
625.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
18,556 SF
Lot
4.47 ac (194,713 SF)
APN
15-196-00-0017
UPID
US63-3305667
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
$13.1M
RESTAURANT
Est. value
$16.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$12.0M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
RETAIL STORES
Est. value
$10.6M
OFFICE BUILDING Current
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
4.47 ac
Current owner
From public records · entity-resolved
Rg Crossways Owner LLC
Entity
Mailing address
1271 AVE OF THE AMERICAS FL 24TH, NEW YORK, NY 10020-1300
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Rg Crossways Owner LLC
Rg Crossways Owner LLC
Intrafamily Transfer
related
—
Jan 25, 2022
$10,250,000
Rg Crossways Owner LLC
Rxr 1 Media Crossways Owner LLC
Bargain And Sale Deed
—
Sep 18, 2019
—
Rxr 420 Crossways Pk Drive Own
—
Grant Deed
related
$22,290,324 · Other Institutional Lenders
Mar 19, 2019
—
Rxr 420 Crossways Pk Drive Own
—
Loan Modification, Consolidation And Extension
related
$3,897,148 · Other Institutional Lenders
Jan 8, 2019
—
Rxr 420 Crossways Pk Drive Own
—
Loan Modification, Consolidation And Extension
related
$107,823,248 · Other Institutional Lenders
Oct 20, 2017
—
Rxr 420 Crossways Park Drive
—
Grant Deed
related
$1,120,560 · Other Institutional Lenders
Oct 28, 2014
—
Rxr 1 Media Crossways Owner Ll
—
Grant Deed
related
$6,000,000 · Woodbury Sl Nt-ii LLC
Oct 23, 2014
—
Txr 1 Media Crossways Owner Ll
Cli-hp 1 Media Crossways LLC
Grant Deed
—
Mar 9, 2012
—
Park 280crossways Park Dr Lake
—
Deed Of Trust
related
$163,595 · Us Bank NA
Apr 4, 2005
—
Lake Park 1 Media Crossways Ll
Industrial & Research Assoc Ll
Grant Deed
—
—
—
Rxr 420 Crossways Pk Drive Own
—
Loan Modification, Consolidation And Extension
related
$75,708,854 · Other Institutional Lenders
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
