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    Property profile & analytics

    219Th St Queens Village, NY 11428

    • Mixed-use properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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
      $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 by Request
      5,500 SF

      9425 222nd St

      BOARDING/ROOMING HOUSE • 5,500 SF
      9425 222nd St, Jamaica, NY 11428-2046
      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
    • Value Estimation
      $17,125,000
      76,800 SF

      9345 222nd St

      APARTMENT HOUSE (5+ UNITS) • 76,800 SF
      9345 222nd St, Jamaica, NY 11428-1953
      View Details
    • Value Estimation
      $15,300,000
      79,137 SF

      9403 222nd St

      APARTMENT HOUSE (5+ UNITS) • 79,137 SF
      9403 222nd St, Jamaica, NY 11428-2041
      View Details

    Similar Nearby for Sale

    • $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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    • $1,100,000

      Corner Property with Storefront

      Fully occupied two-family with storefront, low taxes, high visibility.
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    • $1,100,000

      Jamaica Avenue Mixed-Use Property

      Mixed-use property on Jamaica Ave with commercial and residential spaces.
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    • $988,000
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      Jamaica Avenue Mixed-Use Property

      Mixed-use property with commercial storefront and residential units in Jamaica.
      214-69 Jamaica Ave, Jamaica, NY 11428
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    • $1,499,000
      3,175 SF

      Queens Mixed-Use Investment

      High-yield Queens property, 8.33% cap rate.
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    • $995,000

      Queens Village Two-Family House

      Two-family house near transportation, schools, and shops in Queens Village.
      91-03 212Th St, Queens Village, NY 11428
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    Similar Nearby for Lease

    • $2,624 /Mo

      Cozy Queens Village One-Bedroom Apartment

      Charming one-bedroom apartment with private entrance and convenient location.
      90-45 207Th St, Jamaica, NY 11428
      View Details
    • New
      $3,606 /Mo

      New Queens Apartment for Rent

      Brand new three-bedroom apartment in prime Queens Village location.
      211-45 Jamaica Ave, Queens, NY 11428
      View Details
    • $4,000 /Mo
      1,000,000 SF

      Queens Village Mixed-Use Opportunity

      Highly visible commercial property in the heart of Queens Village.
      211-07 Jamaica Ave, Queens Village, NY 11428
      View Details
    • $5,300 /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
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    • $5,000 /Mo

      Retail Space on Jamaica Avenue

      Retail space available for lease on Jamaica Avenue.
      214-21 Jamaica Ave, Jamaica, NY 11428
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    • $1,950 /Mo
      800 SF

      Queens Village Office Space Available

      800 SF office space ideal for professional services.
      217-02 Jamaica Ave, Jamaica, 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.

    More about this property
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