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Property profile & analytics
OFF-MARKET
Estimated value
$5,985,000
Office buildings
747 Chestnut Rdg Rd, Chestnut Ridge, NY 10977-6224
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-0086796
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
36,396 SF
Lot
3.53 ac (153,767 SF)
Zoning code
05 - COMMERCIAL
APN
392615 63.09-1-57
UPID
US63-0086796
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
-
Ameritas Financial Advisor Insurance Agency
-
Barry Kantrowitz, Attorney Law Firm
-
Daniel Schwartz, Attorney Law Firm
-
Gary S. Graifman, Attorney Law Firm
-
Reginald Rutishauser, Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.99M
Owner & transaction history
747 Chestnut Ridge LLC · 6 yrs held
747 Chestnut Ridge LLC
since 2020
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Chestnut Ridge, 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 Chestnut Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestnut Ridge 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
$7,880,000
ML approach
$7,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.99M
Range $5.39M – $6.58M · ±10% · vs last sale $4.40M (Feb 20 2020)
Last sale anchor
$4.40M
Feb 20 2020
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
$164 / 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
$505,000
Assessed 2023
Previous assessed
$505,000
+0.0% YoY
Assessed land
$176,300
Assessed improvement
$328,700
Land market value
$418,826
Improvement market value
$780,874
Total market value
$1,199,700
Applied tax rate
392,602.0000
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
1988
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
36,396 SF
Lot
3.53 ac (153,767 SF)
Zoning code
05 - COMMERCIAL
APN
392615 63.09-1-57
UPID
US63-0086796
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Chestnut Ridge, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Chestnut Ridge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chestnut Ridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
747 Chestnut Ridge LLC
Entity
Free & Clear · 6 yrs held
Mailing address
199 LEE AVE, BROOKLYN, NY 11211-8919
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
$4,400,000
747 Chestnut Ridge LLC
Valley National Bank
Bargain And Sale Deed
—
Nov 6, 2019
—
Valley Natl Bk
Valley 747 Acquisition LLC
Quit Claim Deed
related
—
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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