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Property profile & analytics
OFF-MARKET
Estimated value
$8,295,000
Retail space
203 Hempstead Tpke 209 West Hempstead, NY 11552-1536
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-1758664
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,215 SF
Lot
0.17 ac (7,400 SF)
APN
35-354-00-0001
UPID
US63-1758664
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
-
M&B Laundromat (Bike/Boat/Book/etc) Store
-
Ht Laundromat (Bike/Boat/Book/etc) Store
-
Master Laundrymat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.30M
Owner & transaction history
Nyc Crystal Point INC · 10 yrs held
Nyc Crystal Point INC
since 2016
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 West Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$48,694
Tax year 2023
Assessed value
$6,844
Assessed 2023
Previous assessed
$6,844
+0.0% YoY
Effective rate
711.48%
On assessed value
Assessed land
$2,331
Assessed improvement
$4,513
Total market value
$684,400
Applied tax rate
85.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
52,215 SF
Lot
0.17 ac (7,400 SF)
APN
35-354-00-0001
UPID
US63-1758664
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Nyc Crystal Point INC
Entity
Mailing address
203-209 HEMSTEAD TPKE, WEST HEMPSTEAD, NY 11552
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Nyc Crystal Point INC
—
Deed
related
$1,000,000 · East West Bank
Jun 3, 2019
—
Nyc Crystal Pt INC Trust
—
Deed
related
$990,000 · Bank Of Hope
May 3, 2016
$800,000
Nyc Crystal Point INC
T C & Sons Management INC
Bargain And Sale Deed
—
Sep 20, 2006
—
Tc & Sons Management INC
Tsang,john
Grant Deed
related
—
Aug 25, 2006
$1,500,000
John Tsang
203-211 Hempstead LLC
Grant Deed
$244,720 · Greenpoint Mortgage Funding
Jul 13, 2004
$1,075,000
203-211 Hempstead LLC
South Grove LLC
Grant Deed
$750,000 · North Fork Bank
Jul 13, 2004
—
South Grove LLC
Murrays INC
Grant Deed
related
—
—
—
Nyc Crystal Pt INC Trust
—
Deed Of Trust
related
$990,000 · Bank Of Hope
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.
Try Rey
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