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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Residential income homes
51 Willow Ave, Hempstead, NY 11550-6812
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1440899
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
1,358 SF
Lot
0.13 ac (5,520 SF)
APN
36-047-00-0141
UPID
US63-1440899
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Jessy Vargas · 4 yrs held
Jessy Vargas
since 2021
Last sale
$530,500
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 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
$545,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $531k (Aug 11 2021)
Last sale anchor
$531k
Aug 11 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
$387 / 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
$8,188
Tax year 2023
Assessed value
$3,431
Assessed 2023
Previous assessed
$3,431
+0.0% YoY
Effective rate
238.65%
On assessed value
Assessed land
$1,447
Assessed improvement
$1,984
Total market value
$343,100
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
1,358 SF
Lot
0.13 ac (5,520 SF)
APN
36-047-00-0141
UPID
US63-1440899
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
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jessy Vargas
Individual
Mailing address
51 WILLOW AVE, HEMPSTEAD, NY 11550-6812
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
$530,500
Jessy Vargas
Diverse Capital Group INC
Bargain And Sale Deed
$520,890 · Nationwide Mortgage Bankers
Nov 25, 2019
$190,000
Diverse Cap Group INC
Federal Hm Loan Mtg Corp
Grant Deed
$246,705 · Loan Funder LLC Series 9442
Jun 15, 2017
$541,160
Federal Hm Loan Mtg Corp
Referee Of Nassau County|rios,ramon
Trustees Deed
related
—
Feb 24, 2009
$350,000
Ramon E Rios
USA Creative Properties Corp
Grant Deed
$315,000 · Bank Of America
Feb 13, 2009
$175,500
USA Creative Properties Corp
Household Finance Realty Corp/
Grant Deed
—
Jun 10, 2008
$311,624
Household Financial Realty Cor
Referee-nassau County
Trustees Deed
related
—
Mar 12, 2004
—
Ricardo Gomez
Gomez,ricardo
Quit Claim Deed
related
$297,500 · Ameriquest Mortgage Corp
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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