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    For Sale (10)

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    Two-Family Home in Jackson Heights
    $1,098,000
    0.05 Acres

    Two-Family Home in Jackson Heights

    Charming two-family home with parking in Jackson Heights.

    31-39 84Th St, Jackson Heights, NY 11370
    View details
    Renovated Two-Family Home, New Hyde Park
    $999,000
    0.09 Acres

    Renovated Two-Family Home, New Hyde Park

    Well-maintained, renovated two-family home in the heart of New Hyde Park.

    25 N 12Th St, New Hyde Park, NY 11040
    View details
    New Construction Two-Family Home
    $1,498,888
    0.09 Acres

    New Construction Two-Family Home

    New two-family home in Woodhaven near train and park.

    9214 88Th Ave, Woodhaven, NY 11421
    View details
    Modern Rosedale Two-Family Home
    $1,398,000
    1,250 SF

    Modern Rosedale Two-Family Home

    Two modern units, built in 2019, with desirable amenities.

    139-16 Caney Ln, Rosedale, NY 11422
    View details
    Victorian Multi-Family in Maspeth, NY
    $1,438,000
    0.10 Acres

    Victorian Multi-Family in Maspeth, NY

    Oversized 2-family home with 7 bedrooms and 4 bathrooms.

    60-59 69Th St, Maspeth, NY 11378
    View details
    Corona Four-Family Home For Sale
    $1,400,000
    0.06 Acres

    Corona Four-Family Home For Sale

    Well-maintained four-family home in Corona with strong rental potential.

    49-18 103Rd St, Corona, NY 11368
    View details
    East Elmhurst Legal 3-Family Home
    $1,298,000
    800 SF

    East Elmhurst Legal 3-Family Home

    Well-maintained, income-producing property near transportation and shopping.

    31-11 101St St, East Elmhurst, NY 11369
    View details
    Renovated Astoria Multifamily Brick Home
    $1,990,000
    3,080 SF

    Renovated Astoria Multifamily Brick Home

    Spacious, renovated 7-bedroom multifamily home in the heart of Astoria.

    20-49 49Th St, Astoria, NY 11105
    View details
    Spacious Jamaica Two-Family Home
    $1,280,000
    2,130 SF

    Spacious Jamaica Two-Family Home

    Detached, two-unit home with finished basement and convenient transportation access.

    14734 224Th St, Jamaica, NY 11413
    View details
    New Construction Legal Three-Family Home
    $2,380,000

    New Construction Legal Three-Family Home

    Newly constructed three-family home with modern layouts and parking.

    36-31 171St St, Flushing, NY 11358
    View details

    For Lease (4)

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    Long Island City Office Suite
    $1,650 / Mo

    Long Island City Office Suite

    Move-in ready office space in the heart of Long Island City.

    2525 Borden Ave, Long Island City, NY 11101
    View details
    Storefront with Basement in Corona
    $8,700 / Mo

    Storefront with Basement in Corona

    Retail space with basement, high foot traffic, near transportation.

    108-61 Roosevelt Ave, Corona, NY 11368
    View details
    Long Island City Office Suite
    $2,450 / Mo

    Long Island City Office Suite

    Move-in ready office space in Long Island City.

    2525 Borden Ave, Long Island City, NY 11101
    View details
    Long Island City Office Suite
    $2,275 / Mo

    Long Island City Office Suite

    Move-in ready office space in the heart of Long Island City.

    2525 Borden Ave, Long Island City, NY 11101
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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