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Property profile & analytics
OFF-MARKET
Estimated value
$5,735,000
Retail residential properties
15002 Hillside Ave, Jamaica, NY 11432-3320
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2027790
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2022
Total area
50,695 SF
Lot
0.27 ac (11,735 SF)
Zoning code
R7A
APN
09697-0008
UPID
US63-2027790
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
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$5.74M
Owner & transaction history
Hillside Realty Holding LLC · 4 yrs held
Hillside Realty Holding LLC
since 2022
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
R7A · 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
$5,490,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.74M
Range $5.16M – $6.31M · ±10% · vs last sale $6.00M (Feb 25 2022)
Last sale anchor
$6.00M
Feb 25 2022
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
$113 / 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
$281,014
Tax year 2024
Assessed value
$2,247,750
Assessed 2024
Previous assessed
$359,100
+525.9% YoY
Effective rate
12.50%
On assessed value
Assessed land
$359,100
Assessed improvement
$1,888,650
Land market value
$798,000
Improvement market value
$4,197,000
Total market value
$4,995,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2022
Heating
NONE
Buildings
1
Stories
7
Units
61
Total area
50,695 SF
Lot
0.27 ac (11,735 SF)
Zoning code
R7A
APN
09697-0008
UPID
US63-2027790
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Jamaica, NY
Zoning R7A · permitted uses
R7A · 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
2022
Heating
NONE
Stories
7
Buildings
1
Units
61
Lot
0.27 ac
Current owner
From public records · entity-resolved
Hillside Realty Holding LLC
Entity
Mailing address
81 JAMES ST, HICKSVILLE, NY 11801-2839
Ownership since
2022
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
Dec 1, 2022
—
Hillside Realty Holding LLC
—
Deed
related
$61,863 · The First National Bank Of Long Island
Feb 25, 2022
$6,000,000
Hillside Realty Holding LLC
F.r.m.f. Liberty Avenue 1 Family Li
Deed
$2,000,000 · Asset Preservation, INC.
May 5, 2020
$5,000,000
Frmf Liberty Ave 1 Fam LP
Mary Nemet
Grant Deed
—
May 5, 2020
—
Mary Nemet
Thomas Nemet
Correction Deed
related
—
Nov 28, 2012
—
Mary Nemet
Nemet Thomas
Quit Claim Deed
—
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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