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Property profile & analytics
OFF-MARKET
Estimated value
$14,150,000
Office buildings
1999 Marcus Ave, New Hyde Park, NY 11042-1033
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3655420
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
84,002 SF
Lot
3.04 ac (132,553 SF)
APN
08-B18-00-0337
UPID
US63-3655420
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
-
Perlmutter Cancer Center at NYU Langone Long Island Hematology and Oncology Medical Clinic
-
Wound Center Hospital
-
Northwell Health Comprehensive Wound Care Center and Vascular Access Program Medical Clinic
-
Laser Vaginal Rejuvenation Institute of New York Medical Clinic
-
Rosemarie M. Cua, PT 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
$14.15M
Owner & transaction history
Mony At Lk Lk Success LLC · 6 yrs held
Mony At Lk Lk Success LLC
since 2020
3 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
$168 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$337,447
Tax year 2024
Assessed value
$178,724
Assessed 2024
Previous assessed
$178,724
+0.0% YoY
Effective rate
188.81%
On assessed value
Assessed land
$33,133
Assessed improvement
$145,591
Total market value
$17,872,400
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
2003
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
84,002 SF
Lot
3.04 ac (132,553 SF)
APN
08-B18-00-0337
UPID
US63-3655420
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
2003
Heating
YES
Cooling
Yes
Stories
3
Lot
3.04 ac
Current owner
From public records · entity-resolved
Mony At Lk Lk Success LLC
Entity
Mailing address
1999 MARCUS AVE STE #310, NEW HYDE PARK, NY 11042-1020
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
—
Mony At Lk Lk Success LLC
Nassau Cnty Indl Dev Agcy
Grant Deed
$23,721,172 · New York Cmnty Bk
—
—
Nassau County Indl Dev Agcy
—
Deed Of Trust
related
$3,082,150 · Corus Bk
—
—
Mony At Lk Success LLC
—
Loan Modification, Consolidation And Extension
related
$23,721,172 · New York 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.
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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