Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    64 Hilton Ave Hempstead, NY 11550-2122

    • Commercial real estate
    • 1,052 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $90,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2813592
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brill Legal Group, P.C. / Law Firm / Criminal Justice Attorney
    • The Law Offices of Dennis P. Biancanello, P.C. / Attorney
    • Prusinowski Cindy / Attorney
    • Arber Howard B / Attorney / Family Law Attorney
    • Max Hive Insurance / Insurance Agency / Construction Company

    Property Details for 64 Hilton Ave

    Year built
    1902
    Construction
    FRAME
    Lot size
    0.60 lot acres
    Property size
    1,052 SF
    Property type
    Commercial real estate
    APN
    34-285-00-0060
    APU
    34285000060

    Description

    This beautifully renovated 1899 Victorian mansion, located at 64 Hilton Avenue in Hempstead's Cathedral Gardens submarket, offers 6,000 square feet of professional office space. The three-story building features 16 suites, with a maximum contiguous space of 650 square feet, ideal for a variety of businesses. Recent renovations (2018) include new windows and carpeting, while preserving original moldings and two charming (non-working) fireplaces. The building provides 14 parking spaces and convenient access to a first-floor conference room. Situated just half a mile from downtown Garden City and five minutes from the Southern State Parkway, this location offers both a prestigious address and easy commuting. The building is also four blocks from the Nassau County District Court, within a residential area, providing a quiet and professional atmosphere. This property is perfect for attorneys and other professionals seeking a unique and well-maintained office space. Discounts are available for longer-term leases. The building does not have elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $90,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6314
    Latitude
    40.7094
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,915
    $5,146
    $2,257
    $7,403
    -
    $0.00
    $0.00
    $740,300

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      475 Frnt St

      COMMERCIAL (GENERAL) • 1,000 SF
      475 Frnt St, Hempstead, NY 11550-4229
      View Details
    • Value Estimation by Request
      1,047 SF

      27 Columbia St

      COMMERCIAL (GENERAL) • 1,047 SF
      27 Columbia St, Hempstead, NY 11550-2429
      View Details
    • Value Estimation by Request

      148 James L L Burrell Ave

      Commercial real estate
      148 James L L Burrell Ave, Hempstead, NY 11550
      View Details
    • Value Estimation
      $525,000
      913 SF

      41 Hilton Ave

      COMMERCIAL (GENERAL) • 913 SF
      41 Hilton Ave, Hempstead, NY 11550-2119
      View Details
    • Value Estimation by Request
      752 SF

      3 Jean Ave

      COMMERCIAL (GENERAL) • 752 SF
      3 Jean Ave, Hempstead, NY 11550-6301
      View Details
    • Value Estimation by Request
      828 SF

      53 Grv St

      COMMERCIAL (GENERAL) • 828 SF
      53 Grv St, Hempstead, NY 11550-5616
      View Details

    Similar Nearby for Sale

    • $670,000
      2,160 SF

      Hempstead Restaurant & Building

      Turnkey Restaurant, High Traffic Area
      152 Union Pl, Hempstead, NY 11550
      View Details
    • $1,400,000

      Hempstead Development Land

      13-Unit Luxury Apartment Site, Approved
      279 Baldwin Rd, Hempstead, NY 11550
      View Details
    • $879,000
      4,428 SF

      Hempstead Mixed-Use Investment

      High-yield, dual-building property. Great potential.
      229 Franklin St, Hempstead, NY 11550
      View Details
    • $825,000
      5,530 SF

      Hempstead Mixed-Use Investment Opportunity

      High-Income Potential, Two Buildings on .23 Acres
      220 Franklin St, Hempstead, NY 11550
      View Details
    • $799,000
      Pending

      New Construction Colonial-Style Two-Family Home

      New construction two-family home in the heart of Hempstead.
      248 Main St, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Approved Residential Development Site

      Approved 13-unit luxury apartment building site in Hempstead, NY.
      279 Baldwin Rd, Hempstead, NY 11550
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Space Available

      Versatile space in a vibrant commercial district, Hempstead, NY.
      290 Peninsula Blvd, Hempstead, NY 11550
      View Details
    • Contact for pricing
      10,000 SF

      Ground Floor Space For Rent

      Prime ground floor space suitable for school, medical, or office.
      820 Front St, Hempstead, NY 11550
      View Details
    • $18,000 /Mo

      Corner Plot on Busy Street

      Large corner plot available for long-term lease.
      126 Henry St, Hempstead, NY 11550
      View Details
    • $12,000 /Mo
      2,850 SF

      Hempstead Commercial Space For Rent

      New commercial space suitable for daycare or school facility.
      533 Greenwich St, Hempstead, NY 11550
      View Details
    • $3,000 /Mo
      800 SF

      Move-in Ready Commercial Space

      Second-floor commercial space with private offices and excellent visibility.
      32 Main St, Hempstead, NY 11550
      View Details
    • $36 SF/Yr
      3,104 SF

      Renovated Office Space Available

      Conveniently located office space with modern amenities and ample parking.
      1600 Stewart Ave, Uniondale, NY 11550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    64 Hilton Ave
    Hempstead, NY 11550-2122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.