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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Investment properties
215 Main St, New Paltz, NY 12561-1307
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0949511
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Total area
6,900 SF
Lot
0.78 ac (33,977 SF)
Zoning code
B1
APN
513801 86.35-1-48
UPID
US63-0949511
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
-
Asian Fusion Restaurant
-
Chroma Hair Salon
-
Magical Vibes LLC Service Establishment Gift Shop
-
RoseBud Entity Service Establishment Wellness Program
-
Tantra Art & Clay Art Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Best Eastern LLC · 3 yrs held
Best Eastern LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
B1 · New Paltz, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+15.4%
Auto repair, garage
$1.3M
+11.1%
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 Paltz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Paltz 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
$2,055,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,350,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,300,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.86M (Aug 9 2022)
Last sale anchor
$1.86M
Aug 9 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
$283 / 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
$799,800
Assessed 2023
Previous assessed
$750,000
+6.6% YoY
Assessed land
$139,000
Assessed improvement
$660,800
Land market value
$210,606
Improvement market value
$1,001,212
Total market value
$1,211,818
Applied tax rate
513,801.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
6,900 SF
Lot
0.78 ac (33,977 SF)
Zoning code
B1
APN
513801 86.35-1-48
UPID
US63-0949511
Jurisdiction
ULSTER
Zoning & alternative use
B1 · New Paltz, NY
Zoning B1 · permitted uses
B1 · New Paltz, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Paltz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Best Eastern LLC
Entity
Mailing address
186 N PUTT CORS RD, NEW PALTZ, NY 12561-3407
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$1,860,000
Best Eastern LLC
Serra LLC
Deed
$1,488,000 · Sawyer Savings Bank
May 10, 2018
—
Serra LLC
—
Deed
related
$400,000 · Salisbury Bk&tr
—
—
Serra LLC
—
Deed Of Trust
related
$349,430 · Riverside Bank
—
—
Serra LLC
—
Deed Of Trust
related
$75,000 · County Of Ulster
—
—
Serra LLC
—
Loan Modification
related
$400,000 · Salisbury Bk&tr
—
—
Serra LLC
—
Deed Of Trust
related
$300,000 · Riverside Bank
—
—
Serra LLC
—
Deed Of Trust
related
$100,000 · Riverside 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.
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