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    219Th St Queens Village, NY 11428
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    219Th St Queens Village, NY 11428

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    • Mixed-use properties
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    Cap Rate Potential
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    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 219Th St

    Property type
    Mixed-use properties
    Property subtype
    Residential income homes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens Village
    County
    Queens
    State
    New York
    Longitude
    -73.7379
    Latitude
    40.7221

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

      9425 222nd St

      BOARDING/ROOMING HOUSE • 5,500 SF
      9425 222nd St, Jamaica, NY 11428-2046
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    • Value Estimation by Request
      1,908 SF

      9447 213th St

      BOARDING/ROOMING HOUSE • 1,908 SF
      9447 213th St, Jamaica, NY 11428-1615
      View Details
    • Value Estimation
      $510,000
      2,182 SF

      9103 212th St

      BOARDING/ROOMING HOUSE • 2,182 SF
      9103 212th St, Jamaica, NY 11428-1115
      View Details
    • Value Estimation
      $1,390,000
      7,114 SF

      8902 Moline St

      APARTMENT HOUSE (5+ UNITS) • 7,114 SF
      8902 Moline St, Jamaica, NY 11428-1442
      View Details
    • Value Estimation
      $6,820,000
      45,760 SF

      9323 218th St

      APARTMENT HOUSE (5+ UNITS) • 45,760 SF
      9323 218th St, Jamaica, NY 11428-1844
      View Details
    • Value Estimation
      $14,220,000
      81,900 SF

      9406 225th St

      APARTMENT HOUSE (5+ UNITS) • 81,900 SF
      9406 225th St, Jamaica, NY 11428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,175 SF

      Mixed-Use Building with Retail & Offices

      Mixed-use building featuring retail, offices, and apartments.
      214-55 Jamaica Ave, Queens, NY 11428
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    • $1,100,000
      2,451 SF

      Queens Village Mixed-Use Investment

      Fully occupied mixed-use property with storefront and residential units.
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    • $1,030,000
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      Queens Village Two-Family Homes

      Two detached colonial homes in sought-after Queens Village neighborhood.
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    • $1,200,000
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      Queens Village Two-Family House

      Two-family house in Queens Village with finished basement and attic.
      222-26 93Rd Ave, Queens Village, NY 11428
      View Details

    Similar Nearby for Lease

    • New
      $3,606 /Mo

      Full-Floor Apartment in Queens Village

      Brand new three-bedroom apartment near transportation, shopping, and dining.
      211-45 Jamaica Ave, Queens, NY 11428
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    • Contact for pricing

      Jamaica Avenue Flex Space Available

      72,879 SF of industrial, office, and parking space for lease.
      222-25 Jamaica Ave, Queens, NY 11428
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    • $15,000 /Mo
      10,019 SF

      Auto Body Repair Shop

      Turnkey auto body repair shop for rent on Jamaica Ave.
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    • Contact for pricing
      2,000 SF

      Retail Space in Queens Village

      2000 SF retail space available for rent.
      21250 Jamaica Ave, Queens Village, NY 11428
      View Details
    • $2,990 /Mo
      384 SF

      Queens Village Office Space Available

      Office space for rent in high-traffic Queens Village location.
      21247-21251 Jamaica Ave, Queens Village, NY 11428
      View Details
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    219Th St
    Queens Village, NY 11428
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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.

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