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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Warehouses
1401 4th Ave, New Hyde Park, NY 11040-5544
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0259230
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,008 SF
Lot
2.21 ac (96,268 SF)
APN
33-556-00-0014
UPID
US63-0259230
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
-
Extra Space Storage Storage Facility
-
Deluxe Car Storage & Sales Storage Facility Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
1401 4th Ave Nhp LLC · 6 yrs held
1401 4th Ave Nhp LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Hyde Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hyde 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
$3,095,000
ML approach
$3,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.70M (Feb 21 2020)
Last sale anchor
$2.70M
Feb 21 2020
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
$99 / 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
$172,953
Tax year 2023
Assessed value
$28,540
Assessed 2023
Previous assessed
$36,022
-20.8% YoY
Effective rate
606.00%
On assessed value
Assessed land
$21,660
Assessed improvement
$6,880
Total market value
$2,854,000
Applied tax rate
331.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
30,008 SF
Lot
2.21 ac (96,268 SF)
APN
33-556-00-0014
UPID
US63-0259230
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
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
1401 4th Ave Nhp LLC
Entity
Mailing address
26 W 17TH ST STE #801, NEW YORK, NY 10011-5787
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
1401 4th Ave Nhp LLC
—
Deed
related
$34,250,000 · Jpmorgan Chase Bank NA
Oct 5, 2022
—
1401 4th Ave Nhp LLC
—
Deed
related
$221,800,000 · Jpmorgan Chase Bank NA
Feb 21, 2020
$13,000,000
1401 4th Ave Nhp LLC
1401 4th Ave LLC
Grant Deed
—
Feb 21, 2020
—
1401 4th Ave Nhp LLC
—
Deed
related
$3,362,500 · Branch Bk&tr
Sep 28, 2012
—
1401 4th Ave LLC
—
Trustees Deed
related
$5,600,000 · Branch Banking & Trust Co
Jun 18, 2012
$2,700,000
1401 4th Ave LLC
Olp New Hyde Park INC
Grant Deed
—
Jul 20, 1998
—
Sylvia Glaser Estate
Bankers Savings
Grant Deed
$1,100,000 · Guardian Life Insurance Co
—
—
1401 4th Ave LLC
—
Deed Of Trust
related
$375,000 · Branch Banking & Trust Co
—
—
1401 4th Ave Nhp LLC
—
Loan Modification
related
$3,362,500 · Branch Bk&tr
—
—
1401 4th Ave Nhp LLC
—
Loan Modification
related
$5,600,000 · Branch Bk&tr
—
—
1401 4th Ave LLC
—
Deed Of Trust
related
$1,300,000 · Branch Banking & Trust Co
—
—
1401 4th Ave Nhp LLC
—
Loan Modification
related
$4,782,120 · Branch Bk&tr
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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