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Property profile & analytics
OFF-MARKET
Estimated value
$5,755,000
Distribution centers
88-92 Madison Ave, Hempstead, NY 11550
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3597991
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,560 SF
Lot
1.01 ac (43,996 SF)
APN
35-637-00-0135
UPID
US63-3597991
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
$5.94M
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
$5.98M
Blend (final)
Blend
$5.76M
Owner & transaction history
The Interfaith Nutrition Network In · 4 yrs held
The Interfaith Nutrition Network In
since 2022
Last sale
$5.5M
3 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 Hempstead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hempstead 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
$5,330,000
ML approach
$5,935,000
CAP Approach
CAP Return
Estimation
6%
$6,825,000
6.5%
$6,300,000
7%
$5,850,000
Blend value · Realmo final
$5.76M
Range $5.18M – $6.33M · ±10% · vs last sale $5.50M (Jun 1 2022)
Last sale anchor
$5.50M
Jun 1 2022
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
$244 / 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
$407
Tax year 2023
Assessed value
$13,553
Assessed 2023
Previous assessed
$13,553
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$8,799
Assessed improvement
$4,754
Total market value
$1,355,300
Applied tax rate
399.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
23,560 SF
Lot
1.01 ac (43,996 SF)
APN
35-637-00-0135
UPID
US63-3597991
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
The Interfaith Nutrition Network In
Individual
Mailing address
27111 76TH AVE, NEW HYDE PARK, NY 11040-1436
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$5,500,000
The Interfaith Nutrition Network In
Parker Jewish Inst For Health Care
Bargain And Sale Deed
$3,000,000 · The First National Bank Of Long Isl
Sep 10, 2012
$1,300,000
Parker Jewish Institue Of Health
Digital Properties LLC
Grant Deed
—
—
—
92 Madison Avenue LLC
—
Deed Of Trust
related
$107,704 · Israel Discount Bank Ltd
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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