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    10032 Atlantic Ave Jamaica, NY 11416-1727
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    Property profile & analytics

    10032 Atlantic Ave, Jamaica, NY 11416-1727

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    • Investment properties
    • 5,820 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Dec 21, 2023
    Property ID
    US63-6232383
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 10032 Atlantic Ave

    Year built
    1930
    Lot size
    0.09 lot acres
    Zone code
    M1-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    09376-0015
    APU
    93760015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2023 — 2630 Steinway LLC Atlantic 26 LLC Deed —
    Jan 16, 2020 — Atlantic 26 LLC 2630 Steinway LLC Quit Claim Deed · related —
    May 23, 2016 $2,326,000 2630 Steinway LLC Octavio Realty INC Grant Deed $1.6M · Bcb Cmnty Bk
    Apr 9, 2007 $499,000 Octavio Realty INC Dallis Realty Holdings LLC Grant Deed —
    Nov 15, 2005 — Dallis Realty Holdings LLC Dallis Realty Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,150,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $806,000
      Market price range: $460k - $807k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,870,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.8429
    Latitude
    40.6896
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $52,240
    $72,000
    $421,200
    $493,200
    -
    $160,000
    $936,000
    $1,096,000

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      9501 101st Ave

      STORE/OFFICE (MIXED USE)
      9501 101st Ave, Jamaica, NY 11416-2519
      View Details
    • Value Estimation
      $620,000
      3,000 SF

      9703 101st Ave

      STORE/OFFICE (MIXED USE)
      9703 101st Ave, Jamaica, NY 11416-2523
      View Details
    • Value Estimation
      $1,205,000
      7,560 SF

      7402 101st Ave

      STORE/OFFICE (MIXED USE)
      7402 101st Ave, Jamaica, NY 11416-1025
      View Details
    • Value Estimation
      $670,000
      4,800 SF

      10012 101st Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      10012 101st Ave, Jamaica, NY 11416-2609
      View Details
    • Value Estimation by Request
      3,000 SF

      9711 101st Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      9711 101st Ave, Jamaica, NY 11416-2523
      View Details
    • Value Estimation by Request
      2,400 SF

      8405 101st Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      8405 101st Ave, Jamaica, NY 11416-2017
      View Details

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      Ozone Park Mixed-Use Investment

      Income-producing property with storefront and residential units in Ozone Park.
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    • $1,250,000
      0.05 Acres

      Mixed-Use Property in Ozone Park

      Mix-use property with apartments and storefront in Ozone Park.
      8620 101St Ave, Ozone Park, NY 11416
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    Similar Nearby for Lease

    • Contact for pricing

      Accessible Basement Space in Queens

      Versatile basement space in a newly constructed, accessible building.
      91-15 101St Ave, Ozone Park, NY 11416
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    • Contact for pricing
      2,480 SF

      Retail Space in Ozone Park

      Grocery anchored shopping center with parking and high traffic.
      92-10 Atlantic Ave, Ozone Park, NY 11416
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    • Contact for pricing
      7,800 SF

      Retail Space with Dedicated Parking

      Retail space with high traffic and dedicated parking available for rent.
      10202-10234 Atlantic Ave, Ozone Park, NY 11416
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    • Contact for pricing
      6,000 SF

      Ozone Park Warehouse Space

      6,000 SF warehouse space available for rent.
      9720 99Th St, Ozone Park, NY 11416
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    • Contact for pricing
      40,000 SF

      Ozone Park Office Space

      40000 SF office space available for rent.
      10148 95Th St, Ozone Park, NY 11416
      View Details
    • Contact for pricing
      6,000 SF

      Ozone Park Warehouse Space Available

      6,000 SF warehouse with street-to-street access for lease.
      9516 101St St, Ozone Park, NY 11416
      View Details
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    10032 Atlantic Ave
    Jamaica, NY 11416-1727
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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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