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Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Turn key restaurants
Gdn City Plz, Garden City, NY 11530
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-4819544
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Total area
8,980 SF
Lot
2 ac (87,164 SF)
APN
44-077-00-0079
UPID
US63-4819544
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
-
Digital Dental Design Studio, LLC. Dental Office
-
Norgate Technology Inc (Bike/Boat/Book/etc) Store Corporate Office
-
John K Moss PC Law Firm
-
Calica Robert M Law Firm
-
Berkman Henoch Peterson Peddy & Fenchel : Mark Weprin Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.22M
Blend (final)
Blend
$7.72M
Owner & transaction history
600 GCP LLC · 6 yrs held
600 GCP LLC
since 2020
Last sale
$6.6M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.8M
+48.2%
Commercial (general)
$8.8M
+10.1%
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 Garden City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden City 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
$9,265,000
ML approach
$7,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,970,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,820,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,780,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,880,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$7,205,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$7,090,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±10% · vs last sale $6.60M (Mar 26 2020)
Last sale anchor
$6.60M
Mar 26 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
$860 / 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
$79,392
Tax year 2023
Assessed value
$24,828
Assessed 2023
Previous assessed
$24,828
+0.0% YoY
Effective rate
319.77%
On assessed value
Assessed land
$17,431
Assessed improvement
$7,397
Total market value
$2,482,800
Applied tax rate
401.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2015
Heating
NONE
Total area
8,980 SF
Lot
2 ac (87,164 SF)
APN
44-077-00-0079
UPID
US63-4819544
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
RESTAURANT Current
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$7.1M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2015
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
600 GCP LLC
Entity
Free & Clear · 6 yrs held
Mailing address
50 E RIDGEWOOD AVE #377, RIDGEWOOD, NJ 07450-3880
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
$6,600,000
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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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