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Property profile & analytics
FOR LEASE
Office buildings
400 Post Ave, Westbury, NY 11590
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0240950
For Lease
1 / 2
$33 SF/Yr
400 Post Ave, Westbury, NY 11590
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
11,479 SF
Lot
1.73 ac (75,359 SF)
APN
10-261-00-0010
UPID
US63-0240950
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
-
Smart Charge Big Box & Wholesale Store
-
Kevin P Finn Attorney Law Firm
-
Law Office of Harry C. Demiris, Jr., P.C. Law Firm
-
Lerner Law Firm & Associates Law Firm
-
Scott Gross Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.04M
Blend (final)
Blend
$11.72M
Owner & transaction history
400 Post Ave Realty LLC · 4 yrs held
400 Post Ave Realty LLC
since 2021
Last sale
$10.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.1M
+86.5%
Restaurant
$10.2M
+25.8%
Industrial (general)
$10.1M
+25.0%
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 Westbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbury 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
$13,060,000
ML approach
$10,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,100,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,105,000
Change: +87% · Conversion: Easy
RESTAURANT
$10,190,000
Change: +26% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,125,000
Change: +25% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,070,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,545,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$11.72M
Range $10.54M – $12.89M · ±10% · vs last sale $10.90M (Dec 16 2021)
Last sale anchor
$10.90M
Dec 16 2021
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
$1,021 / 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
$560,882
Tax year 2023
Assessed value
$82,803
Assessed 2023
Previous assessed
$109,410
-24.3% YoY
Effective rate
677.37%
On assessed value
Assessed land
$19,962
Assessed improvement
$62,841
Total market value
$8,280,300
Applied tax rate
703.0000
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
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
11,479 SF
Lot
1.73 ac (75,359 SF)
APN
10-261-00-0010
UPID
US63-0240950
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
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
RESTAURANT
Est. value
$10.2M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$7.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.73 ac
Current owner
From public records · entity-resolved
400 Post Ave Realty LLC
Entity
Mailing address
255 EXECUTIVE DR STE #408, PLAINVIEW, NY 11803-1707
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$10,900,000
400 Post Ave Realty LLC
West Post Management Co
Bargain And Sale Deed
$1,822,194 · Signature Bank
May 24, 2016
—
West Post Management Company
—
Deed
related
$1,521,761 · Suffolk County National Bank
—
—
West-post Management Co
—
Deed Of Trust
related
$1,521,761 · Suffolk Cnty Nat'l 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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