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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Investment properties
1502 Hanover St, Yorktown Heights, NY 10598-4708
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3174959
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1966
Total area
3,248 SF
Lot
3.16 ac (137,650 SF)
Zoning code
R1-40
APN
555400 48.11-3-63
UPID
US63-3174959
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
$1.16M
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$885k
Owner & transaction history
Steven Benitz · 3 yrs held
Steven Benitz
since 2022
Last sale
$875,000
3 recorded transactions
Zoning & alternative use
R1-40 · Yorktown Heights, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+2.4%
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 Yorktown Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yorktown Heights 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
$1,230,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,155,000
Current use
WAREHOUSE, STORAGE
$1,180,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,140,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $875k (Oct 14 2022)
Last sale anchor
$875k
Oct 14 2022
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
$272 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$13,850
Assessed 2023
Previous assessed
$17,600
-21.3% YoY
Assessed land
$3,600
Assessed improvement
$10,250
Land market value
$209,302
Improvement market value
$595,930
Total market value
$805,232
Applied tax rate
555,402.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,248 SF
Lot
3.16 ac (137,650 SF)
Zoning code
R1-40
APN
555400 48.11-3-63
UPID
US63-3174959
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1-40 · Yorktown Heights, NY
Zoning R1-40 · permitted uses
R1-40 · Yorktown Heights, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yorktown Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1966
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
2
Lot
3.16 ac
Current owner
From public records · entity-resolved
Steven Benitz
Individual
Mailing address
1502 HANOVER ST, YORKTOWN HEIGHTS, NY 10598-4708
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$875,000
Steven Benitz
Gerard Brady
Bargain And Sale Deed
$700,000 · Homestead Funding Corp
May 25, 2016
—
Gerard Brady
—
Deed
related
$410,000 · Citimortgage INC
Nov 21, 2005
$711,400
Gerard Brady
Henry Feingold
Bargain And Sale Deed
$500,000 · Suntrust Mortgage INC
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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