550 ADAMS ST
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Location
550 ADAMS ST
Mblu
4071/ 13/ 31/ /
Acct#
01226201
Owner
NEW CREEK LLC
Assessment
$5,035,500
PID
24956
Building Count
1
Assessing District
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$3,820,600$1,214,900$5,035,500

Owner of Record
OwnerNEW CREEK LLC
Co-OwnerC/O KIMCO REALTY CORPORATION
Care Of
Address500 N BROADWAY STE 201
JERICHO, NY 11753
Sale Price$0
Book & Page 1242/0871
Sale Date01/13/2012
Instrument1B

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
NEW CREEK LLC$01242/08711B01/13/2012
PRIMA III LLC$00811/0169NA05/13/2002
GPB REAL ESTATE II LLC$2,000,0000743/0060NA12/31/1996

Building Information
Building 1 : Section 1
Year Built: 1945
Living Area: 27,066
Replacement Cost: $3,862,596
Building Percent Good: 72
Replacement Cost
Less Depreciation:
$2,781,100
Building Attributes
FieldDescription
Style:Strip Stores
ModelCommercial
GradeABOVE AVE
Stories:1
Occupancy6.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber Membran
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Ceram Clay Til
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseSTRIP STORES
Total Rooms6
Total Bedrms0
Total Baths6
1st Floor Use:3230
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
CeilingSUSP CLNG+WL
Rooms/PrtnsAVERAGE
Wall Height20.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
RETRETAIL 22,203 22,203
RSTRESTAURANT 4,863 4,863
CANCanopy 2 0
ULPLoading Platform, Unfinished 522 0
   27,590 27,066

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
SPR1SPRINKLERS-WET22866.00 S.F.$16,5001

Land
Land Use
Use Code3220
DescriptionSTRIP STORES  
NeighborhoodADM1
Land Line Valuation
Size (Sqr Feet)114562
Assessed Value$1,214,900

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
PAV1PAVING-ASPHALT  46031.00 S.F.$51,8001
LT11W/TRIPLE LIGHT  6.00 UNITS$9,9001
FN1FENCE-4' CHAIN  500.00 L.F.$4,5001
SGN3W/INT LIGHTS  80.00 S.F.&HGT$3,2001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$3,820,600$1,214,900$5,035,500
2025$3,630,600$1,214,900$4,845,500
2024$3,317,400$1,214,900$4,532,300

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