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    Lockwood Ct Queens, NY 11414

    • Residential income homes
    • 5,719 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 0 Lockwood Ct

    Property size
    5,719 SF
    Property type
    Residential income homes

    Description

    This exceptional Queens, NY multifamily property presents a unique investment opportunity. Located on Lockwood Ct, 11414, this two-unit, two-story home sits on a 5,719 square foot lot. The existing structure, totaling 5,719 square feet, requires renovation or rebuilding, offering a blank canvas for a discerning buyer. The R3A zoning permits a variety of development options. Annual property taxes are $4,528. The property boasts unparalleled waterfront access with included dock rights, creating a rare opportunity to build a dream home with direct water views. The "as-is" sale condition allows for creative vision and customization. Buyers should note that the property requires significant updating and viewings are strictly by appointment only. This prime location in Queens County offers exceptional potential for a lucrative investment or the creation of a stunning waterfront residence. Don't miss this chance to acquire a piece of waterfront paradise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8283
    Latitude
    40.6507

    Comparable in this City

    • Value Estimation by Request
      4,715 SF

      Lockwood Ct

      Multifamily properties • 4,715 SF
      0 Lockwood Ct, Queens, NY 11414
      View Details
    • Value Estimation
      $1,535,000
      4,500 SF

      10228 159th Rd

      APARTMENT HOUSE (5+ UNITS) • 4,500 SF
      10228 159th Rd, Jamaica, NY 11414
      View Details
    • Value Estimation
      $425,000
      5,120 SF

      14902 85th St

      APARTMENT HOUSE (5+ UNITS) • 5,120 SF
      14902 85th St, Jamaica, NY 11414
      View Details
    • Value Estimation
      $365,000
      3,735 SF

      15510 79th St

      APARTMENT HOUSE (5+ UNITS) • 3,735 SF
      15510 79th St, Jamaica, NY 11414-2308
      View Details
    • Value Estimation
      $380,000
      3,749 SF

      15518 79th St

      APARTMENT HOUSE (5+ UNITS) • 3,749 SF
      15518 79th St, Jamaica, NY 11414-2339
      View Details
    • Value Estimation
      $380,000
      3,749 SF

      15520 79th St

      APARTMENT HOUSE (5+ UNITS) • 3,749 SF
      15520 79th St, Jamaica, NY 11414-2312
      View Details

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      Howard Beach Hi-Ranch Two-Family Home

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    Similar Nearby for Lease

    • $3,400 /Mo

      Ground Floor Office/Retail Space

      Office/retail space for rent in Lindenwood/Howard Beach area.
      15009 89Th St, Jamaica, NY 11414
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      480 SF

      Ground Floor Office Space, Howard Beach

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    • Contact for pricing
      1,740 SF

      Cross Bay Blvd Retail Space

      Prime Queens Retail Shop - 1740 SF
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      20,015 SF

      Howard Beach Retail Center

      Prime Queens Retail Space Available
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      28,750 SF

      Cross Bay Blvd Executive Offices

      Howard Beach Office Space: 13,750 - 15,000 SF
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    • $800 /Mo

      Vacant Fenced Lot For Lease

      Vacant 40x80 fenced lot with curb cut for lease.
      163 Queens 163 Rd, Queens, NY 11414
      View Details
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    Lockwood Ct
    Queens, NY 11414
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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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