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Property profile & analytics
FOR SALE
Apartment buildings
1418 31St Ave Astoria, NY 11106
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-6200759
For Sale
$6,500,000
1418 31St Ave, Astoria, NY 11106
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
4,591 SF
Lot
0.05 ac (2,200 SF)
Zoning code
R6B
APN
00533-0031
UPID
US63-6200759
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
Delta Bldrs & Developers INC · 11 yrs held
Delta Bldrs & Developers INC
since 2015
7 recorded transactions
Zoning & alternative use
R6B · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+8.7%
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 Astoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Astoria 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,300,000
Current use
WAREHOUSE, STORAGE
$1,415,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$208 / 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
$715
Tax year 2024
Assessed value
$479,520
Assessed 2024
Previous assessed
$599,400
-20.0% YoY
Effective rate
0.15%
On assessed value
Assessed land
$39,600
Assessed improvement
$439,920
Land market value
$88,000
Improvement market value
$977,600
Total market value
$1,065,600
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
For Sale
Year built
2015
Heating
NONE
Buildings
1
Stories
4
Units
6
Total area
4,591 SF
Lot
0.05 ac (2,200 SF)
Zoning code
R6B
APN
00533-0031
UPID
US63-6200759
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Long Island City, NY
Zoning R6B · permitted uses
R6B · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Island City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
2015
Heating
NONE
Stories
4
Buildings
1
Units
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
Delta Bldrs & Developers INC
Entity
Free & Clear · 11 yrs held
Mailing address
7122 CALAMUS AVE, WOODSIDE, NY 11377-7626
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
Jan 23, 2015
$700,000
Delta Bldrs & Developers INC
View 31 Realty Associates LLC
Grant Deed
—
May 10, 2013
$600,000
View 31 Realty Associates LLC
14-18 31 Ave LLC
Grant Deed
$400,000 · Fulvio V Dobrich
Sep 29, 2010
—
14-18 31 Ave LLC
Dsb Construction LLC
Grant Deed
—
Oct 1, 2008
$550,000
Dsb Construction LLC
Rana,allah R & Shakra
Grant Deed
related
$22,500 · Flushing Savings Bank
Sep 14, 2006
$615,000
Allah R Rana
China Sultana Haque
Deed
$307,500 · Flushing Savings Bank
Nov 22, 2005
$520,000
China Sultana Haque
Romar Realty LLC
Deed
$338,000 · Indymac Bank Fsb
—
—
Flushing Svgs Bk Fsb
—
Deed Of Trust
related
$330,000 · Dsb Construction LLC
—
—
14-18 31 Ave LLC
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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