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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Warehouses
1102 37th Ave, Long Island City, NY 11101-6027
Entity Owned
~
Est. High Equity
Property ID
US63-6004280
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
15,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
M1-3
APN
00361-0018
UPID
US63-6004280
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
Current use
Occupant on record · Public records
-
Summit Sflic General Contractor Construction Company
-
Nestor Shipping Services Freight Service Logistics Company
-
Metro Heating pro Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.57M
Owner & transaction history
Maxxpower LLC
Maxxpower LLC
since 2026
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
M1-3 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+33.2%
Apartment house (5+ units)
$5.6M
+31.9%
Industrial (general)
$5.0M
+18.5%
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 Long Island City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Island City 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
$3,395,000
ML approach
$3,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,245,000
Current use
COMMERCIAL (GENERAL)
$5,655,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,600,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,030,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$3,455,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.57M
Range $3.21M – $3.92M · ±10% · vs last sale $4.90M (Feb 11 2026)
Last sale anchor
$4.90M
Feb 11 2026
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
$238 / 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
$55,081
Tax year 2024
Assessed value
$594,450
Assessed 2024
Previous assessed
$483,390
+23.0% YoY
Effective rate
9.27%
On assessed value
Assessed land
$270,000
Assessed improvement
$324,450
Land market value
$600,000
Improvement market value
$721,000
Total market value
$1,321,000
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
15,000 SF
Lot
0.17 ac (7,500 SF)
Zoning code
M1-3
APN
00361-0018
UPID
US63-6004280
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-3 · Long Island City, NY
Zoning M1-3 · permitted uses
M1-3 · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Island City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1986
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Maxxpower LLC
Entity
Mailing address
2519 BORDEN AVE STE #201, LONG ISLAND CITY, NY 11101-4406
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
$4,900,000
Maxxpower LLC
Astor 2, LLC
Deed
—
Apr 24, 2023
$4,600,000
Astor 2, LLC
11-02 37th Avenue LLC
Deed
$3,700,000 · Cummins & Esmond LLC
Mar 23, 2017
—
11-02 37th Avenue LLC
New York Black Car Operators' Injur
Deed
—
Mar 11, 2016
$8,100,000
Ny Black Car Operators' Injury Comp
Ldb Lic LLC
Deed
$6,000,000 · Valley National Bank
Jan 4, 2016
—
Pv Lice LLC
Hunter Realty Holdings LLC
Grant Deed
—
Feb 17, 2005
$1,789,854
Hunter Realty Holdings LLC
Penlic LLC
Grant Deed
—
—
—
Hunter Realty Holdings LLC
—
Deed Of Trust
related
$1,216,043 · General Electric Capital Corp
—
—
Hunter Rlty Holdings LLC
—
Deed Of Trust
related
$2,700,000 · General Electric Capital Corp
—
—
Hunter Realty Holdings LLC
—
Deed Of Trust
related
$720,000 · Empire State Certified Dev
—
—
Hunter Holdings LLC
—
Deed Of Trust
related
$900,000 · New York Business Dev 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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