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Property profile & analytics
OFF-MARKET
Investment properties
56 Locust Ave Rye, NY 10580-2904
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2501311
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Total area
2,950 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
551400 146-7-2-2
UPID
US63-2501311
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
-
Nudge Capital, LLC Financial Advisor
-
Vertical Market Intelligence Advertising Agency Marketing & Advertising
-
Quietime Esthetics by Mercedes Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Locust Rye Townhouse Project LLC · 2 yrs held
Locust Rye Townhouse Project LLC
since 2024
7 recorded transactions
Zoning & alternative use
B1 · Rye, NY
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 Rye submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rye 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Assessed value
$27,600
Assessed 2023
Previous assessed
$27,600
+0.0% YoY
Assessed land
$15,000
Assessed improvement
$12,600
Land market value
$1,162,791
Improvement market value
$976,744
Total market value
$2,139,535
Applied tax rate
551,400.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
2,950 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
551400 146-7-2-2
UPID
US63-2501311
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B1 · Rye, NY
Zoning B1 · permitted uses
B1 · Rye, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rye. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Locust Rye Townhouse Project LLC
Entity
Mailing address
56 W LOCUST AVE, RYE, NY 10580-2904
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Locust Rye Townhouse Project LLC
—
Deed
related
$3,750,000 · Dr Bank
Jun 26, 2024
$3,100,000
Locust Rye Townhouse Project LLC
Nudge Capital LLC
Bargain And Sale Deed
$2,325,000 · Locust Rye Townhouse Project LLC
May 13, 2014
$1,425,000
Nudge Capital LLC
Emerald Cove Realty LLC
Bargain And Sale Deed
—
May 22, 2009
—
Wellfleet Realty Corp
—
Loan Modification
related
$2,200,000 · Putnam Cnty Svgs Bk
—
—
Wellfleet Realty Corp
—
Deed Of Trust
related
$600,000 · Putnam County Savings Bank
—
—
Emerald Cove Realty LLC
—
Deed Of Trust
related
$450,000 · Putnam County Savings Bank
—
—
Emerald Cove Realty LLC
—
Deed Of Trust
related
$330,445 · Putnam County Savings Bank
—
—
Emerald Cove Realty LLC
—
Deed Of Trust
related
$600,000 · Robert J Martin
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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