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Property profile & analytics
FOR LEASE
Office buildings
701 Grant Ave 1st, Lake Katrine, NY 12449
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2659857
For Lease
1 / 9
$129-$10,631/Mo
701 Grant Ave,Unit 1st, Lake Katrine, NY 12449
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
309,120 SF
Lot
14.6 ac (635,976 SF)
Zoning code
37
APN
515400 39.82-1-30.420
UPID
US63-2659857
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
-
Hudson Valley Technologies Group Electronics & Wireless Store
-
Ulster Acquisitions One Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
701 Grant Kingston LLC · 1 yrs held
701 Grant Kingston LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
37 · Lake Katrine, NY
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 Lake Katrine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Katrine 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Aug 15 2024)
Last sale anchor
$4.00M
Aug 15 2024
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
$13 / 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
Property tax & assessments
Assessed value
$9,251,378
Assessed 2023
Previous assessed
$9,251,378
+0.0% YoY
Assessed land
$1,500,000
Assessed improvement
$7,751,378
Land market value
$3,000,000
Improvement market value
$15,502,756
Total market value
$18,502,756
Applied tax rate
510,800.0000
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
For Lease
Year built
1984
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
309,120 SF
Lot
14.6 ac (635,976 SF)
Zoning code
37
APN
515400 39.82-1-30.420
UPID
US63-2659857
Jurisdiction
ULSTER
Zoning & alternative use
37 · Lake Katrine, NY
Zoning 37 · permitted uses
37 · Lake Katrine, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Katrine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
14.6 ac
Current owner
From public records · entity-resolved
701 Grant Kingston LLC
Entity
Mailing address
390 NYE AVE, IRVINGTON, NJ 07111-4206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
$4,000,000
701 Grant Kingston LLC
County Of Ulster
Quit Claim Arm's Length For Ne States
$4,725,000 · Bank Of America NA
Mar 10, 2006
—
Ulster Acquisition I LLC
—
Trustees Deed
related
$490,000 · Bank Leumi USA
Dec 2, 2003
—
Ulster Acquisition I LLC
—
Trustees Deed
related
$520,000 · Bank Leumi USA
Sep 15, 2003
—
Ulster Acquisition I LLC
—
Trustees Deed
related
$2,100,000 · Bank Leumi USA
—
—
Ulster Acquisition I LLC
—
Deed Of Trust
related
$576,000 · Bank Leumi USA
—
—
Ulster Acquistions I LLC
—
Deed Of Trust
related
$771,547 · Bank Leumi USA
—
—
Ulster Acquisition I LLC
—
Deed Of Trust
related
$1,208,000 · Bank Leumi USA
—
—
Ulster Acquisition I LLC
—
Deed Of Trust
related
$1,734,751 · Hometown Commercial Capital
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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