Property profile

159 Hanse Ave Freeport, NY 11520

OFF-MARKET
Manufacturing properties
Property ID
US63-2135548
9,791 SF 0.47 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,791 SF
Lot 0.47 ac (20,343 SF)
APN 62-230-00-0085
UPID US63-2135548

Cap rate & NOI

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

Location

159 Hanse Ave Freeport, NY 11520-4641
Freeport metro Census 414400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.78M

Owner & transaction history

since 2023
Last sale
$7.2M
4 recorded transactions
2023
$7.2M
2023
Price N/A
2021
$2.6M
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $8.7M +125.5%
Neighborhood: shopping center $8.6M +122.8%
Office building $6.9M +79.2%

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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