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Property profile & analytics
FOR LEASE
Office buildings
60 Cuttermill Rd Great Neck, NY 11021
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2511197
For Lease
$12,324/Mo
60 Cuttermill Rd, Great Neck, NY 11021
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
STEEL FRAME
Total area
58,952 SF
Lot
1.36 ac (59,416 SF)
APN
02-376-00-0028
UPID
US63-2511197
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
-
W Financial Bank Credit Union
-
Gould Investors LP Real Estate Agency
-
Yaghoubi Law Law Firm
-
Ronald Fatoullah & Associates Law Firm
-
Law Offices of Ira M. Perlman & Robert D. Rosen 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
$11.44M
Owner & transaction history
Phillips Cutter Mill Owner LLC · 11 yrs held
Phillips Cutter Mill Owner LLC
since 2015
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 Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.44M
Range $10.30M – $12.58M · ±10%
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
$194 / 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
$576,904
Tax year 2023
Assessed value
$122,417
Assessed 2023
Previous assessed
$131,267
-6.7% YoY
Effective rate
471.26%
On assessed value
Assessed land
$27,704
Assessed improvement
$94,713
Total market value
$12,241,700
Applied tax rate
816.0000
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
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Total area
58,952 SF
Lot
1.36 ac (59,416 SF)
APN
02-376-00-0028
UPID
US63-2511197
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
1978
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Lot
1.36 ac
Current owner
From public records · entity-resolved
Phillips Cutter Mill Owner LLC
Entity
Mailing address
295 MADISON AVE, NEW YORK, NY 10017-6434
Ownership since
2015
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, 2018
—
Philips Cutter Mill Owner LLC
—
Loan Modification, Consolidation And Extension
related
$21,468,858 · Sterling Nat'l Bk
Mar 10, 2015
$33,500,000
Phillips Cutter Mill Owner LLC
Gould Fagan Building LLC
Grant Deed
$23,660,000 · Bank Of China
Dec 9, 2014
—
Gould Fagan Building LLC
Go Cutter Mill Property Corp
Quit Claim Deed
—
Sep 17, 1991
$660,000
Cuttermill Partners
Unknown
Grant Deed
—
—
—
60 Cutter Mill Rd Prop Corp
—
Deed Of Trust
related
$5,762,141 · Sovereign Bank
—
—
60 Cutter Mill Road Property
—
Deed Of Trust
related
$1,000,000 · Trust Co Of The West Trustee
—
—
60 Cutter Mill Road Prop Corp
—
Deed Of Trust
related
$14,000,000 · Sovereign Bank
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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