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Property profile & analytics
OFF-MARKET
Estimated value
$17,195,000
Office buildings
1981 Marcus Ave, New Hyde Park, NY 11042-2060
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6094088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
83,830 SF
Lot
6.06 ac (263,974 SF)
APN
08-B18-00-0330
UPID
US63-6094088
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
-
Au Bon Pain Take-out & Catering
-
DermSource Big Box & Wholesale Store
-
Davidov Law Group Law Firm
-
Shaub Ahmuty Citrin & Sprat Law Firm
-
InfinityRx Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.20M
Owner & transaction history
Clk Marcus Avenue Prop Owner L · 14 yrs held
Clk Marcus Avenue Prop Owner L
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,625,000
6.5%
$23,655,000
7%
$21,965,000
Blend value · Realmo final
$17.20M
Range $15.48M – $18.91M · ±10%
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
$205 / 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
$1,976,809
Tax year 2023
Assessed value
$392,783
Assessed 2023
Previous assessed
$392,210
+0.1% YoY
Effective rate
503.28%
On assessed value
Assessed land
$51,966
Assessed improvement
$340,817
Total market value
$39,278,300
Applied tax rate
832.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
83,830 SF
Lot
6.06 ac (263,974 SF)
APN
08-B18-00-0330
UPID
US63-6094088
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
6.06 ac
Current owner
From public records · entity-resolved
Clk Marcus Avenue Prop Owner L
Individual
Mailing address
135 CROSSWAYS PARK DR STE #401, WOODBURY, NY 11797-2005
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2019
—
Clk Marcus Ave Prop Owner LLC
—
Deed
related
$50,000,000 · Metlife Com'l Mtg Originator L
Nov 10, 2016
—
Clk Marcus Avenue Prop Owner L
—
Deed
related
$100,000,000 · Private Individual
Jan 18, 2012
—
Clk Marcus Avenue Prop Owner L
Hp Lake Success LLC
Grant Deed
related
$47,975,188 · Manufacturers Traders & Trust
Oct 24, 2006
—
Stellar Strong Is Member LLC
Rp Stellar Strong Is Owner LLC
Quit Claim Deed
related
—
Oct 24, 2006
$161,500,000
Hp Lake Success LLC
Stellar Strong Is Member LLC
Grant Deed
—
Sep 13, 2005
—
Rp Stellar Strong Island Owner
Rp Stellar Strong Island LLC
Quit Claim Deed
related
$28,000,000 · Greenwich Capital Fin'l INC
Mar 29, 2005
$107,000,000
Rp Stellar Strong Island LLC
Fair Oak LLC
Grant Deed
$82,000,000 · North Fork Bank
Mar 29, 2005
—
Rp Stellar Strong Island LLC
Stellar Strong Island Member L
Quit Claim Deed
related
—
Dec 20, 2004
$39,000,000
Great Oak LLC
Matherhorn USA INC
Grant Deed
—
Dec 20, 2004
—
Fair Oak LLC
Great Oak LLC
Grant Deed
related
—
—
—
Marcus Avenue Prop Owner L Clk
—
Deed Of Trust
related
$43,513,386 · Parlex 5 Finco LLC
—
—
Marcus Avenue Prop Owner L Clk
—
Deed Of Trust
related
$100,000,000 · Parlex 5 Finco LLC
—
—
Marcus Avenue Prop Owner L Clk
—
Deed Of Trust
related
$56,486,613 · Parlex 5 Finco LLC
—
—
Clk Marcus Ave Prop Owner LLC
—
Loan Modification, Consolidation And Extension
related
$50,000,000 · Metlife Com'l Mtg Originator L
—
—
Clk Marcus Avenue Prop Owner L
—
Deed Of Trust
related
$100,000,000 · Private Individual
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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