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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Banks
91 Franklin St Hempstead, NY 11550-3003
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-4754297
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
8,500 SF
Lot
0.2 ac (8,568 SF)
APN
34-292-00-0005
UPID
US63-4754297
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
-
The Workplace Project - Food Distribution Center Food Bank Charitable Organization
-
Monteiro & Fishman LLP Law Firm
-
Aristar Maintenance New York City Window Cleaning Service Carpet Cleaning Service
-
Long Island Painter Painting Service General Contractor
-
Your Injury Practice | Hempstead Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
137 Frost Street LLC · 10 yrs held
137 Frost Street LLC
since 2015
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$241 / 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
$9,437
Tax year 2023
Assessed value
$1,761
Assessed 2023
Previous assessed
$2,448
-28.1% YoY
Effective rate
535.89%
On assessed value
Assessed land
$1,616
Assessed improvement
$145
Total market value
$176,100
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Total area
8,500 SF
Lot
0.2 ac (8,568 SF)
APN
34-292-00-0005
UPID
US63-4754297
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
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
137 Frost Street LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4921 ANNANDALE LN, LITTLE NECK, NY 11362-1303
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2015
$3,210,000
137 Frost Street LLC
Je Goldberger Trust
Grant Deed
—
Jul 3, 2012
—
Goldberger Je Trust
Goldberger,joseph & Eva
Quit Claim Deed
—
Mar 21, 2006
$3,400,000
Goldberger J E Trust
North Franklin LLC
Grant Deed
—
Dec 27, 2005
$3,000,000
North Franklin LLC
North Franklin Estates LLC
Grant Deed
related
$515,933 · Washington Mutual Fsb
Feb 20, 2004
$2,300,000
North Franklin Estates LLC
91 Franklin Estates LLC
Grant Deed
$474,787 · City & Suburban Fsb
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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