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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Manufacturing properties
2 Melnick Dr 16, Monsey, NY 10952-3367
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-3200529
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
35,510 SF
Lot
2.77 ac (120,661 SF)
Zoning code
PLI
APN
392605 56.52-1-1
UPID
US63-3200529
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
-
Bikur Cholim of Rockland County Association Or Organization
-
Krauss Shtraimel Hat Shop
-
Highstyle Stone & Tile Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$2.17M
Owner & transaction history
Melnick Realty LLC · 22 yrs held
Melnick Realty LLC
since 2004
7 recorded transactions
Zoning & alternative use
PLI · Monsey, NY
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 Monsey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monsey 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
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$61 / 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
Property tax & assessments
Assessed value
$485,000
Assessed 2023
Previous assessed
$485,000
+0.0% YoY
Assessed land
$69,300
Assessed improvement
$415,700
Land market value
$106,022
Improvement market value
$635,978
Total market value
$742,000
Applied tax rate
392,602.0000
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
35,510 SF
Lot
2.77 ac (120,661 SF)
Zoning code
PLI
APN
392605 56.52-1-1
UPID
US63-3200529
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
PLI · Monsey, NY
Zoning PLI · permitted uses
PLI · Monsey, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monsey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.77 ac
Current owner
From public records · entity-resolved
Melnick Realty LLC
Entity
Mailing address
1720 STATE RTE 23, WAYNE, NJ 07470-7533
Ownership since
2004
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
Aug 30, 2016
—
Melnick Realty LLC
—
Deed
related
$541,717 · Valley Nat'l Bk
Mar 30, 2004
—
Melnick Realty LLC
Gemstar Holding Co
Grant Deed
$692,521 · Column Financial INC
—
—
Melnick Realty LLC
—
Deed Of Trust
related
$1,354,530 · Valley National Bank
—
—
Melnick Realty LLC
—
Deed Of Trust
related
$5,500,000 · Valley National Bank
—
—
Melnick Realty LLC
—
Deed Of Trust
related
$541,717 · Valley Nat'l Bk
—
—
Melnick Realty LLC
—
Loan Modification, Consolidation And Extension
related
$5,695,000 · Valley Nat'l Bk
—
—
Melnick Realty LLC
—
Deed Of Trust
related
$4,300,000 · State Bank Of Long Island
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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