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Property profile & analytics
OFF-MARKET
Strip malls
40 Atlantic Ave Oceanside, NY 11572-2037
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1630291
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1956
Total area
40,038 SF
Lot
3.91 ac (170,320 SF)
APN
38-368-00-0011
UPID
US63-1630291
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
-
David Yu, OD Physician
-
Vision Decision Physician
-
Erin Yu, OD Physician
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
Great Lincoln LLC · 1 yrs held
Great Lincoln LLC
since 2024
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 Oceanside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceanside 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 2023Property tax & assessments
Tax year 2023
Tax billed
$636,344
Tax year 2023
Assessed value
$94,650
Assessed 2023
Previous assessed
$99,457
-4.8% YoY
Effective rate
672.31%
On assessed value
Assessed land
$43,763
Assessed improvement
$50,887
Total market value
$9,465,000
Applied tax rate
129.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
40,038 SF
Lot
3.91 ac (170,320 SF)
APN
38-368-00-0011
UPID
US63-1630291
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
1956
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
3.91 ac
Current owner
From public records · entity-resolved
Great Lincoln LLC
Entity
Mailing address
501 MADISON AVE RM #803, NEW YORK, NY 10022-5619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 5, 2024
—
Great Lincoln LLC
—
Deed
related
$999,999 · The Dime Savings Bank Williamsburgh
Feb 23, 2022
—
Great Lincoln LLC
—
Deed
related
$1,000,000 · Dime Community Bank
Jun 29, 2020
—
Great Lincoln LLC
—
Deed
related
$1,000,000 · Metropolitan Commercial Bank
—
—
Great Lincoln LLC
—
Deed Of Trust
related
$8,600,000 · Metropolitan National Bank
—
—
Great Lincoln LLC
—
Deed Of Trust
related
$4,400,000 · Metropolitan National Bank
—
—
Great Lincoln LLC
—
Deed Of Trust
related
$1,700,000 · Metropolitan National 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.
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