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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Office buildings
50 Clinton St, Hempstead, NY 11550-4281
Entity Owned
~
Est. High Equity
Property ID
US63-0273262
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE
Total area
5,065 SF
Lot
2.53 ac (110,076 SF)
APN
34-350-00-0115
UPID
US63-0273262
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
-
Supervised Visitation Program Social Service Agency Charitable Organization
-
Family Care Certified Services Inc Employment Agency
-
Henrich Group,LLC Construction Company General Contractor
-
Labor Department Government Office Employment Agency
-
Dr. Paul E. Vosswinkel, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.27M
Owner & transaction history
65 Sweet 18 LLC
65 Sweet 18 LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.1M
+35.3%
Auto repair, garage
$3.0M
+31.1%
Warehouse, storage
$2.6M
+12.8%
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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hempstead 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,260,000
Current use
INDUSTRIAL (GENERAL)
$3,055,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,960,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,550,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,210,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10%
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
$448 / 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
$151,330
Assessed 2023
Previous assessed
$151,330
+0.0% YoY
Assessed land
$26,971
Assessed improvement
$124,359
Total market value
$15,133,000
Applied tax rate
399.0000
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
1975
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
7
Total area
5,065 SF
Lot
2.53 ac (110,076 SF)
APN
34-350-00-0115
UPID
US63-0273262
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
7
Lot
2.53 ac
Current owner
From public records · entity-resolved
65 Sweet 18 LLC
Entity
Mailing address
202 FOSTER AVE, BROOKLYN, NY 11230-2119
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
65 Sweet 18 LLC
Alphamore LLC
Bargain & Sale Deed
—
Jul 27, 2020
—
Alphamore LLC
—
Deed
related
$5,332,371 · Bethpage FCU
Jan 31, 2018
$11,750,000
Alphamore LLC
2701 Associates LLC
Grant Deed
$100,000 · Vmc Lender LLC
May 8, 2017
—
2701 Associates LLC
—
Deed
related
$5,200,000 · Clifton Svgs Bk
—
—
50 Clinton Street Assoc LP
—
Deed Of Trust
related
$1,699,236 · Fremont Investment & Loan
—
—
15th Street Holding LLC
—
Deed Of Trust
related
$549,623 · City & Suburban Fsb
—
—
2701 Associates LLC
—
Deed Of Trust
related
$2,000,000 · Garden City Partners INC
—
—
2701 Associates LLC
—
Deed Of Trust
related
$317,000 · Westchester Bank
—
—
50 Clinton Street Assoc LP
—
Deed Of Trust
related
$200,000 · Fremont Investment & Loan
—
—
2701 Associates LLC
—
Deed Of Trust
related
$5,200,000 · Clifton Svgs Bk
—
—
Alphamore LLC
—
Loan Modification, Consolidation And Extension
related
$16,485,000 · Bethpage FCU
—
—
2701 Associates LLC
—
Deed Of Trust
related
$600,000 · Garden City Partners INC
—
—
2701 Associates LLC
—
Deed Of Trust
related
$2,725,000 · Independence Community Bank
—
—
2701 Associates LLC
—
Deed Of Trust
related
$7,029,641 · Garden City Partners 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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