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Property profile & analytics
OFF-MARKET
Apartment buildings
11921 Metropolitan Ave, Jamaica, NY 11415-2649
Entity Owned
~
Est. High Equity
Property ID
US63-6225239
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
58,300 SF
Lot
0.48 ac (21,057 SF)
Zoning code
R6B
APN
09230-0074
UPID
US63-6225239
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
-
EPSJ Construction Corporation Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
A&e Aerep II Acquisition, LLC
A&e Aerep II Acquisition, LLC
since 2025
Last sale
$840.8M
7 recorded transactions
Zoning & alternative use
R6B · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$282,477
Tax year 2024
Assessed value
$2,376,900
Assessed 2024
Previous assessed
$2,248,958
+5.7% YoY
Effective rate
11.88%
On assessed value
Assessed land
$284,400
Assessed improvement
$2,092,500
Land market value
$632,000
Improvement market value
$4,650,000
Total market value
$5,282,000
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
1931
Heating
NONE
Buildings
1
Stories
4
Units
60
Total area
58,300 SF
Lot
0.48 ac (21,057 SF)
Zoning code
R6B
APN
09230-0074
UPID
US63-6225239
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Jamaica, NY
Zoning R6B · permitted uses
R6B · 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.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
4
Buildings
1
Units
60
Lot
0.48 ac
Current owner
From public records · entity-resolved
A&e Aerep II Acquisition, LLC
Entity
Mailing address
40 W 57TH ST FL #17, NEW YORK, NY 10019-4001
Ownership since
2025
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
Dec 10, 2025
$61,492,235
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Dec 9, 2025
—
The Ucla Foundation
A&e Aerep II Acquisition, LLC
Deed
—
Dec 9, 2025
$6,309,598
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Sep 23, 2025
$840,755,347
A&e Sre Aerep II Sub, LLC
A&e Real Estate Partnership II, LLC
Deed
—
Feb 17, 2021
$14,232,075
Metropolitan Portfolio Vi Ventures,
Eae Ventures III, LLC
Deed
—
Feb 4, 2021
$596,509,933
Harvard Private Capital Realty, INC
Atlantic Wfh Investor, LLC
Deed
—
Feb 4, 2021
$18,191,358
Metropolitan Portfolio Vi Ventures,
Atlantic Wfh Investor, LLC
Deed
—
Feb 4, 2021
$62,036,986
Metropolitan Portfolio Vi Ventures,
Eae Ventures III, LLC
Deed
—
Feb 4, 2021
$147,016
Eae Atlantic II, INC.
Eae Ventures III, LLC
Deed
—
Nov 30, 2016
—
119-21 Metropolitan Avenue Hol
—
Deed
related
$9,750,000 · Signature Bk
Dec 20, 2013
$9,206,708
119-21 Metropolitan Avenue Hol
Qpi-xxxi LLC
Grant Deed
$6,700,000 · Signature Bank
Oct 31, 2006
$5,931,671
Qpi-xxxi LLC
119-21 Metropolitan Ave LLC
Grant Deed
—
—
—
119-21 Metropolitan Ave Hldg
—
Loan Modification
related
$172,784,160 · Signature Bk
—
—
Qpi-i LLC
—
Deed Of Trust
related
$18,915,840 · Wells Fargo Bk N #2006-c5 (ce)
—
—
Fargo Bk NA Wells
—
Loan Modification
related
$192,000,000 · Wells Fargo Bank
—
—
119-21 Metropolitan Avenue Hol
—
Loan Modification
related
$9,750,000 · Signature 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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