Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial real estate
729-731 Middle Nck Rd Great Neck, NY 11024
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1906399
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1903
Construction
FRAME
Total area
1,196 SF
Lot
0.15 ac (6,700 SF)
APN
01-001-00-0004
UPID
US63-1906399
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
A3 E 719 Mnr Tyh LLC · 2 yrs held
A3 E 719 Mnr Tyh LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+35.5%
Office building
$845,000
+9.0%
Auto repair, garage
$785,000
+1.5%
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 Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$627 / 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
$28,050
Tax year 2023
Assessed value
$5,813
Assessed 2023
Previous assessed
$5,813
+0.0% YoY
Effective rate
482.54%
On assessed value
Assessed land
$2,345
Assessed improvement
$3,468
Total market value
$581,300
Applied tax rate
755.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1903
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
1,196 SF
Lot
0.15 ac (6,700 SF)
APN
01-001-00-0004
UPID
US63-1906399
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$680,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1903
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
A3 E 719 Mnr Tyh LLC
Entity
Mailing address
622 3RD AVE RM #600, NEW YORK, NY 10017-6759
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$7,000,000
A3 E 719 Mnr Tyh LLC
729 Middle Neck LLC
Bargain And Sale Deed
—
Nov 18, 2014
$750,000
729 Middle Neck LLC
Yik Estate One Corp
Grant Deed
$500,000 · Jg Funding Corp Jg Funding Corp
Nov 29, 2011
$500,000
Yjk Estate One Corp
Whlshire State Bank
Grant Deed
$450,000 · Newbank
Oct 25, 2011
$800,000
St Bk Wilshire
Hck Realty LLC
Deed In Lieu Of Foreclosure
—
Jun 3, 2005
$850,000
Hck Realty LLC
Kim,ok J
Grant Deed
—
—
—
Ok J Kim
—
Deed Of Trust
related
$96,666 · Liberty Bank New York
—
—
Ok J Kim
—
Deed Of Trust
related
$204,621 · Liberty Bank New York
—
—
Ada Allentuch
—
Deed Of Trust
related
$211,000 · Greenpoint Mortgage Corp
—
—
Hck Realty LLC
—
Deed Of Trust
related
$93,768 · Wilshire State Bank
—
—
Hck Realty LLC
—
Deed Of Trust
related
$300,000 · Wilshire State 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 729-731 Middle Nck Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
