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Property profile & analytics
FOR LEASE
Office buildings
139-27 Queens Blvd, Briarwood, NY 11435
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5661132
For Lease
1 / 7
$3,000/Mo
139-27 Queens Blvd, Briarwood, NY 11435
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1939
Total area
1,800 SF
Lot
0.01 ac (600 SF)
Zoning code
C4-3A
APN
09626-0074
UPID
US63-5661132
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
$755k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$750k
Owner & transaction history
Smg Funding Corp · 3 yrs held
Smg Funding Corp
since 2023
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
C4-3A · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$800,000
+20.5%
Retail stores
$775,000
+16.3%
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 Briarwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Briarwood 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
$740,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$665,000
Current use
WAREHOUSE, STORAGE
$800,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$650,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Mar 16 2023)
Last sale anchor
$750k
Mar 16 2023
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
$417 / 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
$13,651
Tax year 2024
Assessed value
$132,750
Assessed 2024
Previous assessed
$126,450
+5.0% YoY
Effective rate
10.28%
On assessed value
Assessed land
$27,000
Assessed improvement
$105,750
Land market value
$60,000
Improvement market value
$235,000
Total market value
$295,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1939
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
1,800 SF
Lot
0.01 ac (600 SF)
Zoning code
C4-3A
APN
09626-0074
UPID
US63-5661132
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3A · Jamaica, NY
Zoning C4-3A · permitted uses
C4-3A · 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
OFFICE BUILDING Current
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$800,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$650,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1939
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.01 ac
Current owner
From public records · entity-resolved
Smg Funding Corp
Entity
Mailing address
13927 QUEENS BLVD, JAMAICA, NY 11435-2925
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$750,000
Smg Funding Corp
Lre Queens Realty LLC
Foreclosure
related
$460,000 · Ponce Bank
May 19, 2022
$499,000
Lre Queens Realty LLC
Rlm Equities LLC
Deed
—
Jan 20, 2016
—
Rlm Equities LLC
Hershco,yaron
Grant Deed
$375,000 · Private Individual
—
—
Yaron Hershco
—
Deed Of Trust
related
$300,000 · Sandra Barkley
—
—
Yaron Hershco
—
Deed Of Trust
related
$195,000 · Maspeth Federal Savings & Loan
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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