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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Commercial land
533 Greenwich St, Hempstead, NY 11550-6523
Entity Owned
4-yr Hold
Property ID
US63-1711200
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1956
Total area
6,762 SF
Lot
0.26 ac (11,326 SF)
APN
36-106-00-0770
UPID
US63-1711200
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
$1.15M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.20M
Owner & transaction history
El Balcon Properties Corp · 4 yrs held
El Balcon Properties Corp
since 2021
Last sale
$1.2M
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
$1,230,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.20M (Sep 20 2021)
Last sale anchor
$1.20M
Sep 20 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
$177 / 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
$11,876
Tax year 2023
Assessed value
$2,965
Assessed 2023
Previous assessed
$2,965
+0.0% YoY
Effective rate
400.54%
On assessed value
Assessed land
$2,965
Total market value
$296,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1956
Heating
NONE
Total area
6,762 SF
Lot
0.26 ac (11,326 SF)
APN
36-106-00-0770
UPID
US63-1711200
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
1956
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
El Balcon Properties Corp
Entity
Mailing address
41 MADISON AVE, HEMPSTEAD, NY 11550-4811
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
Mar 12, 2025
—
El Balcon Properties Corp
—
Deed
related
$500,000 · Flushing Bank
Mar 27, 2023
—
El Balcon Properties Corp
—
Deed
related
$600,000 · Bayport Funding LLC
Sep 20, 2021
$1,200,000
El Balcon Properties Corp
Greenwich Enterprises INC
Bargain And Sale Deed
$600,000 · Bayport Funding LLC
Sep 20, 2021
—
El Balcon Properties Corp
—
Deed
related
$1,300,000 · Bayport Funding LLC
Dec 9, 2008
$108,640
Greenwich Enterprises INC
Referee-nassau County
Trustees Deed
—
Aug 28, 1998
—
Rtl Trust & Republic Nat'l Bk
Nassau County Treasurer
Grant Deed
related
—
Jul 20, 1994
$23,344
Gb Enterprises
Treasurer Of Nas
Grant Deed
—
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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