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Property profile & analytics
FOR LEASE
Banks
700 Rockaway Tpke Lawrence, NY 11559
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6061511
For Lease
1 / 7
$4,000/Mo
700 Rockaway Tpke, Lawrence, NY 11559
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,295 SF
Lot
1.01 ac (44,213 SF)
APN
39-352-00-0027
UPID
US63-6061511
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
-
A.P. Doors & Gates Building Supply General Contractor
-
Baldwin Injury Chiropractic Alternative Medicine Practice
-
Veteran Electrical Contracting, LLC Electrical Service General Contractor
-
Excel International Co Freight Service Logistics Company
-
American Lamprecht Transport Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Landmark Infrastructure Holdin · 10 yrs held
Landmark Infrastructure Holdin
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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$248 / 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
$244,228
Tax year 2023
Assessed value
$75,874
Assessed 2023
Previous assessed
$75,874
+0.0% YoY
Effective rate
321.89%
On assessed value
Assessed land
$19,859
Assessed improvement
$56,015
Total market value
$7,587,400
Applied tax rate
181.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
5,295 SF
Lot
1.01 ac (44,213 SF)
APN
39-352-00-0027
UPID
US63-6061511
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.01 ac
Current owner
From public records · entity-resolved
Landmark Infrastructure Holdin
Individual
Mailing address
5307 17TH AVE, BROOKLYN, NY 11204-1424
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
Ld Acquisition Company 7 LLC
—
Deed
related
$219,658,000 · Wilmington Trust NA
Oct 13, 2016
—
Ld Acquisition Co 9 LLC
—
Deed
related
$1,327,810 · Deutsche Bk Tr Co Americas
Oct 1, 2015
—
Landmark Infrastructure Holdin
5120 Private LLC
Grant Deed
related
—
Apr 10, 2007
$3,600,000
700 Rockaway LLC
Rockaway Plaza Corp
Grant Deed
—
Apr 10, 2007
$4,700,000
5120 Private LLC
700 Rockaway LLC
Grant Deed
—
Jul 16, 1997
—
Rockaway Plaza Corp
Greenpoint Bank
Grant Deed
$990,000 · Greenpoint Bank
Sep 26, 1995
$1,447,077
Greenpoint Bank
Home Savings Of
Grant Deed
related
—
—
—
Ld Acquisition Co 9 LLC
—
Deed Of Trust
related
$1,327,810 · Deutsche Bk Tr Co Americas
—
—
5120 Private LLC
—
Deed Of Trust
related
$3,250,000 · Signature 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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