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Financial
Distress signals
Property profile

144 Grove Ave Cedarhurst, NY 11516

FOR LEASE
Office buildings
Property ID
US63-3382065
1,920 SF 0.07 ac lot Built 1950
Last sale Jan 1993 · $285,000
Individually Owned Owner of record is an individual. 33-yr Hold Held for 33 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Suite 4 is a furnished office suite within a smaller commercial office environment, configured for day-to-day business use. The suite includes two bathrooms and a dedicated waiting room area, as well as an electric fireplace. It is located in Cedarhurst on Grove Avenue, near Central Avenue shopping and restaurants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$4k
Assessed land$906
Assessed improvement$3k
Effective rate372.27%

Value estimate

· Oct 2026
$485k
$437k – $534k
NOI build-up
Gross scheduled income$3k
Vacancy & credit loss−$503
Operating expenses−$573
NOI · 63.12% cap applied$2k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$706/SF
County average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$368 – $1,136
Qualifying comparables8

Cap rate analysis

How does the asset earn?
63.12%
$2k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop10.1
Daycare Center10.1
Bar & Pub8.9

Location

144 Grove Ave Cedarhurst, NY 11516
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales Zoning catalog · not on file

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
553-555 Willow, Cedarhurst, NY 11516 $1,700,000 Nov 2022 2,390 SF
532 Willow, Cedarhurst, NY 11516 $4,000,000 Oct 2022 2,856 SF
680 Central, Cedarhurst, NY 11516-2329 $5,000,000 Dec 2021 610 SF
320 Peninsula, Cedarhurst, NY 11516-1129 $1,300,000 Dec 2021 2,310 SF
600 Oakland, Cedarhurst, NY 11516-1034 $910,000 Sep 2021 2,480 SF
499 Chestnut, Cedarhurst, NY 11516-2242 $6,350,000 Jan 2021 3,364 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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