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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Office buildings
680 Central Ave Cedarhurst, NY 11516-2329
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2323276
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
610 SF
Lot
0.14 ac (6,300 SF)
APN
39-251-00-0517
UPID
US63-2323276
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
-
Law Offices of Joseph M. Fein Law Firm
-
Modern Coworking & Office Space LI Coworking & Hybrid Office
-
Rachel Tuchman Medical Clinic
-
DB Medical Supplies Production Facility
-
Keyspace Cedarhurst Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
Keyspace Cedarhurst LLC · 4 yrs held
Keyspace Cedarhurst LLC
since 2021
Last sale
$5.0M
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
$5,990,000
ML approach
$6,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±10% · vs last sale $5.00M (Dec 6 2021)
Last sale anchor
$5.00M
Dec 6 2021
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
$9,033 / 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
$47,728
Tax year 2023
Assessed value
$17,493
Assessed 2023
Previous assessed
$17,493
+0.0% YoY
Effective rate
272.84%
On assessed value
Assessed land
$2,268
Assessed improvement
$15,225
Total market value
$1,749,300
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
OFFICE BUILDING
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
610 SF
Lot
0.14 ac (6,300 SF)
APN
39-251-00-0517
UPID
US63-2323276
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Keyspace Cedarhurst LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4 BROWER AVE STE #5, WOODMERE, NY 11598-1702
Ownership since
2021
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
Dec 6, 2021
$5,000,000
Keyspace Cedarhurst LLC
680 Central LLC
Bargain And Sale Deed
—
Jun 14, 2018
—
680 Ctrl LLC
—
Deed
related
$2,765,000 · Bethpage FCU
Mar 8, 2018
—
680 Central LLC
—
Deed
related
$1,115,000 · Hkj Real Estate Fund LP
Jan 18, 2017
$1,100,000
680 Central LLC
Halperin,barry & Ellen
Grant Deed
$1,609,837 · Hkj Real Estate Debt Fund LP Hkj Real Estate Debt Fund LP
Jan 18, 2017
—
680 Central LLC
—
Deed
related
$390,162 · * Other Institutional Lenders
Jun 30, 1997
$79,000
Marak R Arenella
Capellini,richard
Grant Deed
—
—
—
Mark R Arenella
—
Deed Of Trust
related
$100,000 · Fleet Homes Equity USA INC
—
—
680 Central LLC
—
Loan Modification, Consolidation And Extension
related
$390,162 · * Other Institutional Lenders
—
—
680 Central LLC
—
Deed Of Trust
related
$1,115,000 · Hkj Real Estate Fund LP
—
—
680 Ctrl LLC
—
Loan Modification
related
$2,765,000 · Bethpage FCU
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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