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Property profile & analytics
OFF-MARKET
Estimated value
$9,855,000
Retail residential properties
12422 Queens Blvd, Jamaica, NY 11415-2726
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0841201
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2018
Total area
51,142 SF
Lot
0.18 ac (7,700 SF)
Zoning code
C4-4
APN
03359-0021
UPID
US63-0841201
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
-
Kew Gardens Emergency Plumbing and Heating . General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.13M
Comparable Approach
Comparable
$10.88M
Blend (final)
Blend
$9.86M
Owner & transaction history
Luciano LLC · 10 yrs held
Luciano LLC
since 2015
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%
$10,970,000
6.5%
$10,125,000
7%
$9,405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,940,000
Current use
Blend value · Realmo final
$9.86M
Range $8.87M – $10.84M · ±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
$193 / 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
$618,511
Tax year 2024
Assessed value
$4,947,300
Assessed 2024
Previous assessed
$3,922,920
+26.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$519,750
Assessed improvement
$4,427,550
Land market value
$1,155,000
Improvement market value
$9,839,000
Total market value
$10,994,000
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
2018
Heating
NONE
Buildings
1
Stories
12
Units
34
Total area
51,142 SF
Lot
0.18 ac (7,700 SF)
Zoning code
C4-4
APN
03359-0021
UPID
US63-0841201
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
$15.9M
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
2018
Heating
NONE
Stories
12
Buildings
1
Units
34
Lot
0.18 ac
Current owner
From public records · entity-resolved
Luciano LLC
Entity
Mailing address
40 CUTTERMILL RD STE #504, GREAT NECK, NY 11021-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2017
—
Luciano LLC
—
Grant Deed
related
$8,600,000 · Preferred Bk
Jul 10, 2015
$6,500,000
Luciano LLC
Mapmp LLC
Grant Deed
—
Jul 10, 2015
—
Mapmp LLC
12422 Queens Blvd LLC
Grant Deed
—
Mar 30, 2001
$1,200,000
12422 Queens Boulevard LLC
Meadow Village Associates Ltd
Grant Deed
$918,750 · Astoria Federal S&l Assn
—
—
Luciano LLC
—
Loan Modification, Consolidation And Extension
related
$2,500,000 · Cathay Bk
—
—
12422 Queens Blvd LLC
—
Deed Of Trust
related
$440,534 · New York Community Bank
—
—
12422 Queens Blvd LLC
—
Deed Of Trust
related
$1,400,000 · New York Community Bank
—
—
12422 Queens Blvd LLC
—
Deed Of Trust
related
$342,987 · Astoria Federal S&l Assn
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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