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Financial
Distress signals
Property profile

1189 Old Country Rd Riverhead, NY 11901

OFF-MARKET
Other investment properties
Property ID
US63-0396508
13,645 SF 1 ac lot Built 1948
Last sale Mar 2014 · $2,310,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail building known as a Fortunoff Backyard Store, comprising approximately 13,645 rentable square feet on an estimated 1.01-acre parcel. The structure dates to 1948 and is located at 1189 Old Country Road in Riverhead, New York. The building is configured for retail use and is associated with a 10-year Triple Net (NNN) lease arrangement that commenced on 12/17/2021, with contractual rent increases scheduled every five years during the lease term.

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

What does the county charge?
Assessed value · 2023$201k
Assessed land$47k
Assessed improvement$154k

Value estimate

· Oct 2026
$3.20M
$2.88M – $3.51M
AI approach$3.38M
CAP approach$3.74M
Submarket $/SF estimate$2.34M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$263/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$171 – $364

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
03 - MULTI-FAMILY
JurisdictionSUFFOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.9
HVAC Service13.6
Electrical Service11.6

Location

1189 Old Country Rd Riverhead, NY 11901-2067
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5087 Sound, Riverhead, NY 11901-5527 $950,000 May 2025 3,753 SF
720 Main, Riverhead, NY 11901 $1,638,000 Mar 2025 4,180 SF
206 Roanoke, Riverhead, NY 11901-2706 $650,000 Mar 2025 4,394 SF
1125 Old Country, Riverhead, NY 11901 $2,250,000 Jul 2024 5,808 SF
1086 Old Country, Riverhead, NY 11901-2020 $1,225,000 May 2024 4,550 SF
1199 Old Country, Riverhead, NY 11901-2067 $2,515,000 Mar 2024 5,168 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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