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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
1268 Hempstead Tpke, Elmont, NY 11003-1144
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-6252126
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
FRAME
Total area
1,330 SF
Lot
0.11 ac (4,948 SF)
APN
33-368-00-0014
UPID
US63-6252126
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
-
Keystone Insurance Corporation Insurance Agency
-
Lendmor Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Elyon Bapaz INC · 7 yrs held
Elyon Bapaz INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+31.0%
Auto repair, garage
$875,000
+22.0%
Commercial (general)
$830,000
+16.2%
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 Elmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmont 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
RETAIL STORES
$715,000
Current use
OFFICE BUILDING
$940,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$875,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$670,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$447 / 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
$20,425
Tax year 2023
Assessed value
$2,713
Assessed 2023
Previous assessed
$2,713
+0.0% YoY
Effective rate
752.86%
On assessed value
Assessed land
$1,562
Assessed improvement
$1,151
Total market value
$271,300
Applied tax rate
471.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Total area
1,330 SF
Lot
0.11 ac (4,948 SF)
APN
33-368-00-0014
UPID
US63-6252126
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
RETAIL STORES Current
Est. value
$715,000
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$670,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1926
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Elyon Bapaz INC
Entity
Mailing address
393 JERICHO TPKE, MINEOLA, NY 11501-1200
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2019
—
Elyon Bapaz INC
—
Deed
related
$420,000 · Cross River Bk
Sep 12, 2018
$426,000
Elyon Bapaz INC
Referee Of Nassau Cnty|mark Goidell Esq
Trustees Deed
$500,000 · Manhattan Bridge Cap
Jun 15, 2009
—
1268 Hempstead Tpke LLC
Mangiaracina,mitch
Grant Deed
—
Jun 21, 2004
$535,000
Mitch Magiarcino
Riggi,anthony & Maria
Grant Deed
—
Oct 21, 1997
$226,000
Anthony Riggi
Conover,jeanette H
Grant Deed
$211,000 · Mortgage Lending America
—
—
Elyon Bapaz INC
—
Loan Modification
related
$420,000 · Cross River Bk
—
—
Mitch Nangiaracina
—
Deed Of Trust
related
$322,500 · Interbay Funding LLC
—
—
Anthony Riggi
—
Deed Of Trust
related
$42,000 · Fhb Funding Corp
—
—
Mitch Mangiaracino
—
Deed Of Trust
related
$450,000 · J P Morgan Chase Bank
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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