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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Investment properties
12801 Merrick Blvd Jamaica, NY 11434-3423
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-0783150
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Total area
11,121 SF
Lot
0.19 ac (8,407 SF)
Zoning code
R5D
APN
12489-0007
UPID
US63-0783150
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
$2.20M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.99M
Owner & transaction history
55-57 Avenue D Realty Corp · 14 yrs held
55-57 Avenue D Realty Corp
since 2012
7 recorded transactions
Zoning & alternative use
R5D · 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%
$2,385,000
6.5%
$2,200,000
7%
$2,045,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,700,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$178 / 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
$68,169
Tax year 2024
Assessed value
$687,600
Assessed 2024
Previous assessed
$640,710
+7.3% YoY
Effective rate
9.91%
On assessed value
Assessed land
$186,750
Assessed improvement
$500,850
Land market value
$415,000
Improvement market value
$1,113,000
Total market value
$1,528,000
Applied tax rate
4.0000
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
11,121 SF
Lot
0.19 ac (8,407 SF)
Zoning code
R5D
APN
12489-0007
UPID
US63-0783150
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Jamaica, NY
Zoning R5D · permitted uses
R5D · 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
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
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
2007
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
55-57 Avenue D Realty Corp
Entity
Mailing address
55 CHERRY LN, CARLE PLACE, NY 11514-1770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jul 8, 2019
—
55-57 Avenue D Realty Corp
—
Deed
related
$1,900,000 · Flushing Bk
May 25, 2012
$2,500,000
55-57 Avenue D Realty Corp
128 Merrick Realty LLC
Grant Deed
—
Aug 30, 2007
—
128 Merrick Realty LLC
128 Merrick Realty LLC
Quit Claim Deed
related
$1,600,000 · Intervest National Bank
May 18, 2006
—
128 Merrick Realty LLC
—
Trustees Deed
related
$320,000 · Aram Nigogosian
Mar 3, 2006
$950,000
128 Merrick Realty LLC
Harris,henry
Grant Deed
—
—
—
55-57 Avenue D Realty Corp
—
Deed Of Trust
related
$400,000 · Savoy Bk
—
—
55-57 Avenue D Realty Corp
—
Loan Modification
related
$1,700,000 · Savoy Bk
—
—
55-57 Avenue D Realty Corp
—
Deed Of Trust
related
$1,600,000 · 128-01 Merrick Funding Assocs
—
—
55-57 Avenue D Realty Corp
—
Loan Modification
related
$1,900,000 · Flushing Bk
—
—
55-57 Avenue D Realty Corp
—
Deed Of Trust
related
$380,461 · Flushing Bk
—
—
128 Merrick Realty LLC
—
Deed Of Trust
related
$1,750,000 · Signature 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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