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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Banks
155 Merrick Rd, Freeport, NY 11520-3743
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1622126
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
2,400 SF
Lot
0.06 ac (2,415 SF)
APN
62-114-00-0108
UPID
US63-1622126
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
-
Dr. Vladimir Liberman Physician Medical Clinic
-
Kenneth Becker MD Physician
-
Dr. Steven Davis Ophthalmologist
-
Stanley Ring Physician Medical Clinic
-
Gylynthia Trotman, MD, MPH Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
155 Merrick Bh LLC · 1 yrs held
155 Merrick Bh LLC
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+9.2%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$2,420,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,930,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,105,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,695,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,575,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10% · vs last sale $2.37M (Jan 16 2025)
Last sale anchor
$2.37M
Jan 16 2025
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
$944 / 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
$2,704
Tax year 2023
Assessed value
$781
Assessed 2023
Previous assessed
$781
+0.0% YoY
Effective rate
346.22%
On assessed value
Assessed land
$698
Assessed improvement
$83
Total market value
$78,100
Applied tax rate
7.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Total area
2,400 SF
Lot
0.06 ac (2,415 SF)
APN
62-114-00-0108
UPID
US63-1622126
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
FINANCIAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
155 Merrick Bh LLC
Entity
Mailing address
155 W MERRICK RD, FREEPORT, NY 11520-3743
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 16, 2025
$2,369,000
155 Merrick Bh LLC
155 West Sozan Properties LLC
Bargain & Sale Deed
$1,150,000 · Wilshire Quinn Income Fund LLC
Dec 24, 2020
—
155 W Sozan Props LLC
—
Deed
related
$2,126,250 · Dime Cmnty Bk
Jul 22, 2016
—
New York 41 John Street Corp
—
Deed
related
$2,866,500 · Sterling Nat'l Bk
May 24, 2016
$2,000,000
155 W Merrick Corp
114 Church Street Realty Corp
Bargain And Sale Deed
—
Jun 4, 2014
$1,675,000
114 Church Street Realty Corp
Ostuni,john A
Grant Deed
—
—
—
New York 41 John Street Corp
—
Loan Modification, Consolidation And Extension
related
$2,866,500 · Sterling Nat'l Bk
—
—
155 W Sozan Props LLC
—
Deed Of Trust
related
$2,126,250 · Dime Cmnty Bk
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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