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Property profile & analytics
OFF-MARKET
Estimated value
$6,285,000
Apartment buildings
150 Secatogue Ave, Farmingdale, NY 11735-2743
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-6059059
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,729 SF
Lot
1.34 ac (58,370 SF)
APN
49-079-00-0150
UPID
US63-6059059
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
-
Fairfield Courtyard at Farmingdale Apartment Building
-
The Great Story Alacvio Family Recreation Center
-
The Great Story Avelore Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.29M
Owner & transaction history
Fairfield Farmingdale LLC · 19 yrs held
Fairfield Farmingdale LLC
since 2006
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,755,000
6.5%
$6,235,000
7%
$5,790,000
Blend value · Realmo final
$6.29M
Range $5.66M – $6.91M · ±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
$277 / 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
$270,627
Tax year 2023
Assessed value
$66,013
Assessed 2023
Previous assessed
$68,896
-4.2% YoY
Effective rate
409.96%
On assessed value
Assessed land
$11,185
Assessed improvement
$54,828
Total market value
$6,601,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
54
Total area
22,729 SF
Lot
1.34 ac (58,370 SF)
APN
49-079-00-0150
UPID
US63-6059059
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
54
Lot
1.34 ac
Current owner
From public records · entity-resolved
Fairfield Farmingdale LLC
Entity
Mailing address
538 BROADHOLLOW RD, MELVILLE, NY 11747-3676
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2017
—
Fairfield Farmingdale LLC
—
Loan Modification, Consolidation And Extension
related
$8,423,750 · Suffolk Cnty Nat'l Bk/riverhea
Aug 8, 2006
$4,785,000
Fairfield Farmingdale LLC
Secatogue Realty LLC
Grant Deed
—
Apr 21, 1999
—
Secatogue Realty LLC
Tosini,carmel
Grant Deed
related
—
—
—
Secatogue Realty LLC
—
Deed Of Trust
related
$600,000 · John Tosini
—
—
Fairfield Farmingdale LLC
—
Deed Of Trust
related
$4,841,245 · Signature Bank
—
—
Fairfield Farmingdale LLC
—
Deed Of Trust
related
$7,161,000 · Signature Bank
—
—
Fairfield Farmingdale LLC
—
Deed Of Trust
related
$1,659,000 · Signature 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.
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