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

    53-59 Main St Oyster Bay, NY 11771

    • Investment properties
    • 2,694 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Oct 21, 2024
    $1,900,000
    Value Estimations
    $1,900,000
    Show details
    Cap Rate Potential
    2%
    Investment properties
    Location Intelligence
    Property ID
    US63-2743993
    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

    • Investment properties

    Property Details for 53-59 Main St

    Year built
    1952
    Lot size
    0.10 lot acres
    Property size
    2,694 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    27-020-00-0318
    APU
    27020000318

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,900,000
      ML approach
      $1,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,690,000
      Market price range: $814k - $2.88M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,745,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,365,000
      Change: +36% Conversion: Difficult
      OFFICE BUILDING
      $1,900,000
      Change: +9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,770,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $1,535,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oyster Bay
    County
    Nassau
    State
    New York
    Longitude
    -73.5329
    Latitude
    40.8721
    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
    $41,526
    $1,227
    $6,007
    $7,234
    -
    $0.00
    $0.00
    $723,400

    Comparable in this City

    • Value Estimation by Request
      452 SF

      51 Ss St

      OFFICE/RESIDENTIAL (MIXED USE) • 452 SF
      51 Ss St, Oyster Bay, NY 11771-1510
      View Details
    • Value Estimation
      $865,000
      1,175 SF

      75 Ss St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,175 SF
      75 Ss St, Oyster Bay, NY 11771-1563
      View Details
    • Value Estimation
      $850,000
      1,098 SF

      103-105 Pne Holw Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,098 SF
      103-105 Pne Holw Rd, Oyster Bay, NY 11771
      View Details
    • Value Estimation
      $605,000
      1,084 SF

      53 Audrey Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,084 SF
      53 Audrey Ave, Oyster Bay, NY 11771-1503
      View Details
    • Value Estimation by Request
      972 SF

      72 Hamilton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 972 SF
      72 Hamilton Ave, Oyster Bay, NY 11771-1587
      View Details
    • Value Estimation
      $1,670,000
      3,456 SF

      21 Main St, Unit 25

      OFFICE/RESIDENTIAL (MIXED USE) • 3,456 SF
      21 Main St, Oyster Bay, NY 11771-2428
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2,230 SF

      Oyster Bay Mixed-Use Property

      Renovated mixed-use property with restaurant and apartment in Oyster Bay.
      22 Pine Hollow Rd, Oyster Bay, NY 11771
      View Details
    • $3,500,000
      3.10 Acres

      Centre Island Waterfront Land

      3+ acre Centre Island land with private sandy beachfront.
      501 Ctr Is 2 Rd, Centre Island, NY 11771
      View Details
    • $919,000
      Pending

      Oyster Bay Colonial Duplex

      Two-family colonial in Oyster Bay, oversized lot, convenient location.
      75 Anstice St, Oyster Bay, NY 11771
      View Details
    • $6,750,000
      17.30 Acres

      Waterfront Land on Centre Island

      Rare 17+ acre waterfront parcel with development potential.
      144 Centre Island Rd, Centre Island, NY 11771
      View Details
    • $420,000

      Stylish Corner Unit in Oyster Bay

      Bright corner unit with modern updates in a vibrant location.
      200 Lexington Ave, Oyster Bay, NY 11771
      View Details
    • $3,500,000
      3.03 Acres

      Centre Island Waterfront Land Parcel

      3-acre Centre Island property with 200 feet of beachfront.
      501 Ctr Is 1 Rd, Centre Island, NY 11771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,700 SF

      Oyster Bay Medical Office Space

      Prime Medical Office, 10,000-12,700 SF Available
      221 South St, Oyster Bay, NY 11771
      View Details
    • $33 SF/Yr
      18,440 SF

      Unique Oyster Bay Commercial Building

      Versatile 18,440 SF building suitable for various uses.
      85 Pine Hollow Rd, Oyster Bay, NY 11771
      View Details
    • $750 /Mo

      Retail Space for Rent

      Retail space available for lease in Oyster Bay, NY.
      3-5 Audrey Ave, Oyster Bay, NY 11771
      View Details
    • $2,800 /Mo
      1,000 SF

      Updated Apartment in Oyster Bay

      Bright, spacious 2-bedroom apartment near Oyster Bay's shops and dining.
      52 Summers St, Oyster Bay, NY 11771
      View Details
    • Contact for pricing
      14,250 SF

      Pine Hollow Retail Center - Oyster Bay

      Prime Retail Space, Nassau County, NY
      249-273 Pine Hollow Rd, Oyster Bay, NY 11771
      View Details
    • $2,900 /Mo

      Downtown Oyster Bay Apartment

      Bright one-bedroom apartment in the heart of Oyster Bay.
      62 South St, Oyster Bay, NY 11771
      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.
    53-59 Main St
    Oyster Bay, NY 11771
    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.