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Property profile & analytics
OFF-MARKET
Industrial properties
602 3rd Ave, Mount Vernon, NY 10550-4915
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-6038414
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2 ac (87,120 SF)
APN
550800 169.47-3105-1
UPID
US63-6038414
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
-
QLT Imprint Supplies Inc Printing Equipment And Supplies Store
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Jilly's West Freight Service Logistics Company
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Commodore Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kovar Hill Associates LLC · 15 yrs held
Kovar Hill Associates LLC
since 2010
6 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 Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon 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
—
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 2020Property tax & assessments
Tax year 2020
Assessed value
$78,500
Assessed 2023
Previous assessed
$78,500
+0.0% YoY
Assessed land
$43,500
Assessed improvement
$35,000
Land market value
$2,543,860
Improvement market value
$2,046,784
Total market value
$4,590,644
Applied tax rate
550,800.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2 ac (87,120 SF)
APN
550800 169.47-3105-1
UPID
US63-6038414
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Kovar Hill Associates LLC
Entity
Free & Clear · 15 yrs held
Mailing address
602 S 3RD AVE, MOUNT VERNON, NY 10550-4915
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2010
$2,500,000
Kovar Hill Associates LLC
602 South Third Realty LLC
Bargain And Sale Deed
—
Apr 15, 2003
$2,500,000
602 South Third Realty LLC
Noesting INC
Grant Deed
$1,000,000 · Empire State Certified Dev
—
—
Kovar Hill Associates LLC
—
Deed Of Trust
related
$2,362,000 · Manufacturers Traders & Trust
—
—
Kovar Hill Associates LLC
—
Deed Of Trust
related
$597,647 · Manufacturers Traders & Trust
—
—
Kovar Hill Associates LLC
—
Deed Of Trust
related
$1,016,096 · Manufacturers & Traders Tr
—
—
Kovar Hill Associates LLC
—
Loan Modification
related
$2,470,280 · Manufacturers Trade & Tr
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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