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Property profile & analytics
OFF-MARKET
Estimated value
$7,905,000
Apartment buildings
11920 Un Tpke Jamaica, NY 11415-1162
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1217293
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Total area
54,545 SF
Lot
0.56 ac (24,400 SF)
Zoning code
R5
APN
03348-0021
UPID
US63-1217293
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
$9.57M
Blend (final)
Blend
$7.91M
Owner & transaction history
Leagem Partners LLC · 8 yrs held
Leagem Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
R5 · 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
Blend value · Realmo final
$7.91M
Range $7.11M – $8.70M · ±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
$145 / 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
$191,303
Tax year 2024
Assessed value
$1,670,400
Assessed 2024
Previous assessed
$1,504,703
+11.0% YoY
Effective rate
11.45%
On assessed value
Assessed land
$360,000
Assessed improvement
$1,310,400
Land market value
$800,000
Improvement market value
$2,912,000
Total market value
$3,712,000
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
1926
Heating
NONE
Buildings
1
Stories
4
Units
58
Total area
54,545 SF
Lot
0.56 ac (24,400 SF)
Zoning code
R5
APN
03348-0021
UPID
US63-1217293
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Jamaica, NYZoning R5 · permitted uses
R5 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Stories
4
Buildings
1
Units
58
Lot
0.56 ac
Current owner
From public records · entity-resolved
Leagem Partners LLC
Entity
Mailing address
11920 UN TPKE, JAMAICA, NY 11415-1162
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2020
—
Leagem Partners LLC
—
Deed
related
$9,505,807 · New York Community Bank
Nov 22, 2017
$16,000,000
Leagem Partners LLC
Dikran Properties LLC
Grant Deed
$3,800,000 · People's United Bk
Nov 22, 2017
—
Donald Agababian
Dikran Properties LLC
Grant Deed
related
$36,000,000 · People's United Bk
Jul 6, 2005
$2,132,500
Dikran Properties LLC
Barsamian,alice
Grant Deed
$3,875,000 · Nomura Credit & Capital INC
Jul 6, 2005
—
Alice Barsamian
Barsamian,alice
Quit Claim Deed
related
—
—
—
Dikran Properties LLC
—
Loan Modification, Consolidation And Extension
related
$4,250,000 · Jp Morgan Chase Bk
—
—
Leagem Partners LLC
—
Loan Modification
related
$48,955,000 · New York Cmnty Bk
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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