New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,530,000
High-rise multifamily apartments
28 Gilchrest Rd, Great Neck, NY 11021-1448
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-0259277
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,185 SF
Lot
0.74 ac (32,017 SF)
APN
02-190-00-0200
UPID
US63-0259277
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
-
Great Neck Neighborhood Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.53M
Owner & transaction history
Chelsea Gilchrest Realty LLC · 19 yrs held
Chelsea Gilchrest Realty LLC
since 2007
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 Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck 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
$562 / 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
$246,686
Tax year 2023
Assessed value
$61,138
Assessed 2023
Previous assessed
$61,127
+0.0% YoY
Effective rate
403.49%
On assessed value
Assessed land
$7,667
Assessed improvement
$53,471
Total market value
$6,113,800
Applied tax rate
817.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
39
Total area
15,185 SF
Lot
0.74 ac (32,017 SF)
APN
02-190-00-0200
UPID
US63-0259277
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
39
Lot
0.74 ac
Current owner
From public records · entity-resolved
Chelsea Gilchrest Realty LLC
Entity
Mailing address
347 5TH AVE RM #1600, NEW YORK, NY 10016-5049
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
—
Chelsea Gilchrist Realty LLC
—
Deed
related
$2,514,812 · Jpmorgan Chase Bank NA
Jan 12, 2007
$1
Chelsea Gilchrest Realty LLC
Nhe Realty Co LLC
Grant Deed
related
—
Jan 5, 2005
—
Nhe Realty Co LLC
Nhe Realty
Quit Claim Deed
related
—
—
—
Chelsea Gilchrest Realty LLC
—
Deed Of Trust
related
$1,787,947 · Capitol One Nat'l Assn
—
—
Chelsea Gilchrest Realty Nllc
—
Deed Of Trust
related
$6,700,000 · North Fork Bank
—
—
Chelsea Gilchrest Realty LLC
—
Deed Of Trust
related
$9,000,000 · Capitol One Nat'l Assn
—
—
Chelsea Gilchrest Realty LLC
—
Deed Of Trust
related
$1,336,432 · Capital One NA
—
—
Chelsea Gilchrest Realty LLC
—
Deed Of Trust
related
$2,473,187 · North Fork 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 28 Gilchrest Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
