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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Hotels
45 7th St, Garden City, NY 11530-2807
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-1727991
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Construction
CONCRETE
Total area
18,734 SF
Lot
8.51 ac (370,739 SF)
APN
34-065-00-0004
UPID
US63-1727991
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
-
Garden City War Memorial Cemetery Memorial Park
-
Red Hots Spa at the Garden City Hotel Alternative Medicine Practice Spa & Massage Center
-
cedahurst Cafe & Coffee Shop
-
The Patio Bar by David Burke Bar & Pub
-
King Bar by David Burke Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Fortuna De L1 LLC
Fortuna De L1 LLC
since 2025
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 Garden City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden City 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
$65 / 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
$1,244,605
Tax year 2023
Assessed value
$485,187
Assessed 2023
Previous assessed
$485,187
+0.0% YoY
Effective rate
256.52%
On assessed value
Assessed land
$148,296
Assessed improvement
$336,891
Total market value
$48,518,700
Applied tax rate
401.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
9
Units
272
Total area
18,734 SF
Lot
8.51 ac (370,739 SF)
APN
34-065-00-0004
UPID
US63-1727991
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
1983
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
9
Units
272
Lot
8.51 ac
Current owner
From public records · entity-resolved
Fortuna De L1 LLC
Entity
Mailing address
140 E 45TH ST, NEW YORK, NY 10017-3144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
Fortuna De L1 LLC
Fortuna L1 LLC
Deed
$2,971,687 · City Real Estate Funding INC
Sep 30, 2019
—
Mm Hotel Mgmt LLC
—
Deed
related
$59,500,000 · Morgan Stanley Pvt Bk NA
Oct 9, 2012
$19,912
Fortuna Li LLC
Cento Properties Holdings LLC
Grant Deed
related
$3,770,700 · Goldman Sachs Bank USA
Oct 9, 2012
—
Fortuna Li LLC
—
Deed Of Trust
related
$5,000,000 · Goldman Sachs Bank USA
—
—
Fortuna Li LLC
—
Loan Modification, Consolidation And Extension
related
$59,500,000 · Morgan Stanley Pvt Bk NA
—
—
Mm Hotel Mgmt LLC
—
Deed Of Trust
related
$59,500,000 · Morgan Stanley Pvt Bk NA
—
—
Fortuna LLC
—
Deed Of Trust
related
$25,000,000 · Goldman Sachs Bk USA
—
—
Cento Properties Co
—
Deed Of Trust
related
$5,894,972 · North Fork 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.
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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