Property profile

289-291 Burnside Ave Lawrence, NY 11559

OFF-MARKET
Commercial real estate
Property ID
US63-2829270
2,698 SF 0.14 ac lot Built 1955
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Construction FRAME
Total area 2,698 SF
Lot 0.14 ac (6,000 SF)
APN 40-020-00-0012
UPID US63-2829270

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

289-291 Burnside Ave Lawrence, NY 11559
Lawrence metro Census 411000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.76M

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $2.4M +35.5%
Office building $1.9M +9.0%
Auto repair, garage $1.8M +1.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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