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Property profile & analytics
OFF-MARKET
Estimated value
$6,705,000
Flex space
59 Sea Clf Ave Glen Cove, NY 11542-3639
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4200687
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1899
Construction
FRAME
Total area
864 SF
Lot
4.27 ac (186,045 SF)
APN
21-00S-00-0010
UPID
US63-4200687
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
-
Walter J Moretto Inc Big Box & Wholesale Store Building Supply
-
Moretto Masonry Supply General Contractor
-
1800 Mulch Pro, LLC Garden Center Hardware & Home Improvement
-
Roslyn Metal Craft General Contractor
-
Sweet Peet of Long Island Agricultural Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.71M
Owner & transaction history
59 Sea Cliff Avenue LLC · 2 yrs held
59 Sea Cliff Avenue LLC
since 2023
Last sale
$6.0M
2 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 Glen Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Cove 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
$8,175,000
ML approach
$6,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.71M
Range $6.03M – $7.38M · ±10% · vs last sale $6.00M (Dec 27 2023)
Last sale anchor
$6.00M
Dec 27 2023
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
$7,760 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,224
Tax year 2022
Assessed value
$25,588
Assessed 2023
Previous assessed
$25,588
+0.0% YoY
Effective rate
43.86%
On assessed value
Assessed land
$22,278
Assessed improvement
$3,310
Total market value
$2,558,800
Applied tax rate
991.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1899
Construction
FRAME
Heating
FORCED AIR
Buildings
11
Stories
1
Total area
864 SF
Lot
4.27 ac (186,045 SF)
APN
21-00S-00-0010
UPID
US63-4200687
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
1899
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
11
Lot
4.27 ac
Current owner
From public records · entity-resolved
59 Sea Cliff Avenue LLC
Entity
Mailing address
1325 FRANKLIN AVE STE #255, GARDEN CITY, NY 11530-1623
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$6,000,000
59 Sea Cliff Avenue LLC
Sea Cliff Coal & Lumber Company
Bargain And Sale Deed
$4,650,000 · Sea Cliff Coal & Lumber Company
Apr 25, 2006
—
Gcp LLC
Photocircuits Corp
Quit Claim Deed
related
—
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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