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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Showrooms
621 Broadway, Amityville, NY 11701-2123
Entity Owned
Free & Clear
Property ID
US63-0234606
Property summary
AI-generated overview
This 1,843 square foot commercial property located at 621 Broadway, Amityville, NY, presents a compelling investment opportunity. Currently leased to Halo Network, the property is zoned E Business and offers a strong, stable income stream. The existing lease agreement runs until July 31, 2025, providing immediate cash flow for the investor. The current monthly rent is $4,500 until July 31, 2023, increasing to $4,590 per month ($55,080 annually) from August 1, 2023, through the lease expiration. This translates to a net annual income of $36,000. The building is 100% occupied, minimizing vacancy risk. The property's size is ideal for a variety of commercial uses, given its E-zone designation. The building itself comprises 1,843 square feet, with approximately 5% dedicated to office space. This property is being offered for sale at $645,000 and represents a solid investment prospect with a predictable return. Serious inquiries only.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1958
Total area
1,843 SF
Lot
0.27 ac (11,700 SF)
Zoning code
E
APN
0100-165.00-02.00-002.000
UPID
US63-0234606
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
-
Project Redirect Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$417k
Blend (final)
Blend
$550k
Owner & transaction history
Areto Properties INC
Areto Properties INC
since 2025
Last sale
$620,000
6 recorded transactions
Zoning & alternative use
E · Amityville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+58.5%
Auto repair, garage
$675,000
+22.3%
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 Amityville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amityville 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
OFFICE BUILDING
$880,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$675,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $620k (May 20 2025)
Last sale anchor
$620k
May 20 2025
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
$298 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$5,170
Assessed 2023
Previous assessed
$5,170
+0.0% YoY
Assessed land
$1,000
Assessed improvement
$4,170
Land market value
$1,515
Improvement market value
$6,318
Total market value
$7,833
Applied tax rate
472,006.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1958
Heating
NONE
Total area
1,843 SF
Lot
0.27 ac (11,700 SF)
Zoning code
E
APN
0100-165.00-02.00-002.000
UPID
US63-0234606
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
E · Amityville, NY
Zoning E · permitted uses
E · Amityville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amityville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$675,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Year built
1958
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Areto Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
320 CARLETON AVE STE #2300, CENTRAL ISLIP, NY 11722-4500
Ownership since
2025
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
Aug 20, 2025
$620,000
Areto Properties INC
H & S Broadway LLC
Deed
—
Aug 2, 2020
—
H & S Broadway LLC
—
Deed
related
$260,000 · Webster Bk NA
Oct 31, 2014
$389,000
H & S Broadway LLC
Harris,deborah
Grant Deed
$291,750 · M&t Bk
May 11, 2005
$280,000
Harold King
Floyd,marquette
Warranty Deed
—
Sep 30, 2002
—
Marquette L Floyd
Floyd,marquette L
Quit Claim Deed
related
—
—
—
H & S Broadway LLC
—
Deed Of Trust
related
$260,000 · Webster Bk NA
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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