Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Retail space
208 Franklin Ave 220 Franklin Square, NY 11010-1439
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3844592
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,980 SF
Lot
0.32 ac (13,765 SF)
APN
35-025-00-0132
UPID
US63-3844592
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
-
New York Master Barbers Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
Naterace LLC · 2 yrs held
Naterace LLC
since 2023
Last sale
$2.0M
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 Franklin Square submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Square 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
$2,120,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,430,000
7%
$2,260,000
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $1.98M (Dec 7 2023)
Last sale anchor
$1.98M
Dec 7 2023
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
$251 / 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
$70,720
Tax year 2023
Assessed value
$12,968
Assessed 2023
Previous assessed
$12,968
+0.0% YoY
Effective rate
545.34%
On assessed value
Assessed land
$3,369
Assessed improvement
$9,599
Total market value
$1,296,800
Applied tax rate
473.0000
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
7,980 SF
Lot
0.32 ac (13,765 SF)
APN
35-025-00-0132
UPID
US63-3844592
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Naterace LLC
Entity
Mailing address
98 FUNSTON AVE, ALBERTSON, NY 11507-1816
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
$1,980,000
Naterace LLC
5220 Flushing LLC
Bargain And Sale Deed
$1,584,000 · New Millennium Bank
Aug 16, 2021
$1,550,000
5220 Flushing LLC
Mvm Realty Two LLC
Bargain And Sale Deed
$700,000 · East West Bank
Jan 22, 2020
—
Mvm Realty Two LLC
Antonietta Polise
Grant Deed
—
Jan 14, 2020
—
Antonietta Polise
G Polise Realty Corp
Quit Claim Deed
related
—
Sep 30, 2013
$1,000,000
G Polise Realty Corp
212 Franklin Ave LLC
Grant Deed
—
May 12, 2011
—
Franklin Avenue LLC
—
Deed Of Trust
related
$76,799 · Louis D'alessio
Jan 20, 2004
—
212 Franklin Avenue LLC
Dalleinne,scott
Grant Deed
$475,000 · State Bank Of Long Island
Jan 19, 1995
$350,000
S Dalleinne
220,franklin Ass
Grant Deed
$200,000
Dec 1, 1993
$510,000
220 Franklin Associates
Batz,r
Grant Deed
—
—
—
212 Franklin Ave LLC
—
Deed Of Trust
related
$400,000 · Empire National Bank
—
—
212 Franklin Avenue LLC
—
Deed Of Trust
related
$25,082 · Empire National Bank
—
—
212 Franklin Ave LLC
—
Deed Of Trust
related
$400,000 · Empire National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 Franklin Ave, Unit 220?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
