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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Apartment buildings
22 Pearsall Ave Freeport, NY 11520-2658
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-3164426
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
FRAME
Total area
10,557 SF
Lot
0.68 ac (29,621 SF)
APN
54-068-00-0015
UPID
US63-3164426
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
-
Benevolent Wax Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.90M
Owner & transaction history
22 Pearsall LLC · 10 yrs held
22 Pearsall LLC
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$464 / 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
$92,355
Tax year 2023
Assessed value
$35,062
Assessed 2023
Previous assessed
$26,472
+32.4% YoY
Effective rate
263.40%
On assessed value
Assessed land
$4,851
Assessed improvement
$30,211
Total market value
$3,506,200
Applied tax rate
7.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
32
Total area
10,557 SF
Lot
0.68 ac (29,621 SF)
APN
54-068-00-0015
UPID
US63-3164426
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
1928
Construction
FRAME
Heating
FORCED AIR
Stories
3
Units
32
Lot
0.68 ac
Current owner
From public records · entity-resolved
22 Pearsall LLC
Entity
Mailing address
100 BROOKLYN AVE APT 1K, FREEPORT, NY 11520-3041
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
22 Pearsall LLC
—
Deed
related
$986,704 · Kearny Bank
Dec 7, 2017
—
22 Pearsall LLC
—
Deed
related
$4,425,000 · Greystone Svcg
Jan 12, 2016
$3,245,000
22 Pearsall LLC
22 Pearsall Associates LLC
Grant Deed
$2,750,000 · Greystone Svcg
Jun 25, 2008
$1,550,000
22 Pearsall Associatesllc
Pearsall Avenue LLC
Grant Deed
$2,000,000 · Signature Bank
Apr 26, 2006
—
Pearsall Avenue LLC
Casis,carol
Grant Deed
related
—
—
—
22 Pearsall Associates LLC
—
Deed Of Trust
related
$450,000 · Signature Bank
—
—
22 Pearsall Associates LLC
—
Deed Of Trust
related
$367,656 · Signature Bank
—
—
22 Pearsall LLC
—
Deed Of Trust
related
$1,675,000 · Greystone Svcg
—
—
22 Pearsall LLC
—
Loan Modification, Consolidation And Extension
related
$4,425,000 · Greystone Svcg
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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