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Property profile & analytics
OFF-MARKET
Office Spaces
1575 Hillside Ave 1 New Hyde Park, NY 11040-2521
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-4200702
Property summary
AI-generated overview
This 1,475 sq ft Class A medical condo at 1575 Hillside Ave, Unit #200 in North New Hyde Park, NY (11040), is offered at $750,000 ($508.47/sq ft). The vacant, single-unit property features a welcoming waiting room, reception area, lab room, three exam rooms with sinks, two consultation rooms, and two half bathrooms. Reserved parking is included. Building amenities include a doorman, elevator, ample patient parking, and covered owner parking. Additional features include a phone system, windowed offices, a kitchen area, and a renovated lobby. Situated in Nassau County, this property offers easy access to major hospitals (Northwell and LIJ) and highways. The 100% ownership opportunity is a NNN lease type, located on a 104,480 sq ft lot within a three-story building. Ideal for owner-users seeking a thriving medical practice in a bustling location. This is a single-unit, 100% ownership opportunity.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
APN
08-212-00-0716-U-CA0109-00001
UPID
US63-4200702
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
-
New Hyde Park Medical Arts Building Medical Clinic
-
Pandya Dental Care Dental Office
-
Long Island Biofeedback and Hypnosis Physician Alternative Medicine Practice
-
Pagano Carl DDS Dental Office
-
Fit To Function Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kapil Ny LLC · 18 yrs held
Kapil Ny LLC
since 2008
4 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 New Hyde Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hyde Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,930
Tax year 2023
Assessed value
$3,563
Assessed 2023
Previous assessed
$3,563
+0.0% YoY
Effective rate
615.49%
On assessed value
Assessed land
$1,519
Assessed improvement
$2,044
Total market value
$356,300
Applied tax rate
883.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
APN
08-212-00-0716-U-CA0109-00001
UPID
US63-4200702
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
Heating
NONE
Current owner
From public records · entity-resolved
Kapil Ny LLC
Entity
Mailing address
215 HOLLYWOOD AVE, FLUSHING, NY 11363-1111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2008
$640,000
Kapil Ny LLC
Sutton Place Realty LLC
Grant Deed
$544,000 · Bank Of America
Sep 10, 2007
—
James Edasery
Edasery,beppy
Quit Claim Deed
related
—
Oct 2, 2006
$245,000
Frank Roberto
Mooallem,frederick
Grant Deed
—
—
—
Neural Dyad Holding Corp
—
Deed Of Trust
related
$310,000 · P W C Dev 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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