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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
130 Tulip Ave A, Floral Park, NY 11001-2738
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1451515
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
FRAME
Total area
1,190 SF
Lot
0.04 ac (1,941 SF)
APN
32-121-00-0003
UPID
US63-1451515
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
-
LibertyX Bitcoin ATM Atm
-
Candy Butts & such Discount Smoke Shop Department Store
-
Hance Family Foundation Charitable Organization Social Service Agency
-
WJH Appraisal Services Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$590k
Owner & transaction history
Prime Tulip LLC · 2 yrs held
Prime Tulip LLC
since 2023
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+19.8%
Auto repair, garage
$780,000
+11.6%
Commercial (general)
$745,000
+6.2%
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 Floral Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Floral Park 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
$640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$335,000
Alternative Use
Use
Estimation
RETAIL STORES
$700,000
Current use
OFFICE BUILDING
$840,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$745,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$600,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $600k (Aug 15 2023)
Last sale anchor
$600k
Aug 15 2023
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
$496 / 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
$14,731
Tax year 2023
Assessed value
$4,181
Assessed 2023
Previous assessed
$4,181
+0.0% YoY
Effective rate
352.33%
On assessed value
Assessed land
$543
Assessed improvement
$3,638
Total market value
$418,100
Applied tax rate
494.0000
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
1923
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Total area
1,190 SF
Lot
0.04 ac (1,941 SF)
APN
32-121-00-0003
UPID
US63-1451515
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
$700,000
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$600,000
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
1923
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Prime Tulip LLC
Entity
Free & Clear · 2 yrs held
Mailing address
37 MADISON AVEA, GARDEN CITY PARK, NY 11040-5010
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
$600,000
Prime Tulip LLC
Lawrence Nitzky
Bargain And Sale Deed
—
May 11, 2007
—
Lawrence Nitzky
Nitzky,margaret
Quit Claim Deed
related
—
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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