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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Investment properties
372 Atlantic Ave Freeport, NY 11520
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1676489
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1921
Construction
FRAME
Total area
4,434 SF
Lot
0.25 ac (10,813 SF)
APN
62-036-00-0029
UPID
US63-1676489
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
$620k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
370 Freeport LLC · 4 yrs held
370 Freeport LLC
since 2022
Last sale
$900,000
6 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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$835,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $900k (Jul 13 2022)
Last sale anchor
$900k
Jul 13 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
$202 / 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
$35,562
Tax year 2023
Assessed value
$8,955
Assessed 2023
Previous assessed
$8,955
+0.0% YoY
Effective rate
397.12%
On assessed value
Assessed land
$8,954
Assessed improvement
$1.00
Total market value
$895,500
Applied tax rate
7.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
4,434 SF
Lot
0.25 ac (10,813 SF)
APN
62-036-00-0029
UPID
US63-1676489
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
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
370 Freeport LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1111 HBR RD, HEWLETT, NY 11557-2622
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
Apr 28, 2025
—
370 Freeport LLC
—
Deed
related
$3,344,200 · Wells Fargo Bank NA
Jul 13, 2022
—
370 Freeport LLC
Lww2 Real Estate LLC
Quit Claim Deed
related
—
Mar 15, 2021
$900,000
Lww2 Real Estate LLC
360-370 Atlantic Avenue LLC
Bargain And Sale Deed
—
Aug 16, 2017
$1,100,000
360-370 Atlantic Avenue LLC
Freeport Dev Group LLC
Trustees Deed
$6,000,000 · Freeport Dev Group LLC
Apr 22, 2015
$600,000
Freeport Dev Group LLC
Bayview Equities LLC
Grant Deed
—
Oct 20, 1995
$113,000
L Sadetsky
Tafoya,s
Grant Deed
—
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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