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Property profile & analytics
OFF-MARKET
Estimated value
$5,975,000
Apartment buildings
16605 88th Ave, Jamaica, NY 11432-4262
Entity Owned
~
Est. High Equity
Property ID
US63-1636508
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Total area
36,768 SF
Lot
0.2 ac (8,614 SF)
Zoning code
C4-5X
APN
09818-0049
UPID
US63-1636508
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
$8.34M
Blend (final)
Blend
$5.98M
Owner & transaction history
149 St LLC
149 St LLC
since 2026
7 recorded transactions
Zoning & alternative use
C4-5X · 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,920,000
Current use
Blend value · Realmo final
$5.98M
Range $5.38M – $6.57M · ±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
$163 / 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
$224,192
Tax year 2024
Assessed value
$1,793,250
Assessed 2024
Previous assessed
$1,925,840
-6.9% YoY
Effective rate
12.50%
On assessed value
Assessed land
$290,700
Assessed improvement
$1,502,550
Land market value
$646,000
Improvement market value
$3,339,000
Total market value
$3,985,000
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
1926
Heating
NONE
Buildings
1
Stories
6
Units
53
Total area
36,768 SF
Lot
0.2 ac (8,614 SF)
Zoning code
C4-5X
APN
09818-0049
UPID
US63-1636508
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-5X · Jamaica, NY
Zoning C4-5X · permitted uses
C4-5X · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS) Current
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
1926
Heating
NONE
Stories
6
Buildings
1
Units
53
Lot
0.2 ac
Current owner
From public records · entity-resolved
149 St LLC
Entity
Mailing address
16607 HILLSIDE AVE, JAMAICA, NY 11432-4250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
—
149 St LLC
—
Deed
related
$16,238,294 · Arbor Realty SR, INC.
Nov 27, 2018
—
Ninety One Sixty One LLC
—
Loan Modification
related
$173,000,000 · Manufacturers & Traders Tr
Jan 5, 2012
—
Ninety One Sixty One LLC
—
Deed Of Trust
related
$14,112,459 · Manufacturers & Traders Trust
—
—
166 St LLC
—
Deed Of Trust
related
$4,086,000 · Washington Mutual Fsb
—
—
Ninety One Sixty One LLC
—
Loan Modification
related
$15,079,612 · Manufacturers & Traders Tr
—
—
Ninety One Sixty One LLC
—
Loan Modification
related
$91,710,692 · Manufacturers & Traders Tr
—
—
Ninety One Sixty One LLC
—
Deed Of Trust
related
$27,384,892 · Manufacturers & Traders Tr
—
—
Ninety One Sixty One LLC
—
Deed Of Trust
related
$16,000,000 · Manufacturers Trade & Tr
—
—
149 St LLC
—
Loan Modification
related
$95,000,000 · Manufacturers Traders & Trust
—
—
166 Street LLC
—
Deed Of Trust
related
$1,864,851 · New York Community 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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