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Property profile & analytics
OFF-MARKET
Estimated value
$7,370,000
Manufacturing properties
2 Channel Dr, Port Washington, NY 11050-2239
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-3928966
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Total area
60,000 SF
Lot
1.92 ac (83,635 SF)
APN
04-00J-00-0690
UPID
US63-3928966
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
-
The Enchanted Home Home Decor Store Department Store
-
Safavieh Home Decor Store Department Store
-
Safavieh Home Outdoor and Outlet Furniture & Home Goods Hardware & Home Improvement
-
Gemma Simone Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.37M
Owner & transaction history
Two Channel Drive LLC · 14 yrs held
Two Channel Drive LLC
since 2011
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 Port Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Washington 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
$123 / 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
$56,776
Tax year 2023
Assessed value
$8,551
Assessed 2023
Previous assessed
$9,806
-12.8% YoY
Effective rate
663.97%
On assessed value
Assessed land
$7,804
Assessed improvement
$747
Total market value
$855,100
Applied tax rate
723.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Heating
NONE
Total area
60,000 SF
Lot
1.92 ac (83,635 SF)
APN
04-00J-00-0690
UPID
US63-3928966
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
Lot
1.92 ac
Current owner
From public records · entity-resolved
Two Channel Drive LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2 CHANNEL DR, PORT WASHINGTON, NY 11050-2239
Ownership since
2011
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
Aug 24, 2011
$5,900,000
Two Channel Drive LLC
Red Wind Property Group LLC
Grant Deed
—
Jul 13, 2007
$9,830,000
Red Wind Property Group LLC
Thomson Industries INC
Grant Deed
—
—
—
Two Channel Drive LLC
—
Deed Of Trust
related
$3,800,000 · Peoples United Bank
—
—
Red Wind Property Group LLC
—
Deed Of Trust
related
$3,599,000 · Long Island Development Corp
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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