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Property profile & analytics
FOR LEASE
Office buildings
35 Pinelawn Rd, Melville, NY 11747
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-0067752
For Lease
1 / 2
$30 SF/Yr
35 Pinelawn Rd, Melville, NY 11747
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
6.04 ac (263,102 SF)
Zoning code
C2
APN
0400-255.00-01.00-011.003
UPID
US63-0067752
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
-
Prestige Equipment Corporation Factory Industrial Manufacturer
-
Charles Wallshein Esq Law Firm
-
Hoenigmann Cohen & Co Accounting Firm Tax Preparation
-
James Dolan at CrossCountry Mortgage Loan Service Bank
-
Herold & Lantern Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fairfield 35 Pinelawn LLC · 9 yrs held
Fairfield 35 Pinelawn LLC
since 2017
7 recorded transactions
Zoning & alternative use
C2 · Melville, 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 Melville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melville 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
—
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 2020Property tax & assessments
Tax year 2020
Assessed value
$112,000
Assessed 2023
Previous assessed
$112,000
+0.0% YoY
Assessed land
$28,500
Assessed improvement
$83,500
Land market value
$51,818
Improvement market value
$151,818
Total market value
$203,636
Applied tax rate
472,605.0000
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
OFFICE BUILDING
Status
For Lease
Heating
NONE
Lot
6.04 ac (263,102 SF)
Zoning code
C2
APN
0400-255.00-01.00-011.003
UPID
US63-0067752
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
C2 · Melville, NY
Zoning C2 · permitted uses
C2 · Melville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
6.04 ac
Current owner
From public records · entity-resolved
Fairfield 35 Pinelawn LLC
Entity
Free & Clear · 9 yrs held
Mailing address
538 BROADHOLLOW RD, MELVILLE, NY 11747-3676
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
Pe 1730 Walt Whitman LLC
—
Deed
related
$2,100,000 · Webster Bank
Jan 17, 2018
—
Fairfield 35 Pinelawn LLC
—
Deed
related
$10,760,000 · Investors Bk
Jan 30, 2017
$15,375,000
Fairfield 35 Pinelawn LLC
Ra 35 Pinelawn Road LLC
Grant Deed
—
Jan 30, 2017
—
Fairfield 35 Pinelawn LLC
—
Deed
related
$10,850 · Citibank
Oct 7, 2005
—
Ra 35 Pinelawn Road LLC
Reckson Operating Ptshp
Grant Deed
related
—
May 26, 2005
—
Reckson Operating Partnership
Owner,record
Warranty Deed
related
—
—
—
Ra 35 Pinelawn Road LLC
—
Deed Of Trust
related
$141,668,000 · Ubs Real Estate Investment INC
—
—
Fairfield 35 Pinelawn LLC
—
Loan Modification
related
$10,850 · Citibank
—
—
Fairfield 35 Pinelawn LLC
—
Deed Of Trust
related
$1,750,000 · Investors Bk
—
—
Fairfield 35 Pinelawn LLC
—
Loan Modification
related
$10,760,000 · Investors 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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