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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Retail space
22701 Merrick Blvd Laurelton, NY 11413-2104
Individually Owned
7-yr Hold
Free & Clear
Property ID
US63-1492910
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
18,400 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R3-2
APN
12966-0020
UPID
US63-1492910
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
-
King's Brother Farm Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Matilda Kiss · 7 yrs held
Matilda Kiss
since 2019
6 recorded transactions
Zoning & alternative use
R3-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$151 / 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
$77,178
Tax year 2024
Assessed value
$789,750
Assessed 2024
Previous assessed
$720,270
+9.6% YoY
Effective rate
9.77%
On assessed value
Assessed land
$122,400
Assessed improvement
$667,350
Land market value
$272,000
Improvement market value
$1,483,000
Total market value
$1,755,000
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
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
6
Total area
18,400 SF
Lot
0.25 ac (11,000 SF)
Zoning code
R3-2
APN
12966-0020
UPID
US63-1492910
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Laurelton, NY
Zoning R3-2 · permitted uses
R3-2 · 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
1931
Heating
NONE
Stories
1
Buildings
1
Units
6
Lot
0.25 ac
Current owner
From public records · entity-resolved
Matilda Kiss
Individual
Free & Clear · 7 yrs held
Mailing address
139 COUNTRY VLG LN, NEW HYDE PARK, NY 11040-1009
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2019
—
Matilda Kiss
Kiss,matilda
Quit Claim Deed
related
—
Jan 3, 2019
$9,650,000
Matilda Kiss
Bella A Ents LLC
Grant Deed
—
Nov 12, 2014
—
Bella A Ents LLC
—
Loan Modification, Consolidation And Extension
related
$2,600,000 · People's United Bk
Aug 13, 2008
$3,800,000
Bella A Ents LLC
227 Merrick Realty LLC
Grant Deed
—
Jan 26, 2005
$3,800,000
227 Merrick Realty LLC
Parkmore,l P
Grant Deed
$2,900,000 · Morgan Stanley Mortgage Capita
—
—
Bella A Ents LLC
—
Deed Of Trust
related
$163,591 · People's United 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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