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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Turn key restaurants
274-278 Fulton Ave Hempstead, NY 11550
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2532898
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,022 SF
Lot
0.18 ac (7,888 SF)
APN
34-339-00-0148
UPID
US63-2532898
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
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Hempstead Realty Affiliates LLC · 2 yrs held
Hempstead Realty Affiliates LLC
since 2023
Last sale
$1.4M
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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hempstead 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
$1,730,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.40M (Jul 21 2023)
Last sale anchor
$1.40M
Jul 21 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
$210 / 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
$62,643
Tax year 2023
Assessed value
$13,916
Assessed 2023
Previous assessed
$13,916
+0.0% YoY
Effective rate
450.15%
On assessed value
Assessed land
$2,485
Assessed improvement
$11,431
Total market value
$1,391,600
Applied tax rate
399.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
7,022 SF
Lot
0.18 ac (7,888 SF)
APN
34-339-00-0148
UPID
US63-2532898
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Hempstead Realty Affiliates LLC
Entity
Mailing address
1800 NEW YORK AVE, HUNTINGTON STATION, NY 11746-2955
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
—
Hempstead Realty Affiliates LLC
Hempstead Group Holding Corp
Quit Claim Deed
related
—
Feb 19, 2014
$1,081,575
Asia Realty II Corp
Refrees Of Nassau County
Trustees Deed
related
—
Feb 19, 2014
$1,780,000
Maddd Carmans
Asia Realty II Corp
Grant Deed
related
—
Feb 23, 2000
$1,400,000
276 Fulton Corps
Tuzzolo,anthony & Joseph
Grant Deed
$521,381 · Individual
—
—
276 Fulton Corp
—
Deed Of Trust
related
$80,000 · Asia Bank NA
—
—
276 Fulton Corp
—
Deed Of Trust
related
$135,825 · Asia Bank NA
—
—
276 Fulton Corp
—
Deed Of Trust
related
$832,881 · Asia Bank NA
—
—
Hempstead Group Holding Corp
—
Deed Of Trust
related
$1,260,000 · Maddd LLC
—
—
276 Fulton Corp
—
Deed Of Trust
related
$920,000 · Asia Bank NA
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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