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Property profile & analytics
OFF-MARKET
Estimated value
$4,060,000
Office buildings
2016 Linden Blvd, Elmont, NY 11003-4033
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0226929
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
360 SF
Lot
0.45 ac (19,776 SF)
APN
37-Q07-00-0015
UPID
US63-0226929
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
-
Overton & Co Professional Services
-
Pinnacle Financial Medical Clinic
-
Trans AM Air & Sea Freight Service Logistics Company
-
JFK Brokers Associates Charitable Organization Social Service Agency
-
Atlantic Customs Brokers Inc Customs Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
Innovative Resources For Independen · 4 yrs held
Innovative Resources For Independen
since 2021
Last sale
$3.8M
7 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 Elmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmont 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
$4,495,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $3.75M (Dec 21 2021)
Last sale anchor
$3.75M
Dec 21 2021
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
$11,278 / 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
$125,227
Tax year 2023
Assessed value
$16,362
Assessed 2023
Previous assessed
$16,362
+0.0% YoY
Effective rate
765.35%
On assessed value
Assessed land
$4,370
Assessed improvement
$11,992
Total market value
$1,636,200
Applied tax rate
452.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
360 SF
Lot
0.45 ac (19,776 SF)
APN
37-Q07-00-0015
UPID
US63-0226929
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Innovative Resources For Independen
Individual
Mailing address
2016 LINDEN BLVD, ELMONT, NY 11003-4033
Ownership since
2021
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
Dec 21, 2021
$3,750,000
Innovative Resources For Independen
Gjs Realty Associates LLC
Bargain And Sale Deed
$4,250,000 · Td Bank NA
Oct 26, 2006
$2,800,000
Gjs Realty Associates LLC
Apparel Mart LLC
Deed
—
Feb 11, 2004
$1,750,000
Apparel Mart LLC
T & M Realty LLC
Grant Deed
$600,546 · Independence Community Bank
Sep 25, 1997
—
T & M Realty LLC
S & S Realty Co
Grant Deed
related
—
Aug 18, 1997
—
S & S Realty Corp
Nassau County Industrial Dev
Grant Deed
related
—
—
—
Cjs Realty Asociates LLC
—
Deed Of Trust
related
$1,750,000 · Gss Realty Group LLC
—
—
Cjs Realty Asociates LLC
—
Deed Of Trust
related
$79,141 · Gss Realty Group 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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