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Property profile & analytics
OFF-MARKET
Investment properties
175 Franklin St Hempstead, NY 11550-5615
Individually Owned
13-yr Hold
Free & Clear
Property ID
US63-0011106
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
FRAME
Total area
440 SF
Lot
0.11 ac (4,800 SF)
APN
34-377-00-0177
UPID
US63-0011106
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
-
Crazy Eddy phone repair Computer & Electronic Repair Tech Support Center
-
Hempstead Cell Phone Repair - SMOKE SHOP Mobile Phone Store Electronics & Wireless Store
-
Amazon Hub Counter - Hempstead Cell Phone Repair Postal Service Courier Service
-
Phone store (Bike/Boat/Book/etc) Store
-
Invalid Mobile Phone Store Electronics & Wireless Store
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
Rosario Drago · 13 yrs held
Rosario Drago
since 2012
7 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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hempstead 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
$15,792
Tax year 2023
Assessed value
$3,353
Assessed 2023
Previous assessed
$3,353
+0.0% YoY
Effective rate
470.98%
On assessed value
Assessed land
$1,411
Assessed improvement
$1,942
Total market value
$335,300
Applied tax rate
399.0000
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
1925
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
3
Total area
440 SF
Lot
0.11 ac (4,800 SF)
APN
34-377-00-0177
UPID
US63-0011106
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
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Stories
2
Units
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rosario Drago
Individual
Free & Clear · 13 yrs held
Mailing address
141 CALVERT AVE, WEST BABYLON, NY 11704-6300
Ownership since
2012
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
Nov 20, 2012
$32,500
Rosario Drago
Piraino,bartolomeo
Grant Deed
—
Nov 20, 2012
—
Franklin St Realty Owners Ltd
Drago,rosario
Grant Deed
related
—
Aug 8, 2008
$241,052
Rosario Drago
Hud
Grant Deed
$184,613 · Home Mart Equitites Ltd
Dec 2, 2005
—
Hud
Us Bank NA
Grant Deed
related
—
Feb 9, 2000
$175,000
Bruney,phillip
Mcallister,vivian
Trustees Deed
$182,200 · First Funding Mortgage Bankers
Feb 9, 2000
$96,000
Mcallister,vivian
Steiner,henry
Trustees Deed
—
Jul 30, 1992
$40,000
Henry Steiner
Unknown
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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