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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
657 Central Ave Cedarhurst, NY 11516-2320
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-4460141
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,067 SF
Lot
0.38 ac (16,335 SF)
APN
39-255-00-0009
UPID
US63-4460141
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
-
Marc C Levine DDS Dental Office
-
Markus L. Weitz South Island Periodontics & Implantology,PLLC Dental Office
-
South Island Periodontics & Implantology, PLLC Dental Office
-
Schlessenger Lori Dental Office
-
Paul B Schneider PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
637 Central Owner LLC · 10 yrs held
637 Central Owner LLC
since 2015
7 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 Cedarhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedarhurst 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%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$231 / 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
$110,458
Tax year 2023
Assessed value
$34,491
Assessed 2023
Previous assessed
$34,491
+0.0% YoY
Effective rate
320.25%
On assessed value
Assessed land
$4,499
Assessed improvement
$29,992
Total market value
$3,449,100
Applied tax rate
204.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
5,067 SF
Lot
0.38 ac (16,335 SF)
APN
39-255-00-0009
UPID
US63-4460141
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
637 Central Owner LLC
Entity
Mailing address
123 GRV AVE, CEDARHURST, NY 11516-2322
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
657 Ctrl Owner LLC
—
Deed
related
$3,000,000 · New York Cmnty Bk
Sep 21, 2015
$4,500,000
637 Central Owner LLC
657 Central Avenue LLC
Grant Deed
—
Jul 19, 2007
$4,575,000
657 Central Avenue LLC
Kipnis,james M
Grant Deed
$1,012,803 · Sovereign Bank
Jul 19, 2007
—
Bmf Realty Company LLC
Bmf Realty Company LLC
Quit Claim Deed
related
—
—
—
657 Centrlal Owner LLC
—
Deed Of Trust
related
$3,000,000 · Flushing Bk
—
—
Bmf Realty Co LLC
—
Deed Of Trust
related
$49,741 · Citibank Fsb
—
—
Bmf Realty Co LLC
—
Deed Of Trust
related
$200,000 · Citibank Fsb
—
—
657 Ctrl Owner LLC
—
Deed Of Trust
related
$286,834 · New York Cmnty Bk
—
—
657 Ctrl Owner LLC
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · New York Cmnty Bk
—
—
Bmf Realty Co LLC
—
Deed Of Trust
related
$1,344,836 · 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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