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Property profile & analytics
FOR SALE
Retail space
224-01 Merrick Blvd Laurelton, NY 11413
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-6287404
For Sale
1 / 4
$2,975,000
224-01 Merrick Blvd, Laurelton, NY 11413
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1932
Total area
7,100 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R5D
APN
12963-0308
UPID
US63-6287404
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
224-01 Merrick LLC · 14 yrs held
224-01 Merrick LLC
since 2012
7 recorded transactions
Zoning & alternative use
R5D · Laurelton, NY
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 Laurelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurelton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,110,000
6.5%
$1,950,000
7%
$1,810,000
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10%
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
$203 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$54,623
Tax year 2024
Assessed value
$515,700
Assessed 2024
Previous assessed
$517,050
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$117,000
Assessed improvement
$398,700
Land market value
$260,000
Improvement market value
$886,000
Total market value
$1,146,000
Applied tax rate
4.0000
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
For Sale
Year built
1932
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
7,100 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R5D
APN
12963-0308
UPID
US63-6287404
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Laurelton, NY
Zoning R5D · permitted uses
R5D · Laurelton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurelton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1932
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
224-01 Merrick LLC
Entity
Mailing address
10210 METROPOLITAN AVE #200, FOREST HILLS, NY 11375-6732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
—
224-04 Merrick LLC
—
Deed
related
$1,401,387 · Signature Bk
Jan 30, 2015
—
224-01 Merrick LLC
—
Loan Modification
related
$11,000,000 · * Other Institutional Lenders
Jun 18, 2014
—
349 Nostrand LLC
—
Loan Modification
related
$10,900,000 · Prime Pt Fndg LLC
Mar 21, 2013
—
102 Metro LLC
—
Grant Deed
related
$8,900,000 · Prime Point Fndg LLC
Feb 7, 2013
—
102 Metro LLC
—
Grant Deed
related
$6,900,000 · Prime Asset Funding LLC
Dec 18, 2012
—
102 Metro LLC
—
Grant Deed
related
$5,800,000 · Prime Asset Funding LLC
Mar 1, 2012
$850,000
224-01 Merrick LLC
Kimstrauss Unitary Bus Trust
Grant Deed
$600,000 · Prime Asset Funding LLC
Jan 3, 2006
$1,487,000
Kimstrauss Unitary Business
Sbcg Strauss LLC
Grant Deed
—
—
—
224-01 Merrick LLC
—
Loan Modification
related
$4,400,000 · Other Institutional Lenders
—
—
102 Metro LLC
—
Deed Of Trust
related
$4,300,000 · Prime Asset Funding LLC
—
—
224-01 Merrick LLC
—
Loan Modification
related
$1,400,000 · Other Institutional Lenders
—
—
102 Metro LLC
—
Loan Modification
related
$15,500,000 · Prime Pt Fndg LLC
—
—
102 Metro LLC
—
Loan Modification
related
$8,400,000 · Prime Pt Fndg LLC
—
—
102 Metro LLC
—
Loan Modification
related
$9,400,000 · Prime Point Fndg LLC
—
—
102 Metro LLC
—
Loan Modification
related
$8,500,000 · Prime Pt Fndg LLC
—
—
102 Metro LLC
—
Deed Of Trust
related
$4,000,000 · Prime Asset Funding LLC
—
—
102 Metro LLC
—
Loan Modification
related
$7,500,000 · Prime Pt Fndg LLC
—
—
224-04 Merrick LLC
—
Loan Modification
related
$1,401,387 · Signature Bk
—
—
102 Metro LLC
—
Loan Modification
related
$8,200,000 · Prime Pt Fndg LLC
—
—
102 Metro LLC
—
Loan Modification
related
$9,700,000 · Prime Point Fndg LLC
—
—
224-01 Merrick LLC
—
Loan Modification, Consolidation And Extension
related
$1,600,000 · Signature Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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