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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Investment properties
1221 Astoria Blvd, Long Island City, NY 11102-3695
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-2789035
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
5,218 SF
Lot
0.06 ac (2,424 SF)
Zoning code
R6B
APN
00511-0002
UPID
US63-2789035
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
by Request
Blend (final)
Blend
$955k
Owner & transaction history
12-21 Partners Corp · 21 yrs held
12-21 Partners Corp
since 2004
7 recorded transactions
Zoning & alternative use
R6B · Long Island City, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$183 / 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
$16,808
Tax year 2024
Assessed value
$513,000
Assessed 2024
Previous assessed
$126,906
+304.2% YoY
Effective rate
3.28%
On assessed value
Assessed land
$201,600
Assessed improvement
$311,400
Land market value
$448,000
Improvement market value
$692,000
Total market value
$1,140,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
4
Units
6
Total area
5,218 SF
Lot
0.06 ac (2,424 SF)
Zoning code
R6B
APN
00511-0002
UPID
US63-2789035
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Long Island City, NY
Zoning R6B · permitted uses
R6B · 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.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
4
Buildings
1
Units
6
Lot
0.06 ac
Current owner
From public records · entity-resolved
12-21 Partners Corp
Entity
Mailing address
1221 ASTORIA BLVD, LONG ISLAND CITY, NY 11102-3695
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2017
—
12-21 Partners Corp
—
Loan Modification, Consolidation And Extension
related
$1,985,000 · Ponce Bk
Oct 18, 2016
—
12-21 Partners Corp
—
Trustees Deed
related
$550,000 · 12-21 Astoria Debt LLC
Oct 13, 2016
—
12-21 Partners Corp
—
Deed
related
$288,405 · 12-21 Astoria Debt LLC
Aug 26, 2004
$995,000
12-21 Partners Corp
Platsa Realty Corp
Grant Deed
$595,000 · Platsa Realty Corp
Mar 6, 2001
$430,000
Platsa Realty Corp
Smyrniotopoulos,kyriakos
Grant Deed
$285,000 · Kyriakos Smyrniotopoulos
—
—
12-21 Partners Corp
—
Deed Of Trust
related
$900,000 · La Jolla Bank
—
—
12-21 Partners Corp
—
Deed Of Trust
related
$875,000 · Lyons Mortgage Services INC
—
—
12-21 Partners Corp
—
Deed Of Trust
related
$288,405 · 12-21 Astoria Debt LLC
—
—
12-21 Partners Corp
—
Loan Modification, Consolidation And Extension
related
$1,100,000 · 12-21 Astoria Debt LLC
—
—
12-21 Partners Corp
—
Deed Of Trust
related
$335,000 · Ponce Bk
—
—
12-21 Partners Corp
—
Deed Of Trust
related
$544,840 · La Jolla Bank
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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