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Property profile & analytics
FOR LEASE
Office buildings
585 Stewart Ave, Garden City, NY 11530
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-0108135
For Lease
$1,215,000
585 Stewart Ave, Garden City, NY 11530
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
10,772 SF
Lot
3.61 ac (157,382 SF)
APN
44-076-00-0019
UPID
US63-0108135
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
-
Long Island Credit Repair - Y2K Credit Solutions Financial Advisor
-
Baena Law Group Law Firm
-
Kardisch Law Group PC Law Firm
-
Braverman Law Office Law Firm
-
The Law Offices of Karl Brodzansky & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
585 Stewart Ave LLC · 6 yrs held
585 Stewart Ave LLC
since 2019
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 Garden City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden City 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
$113 / 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
$1,282,252
Tax year 2023
Assessed value
$232,594
Assessed 2023
Previous assessed
$232,594
+0.0% YoY
Effective rate
551.28%
On assessed value
Assessed land
$43,786
Assessed improvement
$188,808
Total market value
$23,259,400
Applied tax rate
48.0000
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
For Lease
Year built
1967
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
7
Total area
10,772 SF
Lot
3.61 ac (157,382 SF)
APN
44-076-00-0019
UPID
US63-0108135
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
7
Buildings
2
Lot
3.61 ac
Current owner
From public records · entity-resolved
585 Stewart Ave LLC
Entity
Free & Clear · 6 yrs held
Mailing address
377 5TH AVE, NEW YORK, NY 10016-3300
Ownership since
2019
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
Dec 6, 2019
$31,050,000
585 Stewart Ave LLC
Dbd Realty Group LLC
Bargain And Sale Deed
—
Dec 6, 2019
—
585 Stewart Ave LLC
—
Deed
related
$12,808,139 · Investors Bk
Mar 6, 2009
$30,200,000
Dbd Realty Group LLC
Coolidge 585 Stewart LLC
Grant Deed
—
Mar 6, 2009
—
Coolidge 585 Stewart LLC
Coolidge 585 Stewart LLC
Quit Claim Deed
related
—
Sep 29, 2004
$2,100,000
Coolidge 585 Stewart LLC
Coolidge 585 Stewart LLC
Grant Deed
related
—
Sep 27, 2004
$21,100,000
Coolidge 585 Stewart LLC
585 Stewart Realty LLC
Grant Deed
related
$19,750,000 · Ubs R/e Invs
—
—
585 Stewart Ave LLC
—
Loan Modification, Consolidation And Extension
related
$12,808,139 · Investors Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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