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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Investment properties
122-01 College Pt Blvd, Jamaica, NY 11420
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-3738990
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
5,224 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R3A
APN
03945-0056
UPID
US63-3738990
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
$1.04M
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$765k
Owner & transaction history
12203 7th Avenue INC · 11 yrs held
12203 7th Avenue INC
since 2015
6 recorded transactions
Zoning & alternative use
R3A · 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%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,265,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$146 / 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
$9,271
Tax year 2024
Assessed value
$103,260
Assessed 2024
Previous assessed
$43,546
+137.1% YoY
Effective rate
8.98%
On assessed value
Assessed land
$15,900
Assessed improvement
$87,360
Land market value
$265,000
Improvement market value
$1,456,000
Total market value
$1,721,000
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
5,224 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R3A
APN
03945-0056
UPID
US63-3738990
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Jamaica, NY
Zoning R3A · permitted uses
R3A · 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)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
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
3
Buildings
1
Units
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
12203 7th Avenue INC
Entity
Mailing address
9450 42ND AVE, ELMHURST, NY 11373-2850
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
12203 7th Avenue INC.
—
Deed
related
$482,342 · A&d Mortgage LLC
Jan 13, 2015
$940,000
12203 7th Avenue INC
Choi,chong J
Grant Deed
$540,000 · Hm Capital Partners Ltd
Jan 7, 2015
—
12203 7th Avenue INC
—
Trustees Deed
related
$540,000 · Hm Capital Partners Ltd
Oct 2, 2007
$940,000
Zhen A Sun
Kim,kun K & Won K
Grant Deed
$600,000 · United International Bank
Nov 2, 2005
$780,000
Kwon Kim Kun
Jae Sok Choi
Deed
$507,000 · Flushing Savings Bank
—
—
12203 7th Avenue INC
—
Loan Modification, Consolidation And Extension
related
$705,000 · Bcb 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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