Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    46 Schenck Ave Great Neck, NY 11021-3642

    • Apartment buildings
    • 14,578 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimations
    $4,975,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2528175
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 46 Schenck Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    14,578 SF
    Property type
    Apartment buildings
    APN
    02-253-00-0025
    APU
    2253000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7221
    Latitude
    40.7861
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $124,911
    $3,927
    $27,511
    $31,438
    -
    $0.00
    $0.00
    $3,143,800

    Comparable in this City

    • Value Estimation
      $6,265,000
      4,845 SF

      160 Middle Nck Rd

      APARTMENT HOUSE (5+ UNITS) • 4,845 SF
      160 Middle Nck Rd, Great Neck, NY 11021-4641
      View Details
    • Value Estimation
      $6,395,000
      14,000 SF

      150 Middle Nck Rd

      APARTMENT HOUSE (5+ UNITS) • 14,000 SF
      150 Middle Nck Rd, Great Neck, NY 11021-3739
      View Details
    • Value Estimation
      $11,860,000
      12,108 SF

      9 Schenck Ave, Unit 17

      APARTMENT HOUSE (5+ UNITS) • 12,108 SF
      9 Schenck Ave, Great Neck, NY 11021-3634
      View Details
    • Value Estimation
      $5,215,000
      15,773 SF

      13 Welwyn Rd

      APARTMENT HOUSE (5+ UNITS) • 15,773 SF
      13 Welwyn Rd, Great Neck, NY 11021-3507
      View Details
    • Value Estimation
      $6,210,000
      6,489 SF

      1 Ash Pl

      APARTMENT HOUSE (5+ UNITS) • 6,489 SF
      1 Ash Pl, Great Neck, NY 11021-3203
      View Details
    • Value Estimation
      $1,360,000
      2,774 SF

      7 Ash Pl

      APARTMENT HOUSE (5+ UNITS) • 2,774 SF
      7 Ash Pl, Great Neck, NY 11021-3204
      View Details

    Similar Nearby for Sale

    • $320,000

      Great Neck Cooperative Unit

      Charming unit near shops, restaurants, and LIRR.
      90 Schenck Ave, Great Neck, NY 11021
      View Details
    • $1,199,000

      Great Neck Apartment Building

      Apartment building for sale in Great Neck, NY.
      1 Kensington Gate Ph7, Great Neck, NY 11021
      View Details
    • $398,000

      Sunlit Coop with Flexible Layout

      Two-bedroom, two-bath coop with opportunity for personalization.
      20 Hillpark 1G, Great Neck, NY 11021
      View Details
    • $809,000

      Great Neck Apartment Building

      Apartment building for sale in Great Neck, New York.
      20 Chapel Pl, Great Neck, NY 11021
      View Details
    • $285,000

      Move-In Ready Garden Apartment

      First-floor apartment in Great Neck, near amenities and transportation.
      221 Middle Neck Rd, Great Neck, NY 11021
      View Details
    • $425,000

      Top Floor Co-op Apartment

      Sun-drenched one-bedroom co-op with updated bathroom and amenities.
      21 Chapel Pl, Great Neck, NY 11021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Duplex Condo in Great Neck

      Elegant duplex condo near town, LIRR, shops, and restaurants.
      100 Cuttermill Rd, Great Neck, NY 11021
      View Details
    • $26 SF/Yr
      23,118 SF

      Great Neck Plaza Office Space

      Modern Suites, Prime Location, Ample Parking
      29 Barstow Rd, Great Neck, NY 11021
      View Details
    • $22 SF/Yr
      31,000 SF

      Great Neck Office Building Investment

      Prime Great Neck Office Space Available
      45 Station Plz, Great Neck, NY 11021
      View Details
    • $42 SF/Yr

      Retail Storefront on Northern Blvd

      Prime retail space with high visibility and convenient transportation access.
      7 Northern Blvd, Great Neck, NY 11021
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in Great Neck

      Retail space available in affluent Great Neck community.
      60 Great Neck Rd, Great Neck, NY 11021
      View Details
    • $3,500 /Mo

      Great Neck Office Space

      Office space available for rent in Great Neck, NY.
      29 Barstow Rd, Great Neck, NY 11021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Schenck Ave
    Great Neck, NY 11021-3642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.