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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Apartment buildings
10326 123rd St, Jamaica, NY 11419-2128
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2443491
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
5,958 SF
Lot
0.14 ac (6,270 SF)
Zoning code
R4-1
APN
09559-0020
UPID
US63-2443491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.12M
Owner & transaction history
Queens Ventures Ny LLC · 2 yrs held
Queens Ventures Ny LLC
since 2023
7 recorded transactions
Zoning & alternative use
R4-1 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Current use
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,012
Tax year 2024
Assessed value
$302,940
Assessed 2024
Previous assessed
$164,017
+84.7% YoY
Effective rate
7.27%
On assessed value
Assessed land
$8,100
Assessed improvement
$294,840
Land market value
$18,000
Improvement market value
$655,200
Total market value
$673,200
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
8
Total area
5,958 SF
Lot
0.14 ac (6,270 SF)
Zoning code
R4-1
APN
09559-0020
UPID
US63-2443491
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Jamaica, NY
Zoning R4-1 · permitted uses
R4-1 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Buildings
1
Units
8
Lot
0.14 ac
Current owner
From public records · entity-resolved
Queens Ventures Ny LLC
Entity
Free & Clear · 2 yrs held
Mailing address
10326 123RD ST, SOUTH RICHMOND HILL, NY 11419-2128
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2023
—
Queens Ventures Ny LLC
103 26-28 123rd LLC
Deed
—
Feb 27, 2020
$1,100,000
103 26-28 123rd LLC
Richmond Hill 123 Corp
Grant Deed
$1,100,000 · Bridge Business Advisor LLC
Nov 12, 2019
$375,000
Richmond Hill 123 Corp
Eddie German
Grant Deed
—
Nov 12, 2019
—
Eddie German
Richmond Hill 123 Corp
Quit Claim Deed
—
Mar 13, 2019
$10,000
Richmond Hill 123 Corp
Berg,neal
Grant Deed
—
Feb 28, 2018
$25,000
Neal Berg
Gursim Holding INC
Grant Deed
—
May 16, 2016
—
Gursim Holding INC
Gursim Holding INC
Quit Claim Deed
related
—
May 14, 2013
$1,000
Allstate Funding Eagles
German,eddie
Grant Deed
—
Oct 7, 2005
$650,000
Eddie German
Arlene G Persaud
Deed
$520,000 · Long Beach Mortgage Co
Aug 18, 2005
$650,000
Eddie German
Dhaneshwar T Munna
Deed
$487,500 · Professional Mortgage Bankers Corp
Mar 10, 2005
$680,000
Arlene G Persaud
Basdeo Chetram
Deed
—
Dec 2, 2004
$679,000
Dhaneshwar T Munna
Chetram,basdeo
Grant Deed
$645,050 · Cit Group Consumer Fin INC Ny
Feb 18, 2004
$375,000
Chetram Basdeo
Lakehraney,kooma
Grant Deed
$300,000 · Ameritrust Mortgage Bankers
Jan 20, 2004
$375,000
Basdeo Chetram
Kooma,lakehraney & Rohan
Grant Deed
$300,000 · Ameritrust Mortgage Bankers
—
—
Rodney Kooma
—
Deed Of Trust
related
$40,000 · Fhb Funding Corp
—
—
Eddie German
—
Deed Of Trust
related
$65,000 · Arlene G Persaud
—
—
Rodney Kooma
—
Deed Of Trust
related
$55,000 · Fhb Funding Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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