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1119 154Th St,Unit 1F, Whitestone, NY 11357
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Property summary
AI-generated overview
The property is a specialty commercial space located at 1119 154th Street #1F in Whitestone, New York. Based on the provided information, the interior layout, building finishes, and any additional building or operational amenities are not specified and should be treated as unknown. The space is configured for commercial use consistent with specialty occupancy; however, the current unit configuration and any on-site features are not detailed in the available description.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
2,760 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R2A
APN
04547-0133
UPID
US63-2127955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$1.12M
Owner & transaction history
since 2021
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
R2A · Flushing, NY
Top alternative use upside
Office building
$1.9M
+89.0%
Warehouse, storage
$1.4M
+42.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 84 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.12M
Value range
$1.00M – $1.23M
±10% around blend
Estimated value / SF
$404 / SF
Confidence
High
84 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$1.00M
blend $1.12M
$1.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,760 SF
Lot area
0.05 ac
Year built
1950
Stories
3
APN
04547-0133
Zoning
R2A
Assessed value
$91,200
Annual tax
$8,516
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.13M
Weighted, 20 comps · high confidence
Evidence
84 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 3,204 SF
2.7 mi away · 3,564 SF
3.0 mi away · 2,572 SF
3.8 mi away · 2,232 SF
4.0 mi away · 2,343 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$360
+12%
Submarket 1035 sales
$450
-10%
County 1912 sales
$386
+5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $404/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+89%
vs current-use indication
Warehouse, Storage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 84 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this other investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$88k *
Last sale · Sep 2021
$1.26M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.76M
Move the market yield to see immediate price impact.
Value / SF
$999
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$79k
$2.94M
$2.48M
$2.15M
$88k
$3.27M
$2.76M
$2.38M
$97k
$3.59M
$3.03M
$2.62M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
84 found
High confidence · county-verified
Closest comparable
$1.71M
1.7 mi · Jan 2026 · $538/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,516
Tax year 2024
Assessed value
$91,200
Assessed 2024
Previous assessed
$40,003
+128.0% YoY
Effective rate
9.34%
On assessed value
Assessed land
$14,940
Assessed improvement
$76,260
Land market value
$249,000
Improvement market value
$1,271,000
Total market value
$1,520,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1950
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
2,760 SF
Lot
0.05 ac (2,000 SF)
Zoning code
R2A
APN
04547-0133
UPID
US63-2127955
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R2A · Flushing, NYZoning R2A · permitted uses
R2A · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R2A
Jurisdiction
Flushing, NY
Recorded code
R2A
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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