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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Apartment buildings
10905 120th St, Jamaica, NY 11420-1349
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5764412
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
18,700 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R4
APN
11601-0001
UPID
US63-5764412
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
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
109-05 120th Street Member Sub, LLC · 4 yrs held
109-05 120th Street Member Sub, LLC
since 2021
7 recorded transactions
Zoning & alternative use
R4 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+22.0%
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)
$4,535,000
Current use
COMMERCIAL (GENERAL)
$5,535,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±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
$181 / 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
$129,339
Tax year 2024
Assessed value
$1,034,550
Assessed 2024
Previous assessed
$1,027,350
+0.7% YoY
Effective rate
12.50%
On assessed value
Assessed land
$40,500
Assessed improvement
$994,050
Land market value
$90,000
Improvement market value
$2,209,000
Total market value
$2,299,000
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
1930
Heating
NONE
Buildings
1
Stories
4
Units
27
Total area
18,700 SF
Lot
0.14 ac (6,000 SF)
Zoning code
R4
APN
11601-0001
UPID
US63-5764412
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Jamaica, NY
Zoning R4 · permitted uses
R4 · 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
$4.5M
COMMERCIAL (GENERAL)
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1930
Heating
NONE
Stories
4
Buildings
1
Units
27
Lot
0.14 ac
Current owner
From public records · entity-resolved
109-05 120th Street Member Sub, LLC
Entity
Mailing address
40 W 57TH ST FL #17, NEW YORK, NY 10019-4001
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
109-05 120th Street Member Sub, LLC
109-05 120th Street, INC.
Deed
—
May 27, 2016
—
109-05 120th Street LLC
—
Deed
related
$33,000,000 · Manufacturers & Traders Tr
May 25, 2016
$5,981,070
109-05 120th Street LLC
Qpii-109-05 120 Street LLC
Deed
—
May 15, 2013
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$10,150,000 · Prudential Ind'l Props LLC
Mar 22, 2011
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$147,746,835 · Prudential Industrial Props Ll
Mar 1, 2011
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$10,000,000 · Prudential Ind'l Props LLC
Feb 15, 2008
$5,000,000
Qpii-109-05 120 Street LLC
V & V Realty LLC
Grant Deed
$1,805,108 · Prudential Insurance Co
—
—
Qpii-109-05 120 Street LLC
—
Deed Of Trust
related
$4,886,723 · Prudential Ind'l Props LLC
—
—
Qpii-109-05 120 Street LLC
—
Deed Of Trust
related
$2,916,667 · Prudential Ind'l Props LLC
—
—
109-05 120th Street LLC
—
Loan Modification, Consolidation And Extension
related
$33,000,000 · Manufacturers & Traders Tr
—
—
Qpii 109-05 120 Street LLC
—
Loan Modification
related
$1,140,000 · New York Community Bank
—
—
Qpii-102-43/45 Corona Ave Ll
—
Loan Modification
related
$7,308,530 · Prudential Ind'l Props LLC
—
—
102-43 45 Corona Avenue LLC
—
Deed Of Trust
related
$175,000,000 · Prudential Insurance Co
—
—
Qpii-109-05 120 St LLC
—
Deed Of Trust
related
$2,916,667 · Prudential Insurance Co
—
—
Qpii-109-05 120 Street LLC
—
Deed Of Trust
related
$2,499,384 · Prudential Ind'l Props LLC
—
—
Qpii-102-43/45 Corona Ave Ll
—
Loan Modification
related
$107,644 · Prudential Ind'l Props LLC
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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