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Property profile & analytics
FOR LEASE
Banks
20 Squadron Blvd 570A, New City, NY 10956
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6094029
For Lease
$27 SF/Yr
20 Squadron Blvd,Unit 570A, New City, NY 10956
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Total area
62,040 SF
Lot
2.95 ac (128,502 SF)
APN
392089 43.7-1-21
UPID
US63-6094029
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
-
ATM (Trustco Bank) Atm
-
Davis & Davis Law Firm
-
Freedman Wagner Tabakman Weiss: Weiss Michael S Law Firm
-
Park Avenue Benefit Planning, Inc. Insurance Agency
-
Monica S. Carr, LCSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.15M
Blend (final)
Blend
$10.23M
Owner & transaction history
Squadron Equities LLC · 4 yrs held
Squadron Equities LLC
since 2022
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.1M
+35.7%
Auto repair, garage
$12.3M
+26.9%
Restaurant
$12.0M
+24.2%
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 New City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New City 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
$12,965,000
ML approach
$12,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$9,675,000
Current use
COMMERCIAL (GENERAL)
$13,130,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,275,000
Change: +27% · Conversion: Difficult
RESTAURANT
$12,020,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$10,595,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$7,950,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.23M
Range $9.20M – $11.25M · ±10% · vs last sale $9.10M (Jan 26 2022)
Last sale anchor
$9.10M
Jan 26 2022
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
$165 / 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
$2,081,340
Assessed 2023
Previous assessed
$2,081,340
+0.0% YoY
Assessed land
$254,400
Assessed improvement
$1,826,940
Land market value
$446,136
Improvement market value
$3,203,864
Total market value
$3,650,000
Applied tax rate
392,001.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Cooling
CENTRAL
Stories
6
Total area
62,040 SF
Lot
2.95 ac (128,502 SF)
APN
392089 43.7-1-21
UPID
US63-6094029
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
FINANCIAL BUILDING Current
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.3M
RESTAURANT
Est. value
$12.0M
OFFICE BUILDING
Est. value
$10.6M
RETAIL STORES
Est. value
$8.0M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1980
Heating
NONE
Cooling
Yes
Stories
6
Lot
2.95 ac
Current owner
From public records · entity-resolved
Squadron Equities LLC
Entity
Mailing address
46 MAIN ST STE #148, MONSEY, NY 10952-3056
Ownership since
2022
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
Jan 26, 2022
$9,100,000
Squadron Equities LLC
Squadron Blvd LLC
Bargain And Sale Deed
$2,845,860 · Argentic Real Estate Finance
Apr 13, 2017
—
Squadron Blvd LLC
—
Deed
related
$4,520,000 · Berkshire Bk
Oct 23, 2013
$7,450,000
Squadron Blvd LLC
Sbc 2010-1 Reo 104933 LLC
Grant Deed
—
Apr 10, 2012
—
Sbc 2010-1 Reo 104933 LLC
Sbc 2010-1 LLC
Quit Claim Deed
—
Mar 30, 2012
$6,000,000
Sbc 2010-1 LLC
Special Master Of Rockland Cnty
Trustees Deed
related
—
Jul 23, 2007
$14,500,000
Squadron Vcd LLC
Windsor Realty Associates
Warranty Deed
—
Aug 21, 2003
$10,900,000
Windsor Realty Assoc LLC
Akw Holdings LLC
Grant Deed
$8,478,074 · Union State Bank
—
—
Squadron Blvd LLC
—
Deed Of Trust
related
$6,500,000 · Lmrec III Holdings III INC
—
—
Squadron Blvd LLC
—
Loan Modification
related
$4,520,000 · Berkshire 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.
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