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Property profile

203 Willis Ave Mineola, NY 11501

FOR SALE
Apartment buildings
Property ID
US63-5849196
3,570 SF 0.12 ac lot Built 1931
Last sale Jul 2009 · $29,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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203 Willis Ave, Mineola, NY 11501 For Sale
$3,500,000 3,570 SF
203 Willis Ave, Mineola, NY 11501
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Property summary

AI-generated overview

This exceptional 15-unit apartment building presents a compelling investment opportunity in the thriving Mineola, New York market. Located at 203 Willis Avenue, this three-story building, constructed in 1931, offers a blend of classic charm and modern convenience. The property is currently fully occupied, generating consistent rental income. The building features a desirable mix of apartment units, all within a well-maintained structure. A ground floor common area provides added convenience…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value$12k
Assessed land$2k
Assessed improvement$11k
Effective rate412.46%

Value estimate

· Oct 2026
$1.70M
$1.53M – $1.86M
NOI build-up
Gross scheduled income$369k
Vacancy & credit loss−$17k
Operating expenses−$159k
NOI · 5.54% cap applied$194k

Realmo valuation models over county records and 36 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,316/SF
County average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$577 – $2,610
Qualifying comparables36

Cap rate analysis

How does the asset earn?
5.54%
$194k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery10.1
Catering Service9.4
Daycare Center9.2

Location

203 Willis Ave Mineola, NY 11501
County assessor Recorded deeds · 5 transfers 36 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 8 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
55 Roselle, Mineola, NY 11501-1908 $13,175,000 Jul 2021 2,984 SF
59 Charles, Mineola, NY 11501-1902 $13,175,000 Jul 2021 1,419 SF
127 Searing, Mineola, NY 11501-2868 $10,000,000 Apr 2021 37,714 SF
160 Old Country, Mineola, NY 11501 $14,179,796 Mar 2019 68,350 SF
104 Frnt, Mineola, NY 11501-4455 $8,611,534 Mar 2019 8,450 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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