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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Investment properties
20 Fulton Ave Hempstead, NY 11550-3633
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0287039
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,400 SF
Lot
1.01 ac (43,996 SF)
APN
34-324-00-0419
UPID
US63-0287039
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.16M
Owner & transaction history
20 Hempstead LLC · 15 yrs held
20 Hempstead LLC
since 2010
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+34.0%
Warehouse, storage
$2.2M
+15.3%
Office building
$2.0M
+2.2%
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
Method
Estimation
Statistic approach
$2,550,000
ML approach
$2,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,920,000
Current use
AUTO REPAIR, GARAGE
$2,570,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,215,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$1,960,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,870,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10% · vs last sale $2.00M (Sep 15 2020)
Last sale anchor
$2.00M
Sep 15 2020
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
$491 / 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
$52,782
Tax year 2023
Assessed value
$7,660
Assessed 2023
Previous assessed
$7,660
+0.0% YoY
Effective rate
689.06%
On assessed value
Assessed land
$7,660
Total market value
$766,000
Applied tax rate
322.0000
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,400 SF
Lot
1.01 ac (43,996 SF)
APN
34-324-00-0419
UPID
US63-0287039
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
20 Hempstead LLC
Entity
Mailing address
301ST CENTRAL AVEA, LAWRENCE, NY 11559-1605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
1 Fulton Plaza LLC
—
Deed
related
$5,250,000 · Habib American Bank
Sep 15, 2020
—
1 Fulton Plz LLC
—
Deed
related
$2,536,401 · Nassau Plz Assocs
Oct 5, 2010
$1,300,000
20 Hempstead LLC
S Halpern & Associates LLC
Grant Deed
$308,756 · S Halpern & Associates LLC
Apr 11, 2005
$875,000
S Halper & Associates LLC
Patane George V Trust
Grant Deed
$725,000 · George V Patane
Apr 11, 2005
—
Patane Myrna D Trust
Patane,george V & Myrna D
Quit Claim Deed
related
—
—
—
1 Fulton Plz LLC
—
Deed Of Trust
related
$2,536,401 · Nassau Plz Assocs
—
—
1 Fulton Plz LLC
—
Loan Modification, Consolidation And Extension
related
$4,000,000 · Nassau Plz Assocs
—
—
Nassau Plaza Associates LP
—
Deed Of Trust
related
$1,000,000 · M & T Real Estate Trust
—
—
20 Hempstead LLC
—
Deed Of Trust
related
$800,000 · S Halpern & Associates LLC
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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