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Property profile & analytics
OFF-MARKET
Estimated value
$7,610,000
Office buildings
499 Chestnut St Cedarhurst, NY 11516-2242
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-3895281
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1931
Total area
3,364 SF
Lot
0.19 ac (8,400 SF)
APN
39-263-00-0314
UPID
US63-3895281
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
-
Goldburd McCone LLP Law Firm
-
EJB Global LLC Business Management Consultant Business To Business Service
-
County Agency Employment Agency
-
Pure Travel Concierge Travel Agency
-
Dr. Thomas Reichmann Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.61M
Owner & transaction history
499 Chestnut LLC · 12 yrs held
499 Chestnut LLC
since 2014
Last sale
$6.4M
5 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 Cedarhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedarhurst 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
$7,610,000
ML approach
$7,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.61M
Range $6.85M – $8.37M · ±10% · vs last sale $6.35M (Jan 8 2021)
Last sale anchor
$6.35M
Jan 8 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
$2,262 / 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
$54,466
Tax year 2023
Assessed value
$22,168
Assessed 2023
Previous assessed
$22,168
+0.0% YoY
Effective rate
245.70%
On assessed value
Assessed land
$2,688
Assessed improvement
$19,480
Total market value
$2,216,800
Applied tax rate
204.0000
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
Off-Market
Year built
1931
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
3,364 SF
Lot
0.19 ac (8,400 SF)
APN
39-263-00-0314
UPID
US63-3895281
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
1931
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
499 Chestnut LLC
Entity
Free & Clear · 12 yrs held
Mailing address
12510 QUEENS BLVD, KEW GARDENS, NY 11415-1519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Pd Chestnut LLC
—
Deed
related
$741,460 · Cross River Bank
Jan 24, 2014
$850,000
499 Chestnut LLC
Pfr LLC
Grant Deed
—
Jun 22, 2004
—
Pfr LLC
Viola,elsa
Grant Deed
related
—
—
—
499 Chestnut LLC
—
Deed Of Trust
related
$2,150,000 · Suffolk Cnty Nat'l Bk
—
—
Pfr LLC
—
Deed Of Trust
related
$40,000 · Commerce Bank NA
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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