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Property profile & analytics
OFF-MARKET
Estimated value
$5,645,000
Banks
60 Hempstead Ave West Hempstead, NY 11552-2148
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-4131296
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
7,200 SF
Lot
0.18 ac (8,000 SF)
APN
35-367-00-0364
UPID
US63-4131296
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
-
Lighthouse Real Estate Ventures Real Estate Agency
-
Meaningful Movement Mental Health Counseling, PLLC. Crisis Center Medical Clinic
-
Drу М - Nаil Sаlon - Russiаn Маniсurе Nail Salon
-
Hamilton Brooks Llc Employment Agency
-
Mercy First-60 Hempstead Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.65M
Owner & transaction history
60 Hempstead LLC · 4 yrs held
60 Hempstead LLC
since 2022
Last sale
$5.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+10.5%
Neighborhood: shopping center
$6.3M
+9.2%
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 West Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$5,500,000
ML approach
$5,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$5,785,000
Current use
RESTAURANT
$6,390,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,315,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.65M
Range $5.08M – $6.21M · ±10% · vs last sale $5.67M (Jan 14 2022)
Last sale anchor
$5.67M
Jan 14 2022
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
$784 / 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
$9,258
Tax year 2023
Assessed value
$2,200
Assessed 2023
Previous assessed
$2,200
+0.0% YoY
Effective rate
420.82%
On assessed value
Assessed land
$2,097
Assessed improvement
$103
Total market value
$220,000
Applied tax rate
85.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Total area
7,200 SF
Lot
0.18 ac (8,000 SF)
APN
35-367-00-0364
UPID
US63-4131296
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$5.8M
RESTAURANT
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
FINANCIAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
60 Hempstead LLC
Entity
Mailing address
60 HEMPSTEAD AVE, WEST HEMPSTEAD, NY 11552-2148
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$5,674,875
60 Hempstead LLC
Lighthouse Sixty LP
Bargain And Sale Deed
—
Feb 13, 2017
—
Lighthouse Sixty LP
Town Of Hempstead Indl Dev Agcy
Quit Claim Deed
related
$6,300,000 · Bankunited Fsb
Jan 14, 2011
—
Town Of Hempstead Indl Dev Agcy
—
Deed Of Trust
related
$5,500,000 · State Bank Of Long Island
—
—
Lighthouse Sixty LP
—
Deed Of Trust
related
$6,300,000 · Bank United
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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