New search
Property profile & analytics
OFF-MARKET
Estimated value
$37,590,000
Retail residential properties
12360 83rd Ave, Jamaica, NY 11415-3452
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1455134
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1960
Total area
196,393 SF
Lot
0.83 ac (36,165 SF)
Zoning code
C4-4
APN
09631-0241
UPID
US63-1455134
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
-
Schulman Edwin Ira Law Firm
-
Duru & Associates Law Firm
-
Shevrin Howard Law Firm
-
Borg Harold Law Firm
-
Dufault Peter Scott Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.89M
Comparable Approach
Comparable
$46.07M
Blend (final)
Blend
$37.59M
Owner & transaction history
Cadillac Leasing Limited Partnershi · 4 yrs held
Cadillac Leasing Limited Partnershi
since 2021
7 recorded transactions
Zoning & alternative use
C4-4 · 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%
$42,125,000
6.5%
$38,885,000
7%
$36,110,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$61,205,000
Current use
Blend value · Realmo final
$37.59M
Range $33.83M – $41.35M · ±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
$191 / 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
$1,452,427
Tax year 2024
Assessed value
$12,648,600
Assessed 2024
Previous assessed
$11,176,290
+13.2% YoY
Effective rate
11.48%
On assessed value
Assessed land
$1,708,650
Assessed improvement
$10,939,950
Land market value
$3,797,000
Improvement market value
$24,311,000
Total market value
$28,108,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
11
Units
217
Total area
196,393 SF
Lot
0.83 ac (36,165 SF)
Zoning code
C4-4
APN
09631-0241
UPID
US63-1455134
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Jamaica, NY
Zoning C4-4 · permitted uses
C4-4 · 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
COMMERCIAL (GENERAL) Current
Est. value
$61.2M
COMMERCIAL (GENERAL) Current
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
1960
Heating
NONE
Stories
11
Buildings
1
Units
217
Lot
0.83 ac
Current owner
From public records · entity-resolved
Cadillac Leasing Limited Partnershi
Individual
Mailing address
12360 83RD AVE, JAMAICA, NY 11415-3452
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 30, 2021
—
Cadillac Leasing Limited Partnershi
—
Deed
related
$652,747 · Td Bank, N.a.
Oct 31, 2017
—
Cadillac Leasing Limited Partnershi
—
Deed
related
$6,000,000 · Jpmorgan Chase Bank NA
Oct 6, 2010
—
Cadillac Leasing LP
—
Deed Of Trust
related
$7,500,000 · J P Morgan Chase Bank
—
—
Cadillac Leasing LP
—
Deed Of Trust
related
$264,980 · J P Morgan Chase Bank
—
—
Cadillac Leasing LP
—
Loan Modification, Consolidation And Extension
related
$17,650,000 · Jp Morgan Chase Bk
—
—
Cadillac Leasing LP
—
Loan Modification
related
$11,110,000 · J P Morgan Chase Bank
—
—
Cadillac Leasing LP
—
Deed Of Trust
related
$7,500,000 · J P Morgan Chase 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12360 83rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
