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Property profile & analytics
FOR LEASE
Office buildings
333 E Shore Rd Manhasset, NY 11021
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1341734
For Lease
1 / 2
Contact for pricing
333 E Shore Rd, Manhasset, NY 11021
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Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,790 SF
Lot
1.48 ac (64,469 SF)
APN
02-375-00-0025-A
UPID
US63-1341734
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
-
Hugger Lynn Physician Medical Clinic
-
Phelan Danielle PsyD Physician
-
Dr. Bruce Zagelbaum Ophthalmologist
-
Katherine Maffetone, Au.D, CCC_A, F-AAA Physician
-
Meagan Allegrini, Au.D., CCC-A Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.15M
Blend (final)
Blend
$6.14M
Owner & transaction history
333 East Shore LLC · 3 yrs held
333 East Shore LLC
since 2022
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+25.8%
Neighborhood: shopping center
$7.7M
+24.3%
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 Manhasset submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manhasset 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
$5,910,000
ML approach
$6,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,200,000
Current use
RESTAURANT
$7,805,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,710,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,775,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,690,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,300,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$5,010,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$6.14M
Range $5.52M – $6.75M · ±10% · vs last sale $6.10M (Dec 20 2022)
Last sale anchor
$6.10M
Dec 20 2022
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
$698 / 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
$154,886
Tax year 2023
Assessed value
$37,095
Assessed 2023
Previous assessed
$28,181
+31.6% YoY
Effective rate
417.54%
On assessed value
Assessed land
$19,182
Assessed improvement
$17,913
Total market value
$3,709,500
Applied tax rate
818.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,790 SF
Lot
1.48 ac (64,469 SF)
APN
02-375-00-0025-A
UPID
US63-1341734
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.2M
RESTAURANT
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
333 East Shore LLC
Entity
Mailing address
337 E SHR RD, GREAT NECK, NY 11023-1707
Ownership since
2022
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
Dec 20, 2022
$6,100,000
333 East Shore LLC
333 East Shore Road Realty LLC
Bargain And Sale Deed
$3,375,000 · Suffolk FCU
Dec 20, 2022
$2,900,000
333 East Shore Road Realty LLC
Dario J Ramazzotti
Bargain And Sale Deed
—
Sep 14, 2017
—
333 East Shore Road Realty LLC
—
Loan Modification, Consolidation And Extension
related
$1,725,000 · Signature Bk
Jun 30, 2017
—
333 East Shore Road Realty LLC
—
Deed
related
$1,725,000 · Signature Bank
Mar 10, 2014
—
Ramazzotti Properties LLC
Ramazzotti,dario J
Quit Claim Deed
related
—
—
—
333 East Shore Road Realty LLC
—
Deed Of Trust
related
$1,725,000 · 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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