Property profile

1516 Northern Blvd 1524 Manhasset, NY 11030

OFF-MARKET
Investment properties
Property ID
US63-2022855
5,548 SF 0.88 ac lot Built 1948
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,548 SF
Lot 0.88 ac (38,246 SF)
APN 03-145-00-0022
UPID US63-2022855

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Kitchen & Bath Showroom Furniture & Home Goods

Location

1516 Northern Blvd, Unit 1524 Manhasset, NY 11030-3006
Manhasset metro Census 301900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.92M
Blend (final) Blend
$7.15M

Owner & transaction history

since 2020
Last sale
$5.6M
1 recorded transaction
2020
$5.6M

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $7.3M +103.3%
Restaurant $4.9M +37.1%
Neighborhood: shopping center $4.9M +35.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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