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Property profile & analytics
OFF-MARKET
Estimated value
$15,470,000
Apartment buildings
14130 Pershing Cres, Jamaica, NY 11435-1952
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1243855
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Total area
109,500 SF
Lot
0.84 ac (36,700 SF)
Zoning code
R6A
APN
09715-0146
UPID
US63-1243855
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
-
GMZ Buyers (Bike/Boat/Book/etc) Store
-
Pershing Crescent Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.19M
Blend (final)
Blend
$15.47M
Owner & transaction history
Pershing Crescent Apts Co LP · 5 yrs held
Pershing Crescent Apts Co LP
since 2021
7 recorded transactions
Zoning & alternative use
R6A · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.47M
Range $13.92M – $17.02M · ±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
$141 / 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
$448,013
Tax year 2024
Assessed value
$3,864,600
Assessed 2024
Previous assessed
$3,417,660
+13.1% YoY
Effective rate
11.59%
On assessed value
Assessed land
$825,750
Assessed improvement
$3,038,850
Land market value
$1,835,000
Improvement market value
$6,753,000
Total market value
$8,588,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Heating
NONE
Buildings
1
Stories
6
Units
108
Total area
109,500 SF
Lot
0.84 ac (36,700 SF)
Zoning code
R6A
APN
09715-0146
UPID
US63-1243855
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Jamaica, NY
Zoning R6A · permitted uses
R6A · 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.
Building & site characteristics
From public records
Year built
1949
Heating
NONE
Stories
6
Buildings
1
Units
108
Lot
0.84 ac
Current owner
From public records · entity-resolved
Pershing Crescent Apts Co LP
Entity
Mailing address
40 RANDALL AVE, FREEPORT, NY 11520-2709
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
Pershing Crescent Apts Co LP
—
Deed
related
$21,500,000 · Orix R/e Cap
Jan 9, 2018
—
Pershing Crescent Apartments Compan
—
Deed
related
$2,500,000 · Signature Bank
Jun 15, 2016
—
35th Avenue Apartments Co LP
—
Deed
related
$8,375,000 · Signature Bk
Jun 9, 2016
—
Gold Seal Co LP
—
Deed
related
$12,300,000 · Signature Bk
May 27, 2016
—
Pershing Crescent Apartments C
—
Deed
related
$11,600,000 · Signature Bk
May 18, 2016
—
Queens Penn Co LP
—
Deed
related
$9,425,000 · Signature Bk
May 11, 2016
—
Queens Cedarcroft Co LP
—
Deed
related
$7,750,000 · Signature Bk
Jan 18, 2012
—
35th Avenue Apartments Co
—
Grant Deed
related
$37,500,000 · New York Community Bank
May 13, 2010
—
35th Avenue Apartments Co LP
—
Deed Of Trust
related
$46,230,000 · New York Community Bank
Apr 30, 2008
—
35th Avenue Apartments Co
—
Deed Of Trust
related
$19,003,032 · New York Community Bank
—
—
35th Avenue Apartments Co LP
—
Loan Modification, Consolidation And Extension
related
$8,375,000 · Signature Bk
—
—
Queens Cedarcroft Co LP
—
Loan Modification, Consolidation And Extension
related
$7,750,000 · Signature Bk
—
—
Queens Penn Co LP
—
Loan Modification, Consolidation And Extension
related
$9,425,000 · Signature Bk
—
—
Pershing Crescent Apartments C
—
Loan Modification
related
$36,035,076 · New York Cmnty Bk
—
—
Gold Seal Co LP
—
Loan Modification, Consolidation And Extension
related
$12,300,000 · Signature Bk
—
—
Pershing Crescent Apartments C
—
Loan Modification, Consolidation And Extension
related
$11,600,000 · Signature Bk
—
—
Pershing Crescent Apts Co LP
—
Loan Modification
related
$21,500,000 · Orix R/e Cap
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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