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Property profile & analytics
FOR LEASE
Distribution centers
4232 Industrial Pl, Island Park, NY 11558
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-4063461
For Lease
1 / 2
$1,835,000
4232 Industrial Pl, Island Park, NY 11558
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,760 SF
Lot
0.25 ac (10,720 SF)
APN
43-054-00-0249
UPID
US63-4063461
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
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
Inventory Industrial Place LLC · 1 yrs held
Inventory Industrial Place LLC
since 2024
Last sale
$1.8M
7 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 Island Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Park 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
$1,835,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.83M (Jul 18 2024)
Last sale anchor
$1.83M
Jul 18 2024
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
$188 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$18,040
Tax year 2024
Assessed value
$7,411
Assessed 2024
Previous assessed
$7,411
+0.0% YoY
Effective rate
243.42%
On assessed value
Assessed land
$1,919
Assessed improvement
$5,492
Total market value
$741,100
Applied tax rate
320.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
9,760 SF
Lot
0.25 ac (10,720 SF)
APN
43-054-00-0249
UPID
US63-4063461
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Inventory Industrial Place LLC
Entity
Mailing address
10 ROBERTS LN, CEDARHURST, NY 11516-1121
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$1,833,000
Inventory Industrial Place LLC
42 32 Industrial Place LLC
Bargain And Sale Deed
$1,410,000 · 42-43 Industrial Place LLC
Jun 2, 2020
—
42-32 Indl Place LLC
—
Deed
related
$850,000 · Bank Of America
Oct 29, 2018
—
Jefro LLC
Crosstown Radiator INC
Grant Deed
related
—
Nov 20, 2008
$695,000
Industrial Recycling Propertie
Wolkow,michael
Trustees Deed
related
—
May 30, 2006
$215,000
Crosstown Radiator INC
Sheldon Seidman
Deed
—
Aug 2, 2004
$450,000
Industrial Recycling Props INC
Seidman,sheldon
Grant Deed
—
—
—
42-32 Industrial Place LLC
—
Deed Of Trust
related
$84,900 · Bethpage FCU
—
—
42-32 Industrial Place LLC
—
Deed Of Trust
related
$585,000 · Bethpage FCU
—
—
42-32 Industrial Place LLC
—
Deed Of Trust
related
$500,000 · Bethpage FCU
—
—
42-32 Indl Place LLC
—
Deed Of Trust
related
$850,000 · Bank Of America
—
—
Sheldon Seidman
—
Deed Of Trust
related
$325,000 · Industrial Recycling Props INC
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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