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Property profile & analytics
OFF-MARKET
Estimated value
$9,775,000
High-rise multifamily apartments
49 Central Ave, Valley Stream, NY 11580-3860
Entity Owned
~
Est. High Equity
Property ID
US63-6068731
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Total area
9,948 SF
Lot
0.45 ac (19,646 SF)
APN
37-00S-00-0025
UPID
US63-6068731
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
-
The Promenade at Central Apartment Building
-
Braxton Global Inc Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.78M
Owner & transaction history
Gb Family Office Holdings LLC
Gb Family Office Holdings 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 Valley Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Stream 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
$983 / 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
Assessed value
$70,031
Assessed 2023
Previous assessed
$70,031
+0.0% YoY
Assessed land
$3,930
Assessed improvement
$66,101
Total market value
$7,003,100
Applied tax rate
450.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Heating
NONE
Total area
9,948 SF
Lot
0.45 ac (19,646 SF)
APN
37-00S-00-0025
UPID
US63-6068731
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
2018
Heating
NONE
Lot
0.45 ac
Current owner
From public records · entity-resolved
Gb Family Office Holdings LLC
Entity
Mailing address
49 N CENTRAL AVE, VALLEY STREAM, NY 11580-3860
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Gb Family Office Holdings LLC
The Promenade At Central LLC
Deed
—
Mar 12, 2021
—
The Promenade At Central LLC
—
Deed
related
$1,315,795 · Arbor Commercial Funding LLC
Jan 10, 2020
—
Promenade At Ctrl LLC
—
Deed
related
$17,000,000 · Jovia Fin'l FCU
Dec 31, 2019
—
Promenade At Ctrl LLC
—
Deed Of Trust
related
$5,000,000 · Town/hempstead Indl Dev Agcy
Aug 2, 2017
—
Promenade At Central LLC
—
Deed
related
$200,000 · Nassau Educators FCU
May 10, 2016
—
The Promenade At Central LLC
—
Deed
related
$1,000,000 · Nassau Educators FCU
Oct 3, 2014
$575,000
Promenade At Central LLC
Cheech Estate INC
Grant Deed
—
Jul 26, 2010
$125,000
Cheech Estates INC
Gillen Living Trust
Quit Claim Deed
—
Jul 2, 2009
$60,001
Gillen Living Trust
Treasurer Of Nassau County
Grant Deed
—
Oct 8, 2004
—
Rowena Grimm
Pflug,evelyn L
Grant Deed
related
—
—
—
Promenade At Ctrl LLC
—
Loan Modification, Consolidation And Extension
related
$12,000,000 · Jovia Fin'l FCU
—
—
Promenade At Ctrl LLC
—
Loan Modification, Consolidation And Extension
related
$17,000,000 · Jovia Fin'l FCU
—
—
Promenade At Central LLC
—
Loan Modification, Consolidation And Extension
related
$200,000 · Nassau Educators FCU
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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