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Property profile & analytics
OFF-MARKET
Estimated value
$9,185,000
High-rise multifamily apartments
148 Frnt St, Farmingdale, NY 11735-2680
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-4067868
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2014
Total area
63,690 SF
Lot
1.91 ac (83,200 SF)
APN
49-077-00-0069
UPID
US63-4067868
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.19M
Owner & transaction history
Tdi Jefferson Station LLC · 12 yrs held
Tdi Jefferson Station LLC
since 2014
Last sale
$7.4M
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 Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale 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
$8,425,000
ML approach
$9,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.19M
Range $8.27M – $10.10M · ±10% · vs last sale $7.35M (Feb 21 2020)
Last sale anchor
$7.35M
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
$144 / 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
Assessed value
$267,595
Assessed 2023
Previous assessed
$267,595
+0.0% YoY
Assessed land
$20,384
Assessed improvement
$247,211
Total market value
$26,759,500
Applied tax rate
500.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
115
Total area
63,690 SF
Lot
1.91 ac (83,200 SF)
APN
49-077-00-0069
UPID
US63-4067868
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
115
Lot
1.91 ac
Current owner
From public records · entity-resolved
Tdi Jefferson Station LLC
Entity
Mailing address
538 BROADHOLLOW RD, MELVILLE, NY 11747-3676
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Fairfield Jefferson At Farmingdale
—
Deed
related
$3,824,000 · Pgim Real Estate Finance LLC
Feb 21, 2020
—
Fairfield Jefferson At Farming
—
Deed
related
$54,803,000 · Prudential Affordable Mtg
Feb 14, 2017
—
Tdi Jefferson Station LLC
—
Grant Deed
related
$17,400,023 · Bank Of America
Feb 7, 2014
—
Tdi Jefferson Station LLC
183 South Wellwood Ave Corp
Grant Deed
related
—
Dec 5, 2013
$6,316,875
Tdi Jefferson Station LLC
183 South Wellwood Ave Corp
Grant Deed
—
Dec 5, 2013
$2,500,000
Tdi Jefferson Station LLC
183 South Wellwood Ave Corp
Grant Deed
—
Dec 5, 2013
—
Incorporated Village Of Farmingda
Tdi Jefferson Station LLC
Grant Deed
related
—
Jan 20, 2005
$3,700,000
183 South Wellwood Avenue
Polizzotto Family Limited
Deed
—
—
—
Fairfield Jefferson At Farming
—
Loan Modification, Consolidation And Extension
related
$54,803,000 · Prudential Affordable Mtg
—
—
183 South Wellwood Ave Corp
—
Deed Of Trust
related
$500,000 · Bartone Properties LLC
—
—
183 South Wellwood Avenue Corp
—
Deed Of Trust
related
$200,000 · Bartone Properties LLC
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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