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Property profile & analytics
OFF-MARKET
Estimated value
$4,635,000
High-rise multifamily apartments
600 Fulton Ave, Hempstead, NY 11550-4353
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3415632
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,799 SF
Lot
2.3 ac (100,188 SF)
APN
34-405-00-0366
UPID
US63-3415632
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
-
Golden Hands Construction inc Roofing Company General Contractor
-
590-600 Fulton LLC Real Estate Agency
-
Keyla Gym & Fitness Center Training Center
-
Fulton Manor Apartment Building
-
Al's Number One Clean Up Llc Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.64M
Owner & transaction history
590 600 Realty Corp · 3 yrs held
590 600 Realty Corp
since 2022
4 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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,780,000
6.5%
$6,255,000
7%
$5,810,000
Blend value · Realmo final
$4.64M
Range $4.17M – $5.10M · ±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
$203 / 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
$81,528
Tax year 2023
Assessed value
$183,854
Assessed 2023
Previous assessed
$183,854
+0.0% YoY
Effective rate
44.34%
On assessed value
Assessed land
$20,038
Assessed improvement
$163,816
Total market value
$18,385,400
Applied tax rate
399.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Units
216
Total area
22,799 SF
Lot
2.3 ac (100,188 SF)
APN
34-405-00-0366
UPID
US63-3415632
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
216
Lot
2.3 ac
Current owner
From public records · entity-resolved
590 600 Realty Corp
Entity
Mailing address
45 JACKSON ST, HEMPSTEAD, NY 11550-3019
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
Sep 20, 2022
—
590 600 Realty Corp
Town Of Hempstead Industrial Dev Ag
Quit Claim Deed
related
$54,000,000 · Signature Bank
May 8, 2017
—
590-600 Realty Corp
—
Loan Modification, Consolidation And Extension
related
$47,600,000 · Greystone Svcg
Mar 1, 2011
—
Town Of Hempstead Indl Dev Agcy
—
Deed Of Trust
related
$3,860,000 · New York Commercial Bank
Oct 4, 2006
$20,975,000
590-600 Fulton LLC
590-600 Associates
Grant Deed
related
$20,200,000 · New York Community 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.
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