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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Manufacturing properties
690 Albany Ave, Amityville, NY 11701-1199
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-6081483
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Total area
13,992 SF
Lot
0.8 ac (34,848 SF)
Zoning code
G
APN
0100-124.00-03.00-022.000
UPID
US63-6081483
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
-
Lenco Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Threshold HQ (Bike/Boat/Book/etc) Store Photography Service
-
Saraga Industries Corporation Industrial Manufacturer
-
Zophar Mills Inc Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.84M
Owner & transaction history
690 Albany Avenue LLC · 2 yrs held
690 Albany Avenue LLC
since 2023
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
G · Amityville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+24.6%
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
$3,120,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
$3,310,000
6.5%
$3,055,000
7%
$2,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,375,000
Current use
COMMERCIAL (GENERAL)
$4,205,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,985,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.30M (Jul 27 2023)
Last sale anchor
$2.30M
Jul 27 2023
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
$203 / 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
$11,100
Assessed 2023
Previous assessed
$11,100
+0.0% YoY
Assessed land
$3,360
Assessed improvement
$7,740
Land market value
$5,091
Improvement market value
$11,727
Total market value
$16,818
Applied tax rate
472,005.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Heating
NONE
Total area
13,992 SF
Lot
0.8 ac (34,848 SF)
Zoning code
G
APN
0100-124.00-03.00-022.000
UPID
US63-6081483
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Amityville, NY
Zoning G · permitted uses
G · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1967
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
690 Albany Avenue LLC
Entity
Mailing address
400 POST AVE STE #307, WESTBURY, NY 11590-2226
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$2,300,000
690 Albany Avenue LLC
Westbury Pk Assoc LLC
Deed
$5,470,432 · Patriot Bank
Feb 6, 2020
—
Westbury Pk Assocs LLC
—
Deed
related
$2,598,423 · Td Bk NA
Mar 17, 2003
$750,000
Westbury Park Associates LLC
Feldman,tr
Grant Deed
$562,500 · Hudson United Bank
—
—
Westbury Pk Assocs LLC
—
Deed Of Trust
related
$2,598,423 · Td Bk NA
—
—
Westbury Pk Assocs LLC
—
Loan Modification, Consolidation And Extension
related
$3,800,000 · Td 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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