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Property profile & analytics
OFF-MARKET
Estimated value
$7,355,000
Apartment buildings
16836 88th Ave Jamaica, NY 11432-4458
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-1206180
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
50,976 SF
Lot
0.36 ac (15,750 SF)
Zoning code
R6A
APN
09820-0038
UPID
US63-1206180
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
$8.22M
Blend (final)
Blend
$7.36M
Owner & transaction history
Hillside 88 LLC · 16 yrs held
Hillside 88 LLC
since 2010
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
$7.36M
Range $6.62M – $8.09M · ±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
$144 / 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
$212,715
Tax year 2024
Assessed value
$1,769,400
Assessed 2024
Previous assessed
$1,669,860
+6.0% YoY
Effective rate
12.02%
On assessed value
Assessed land
$531,450
Assessed improvement
$1,237,950
Land market value
$1,181,000
Improvement market value
$2,751,000
Total market value
$3,932,000
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
1958
Heating
NONE
Buildings
1
Stories
6
Units
79
Total area
50,976 SF
Lot
0.36 ac (15,750 SF)
Zoning code
R6A
APN
09820-0038
UPID
US63-1206180
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
1958
Heating
NONE
Stories
6
Buildings
1
Units
79
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hillside 88 LLC
Entity
Mailing address
PO BOX 750710, FOREST HILLS, NY 11375-0710
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Jul 1, 2021
—
Hillside 88 LLC
—
Deed
related
$2,291,336 · Jpmorgan Chase Bank, N.a.
Jun 25, 2019
—
Hillside 88 LLC
—
Loan Modification
related
$6,958,664 · Jp Morgan Chase Bk
Feb 2, 2015
—
Hillside 88 LLC
—
Loan Modification, Consolidation And Extension
related
$7,100,000 · Jp Morgan Chase Bk
Jan 13, 2010
$7,700,000
Hillside 88 LLC
Hillside 88th Realty LLC
Grant Deed
$123,161 · Intervest National Bank
May 26, 2004
$6,555,000
Hillside 88th Realty LLC
Heavy Realty Corp
Grant Deed
related
$1,714,484 · Intervest National Bank
—
—
Heavy Realty Corp
—
Deed Of Trust
related
$120,215 · Bankers Federal Savings Fsb
—
—
Hillside 88th Realty LLC
—
Deed Of Trust
related
—
—
—
Hillside 88 LLC
—
Deed Of Trust
related
$6,000,000 · J P Morgan Chase Bank
—
—
Hillside 88 LLC
—
Deed Of Trust
related
$4,900,000 · Intervest National Bank
—
—
Hillside 88th Realty LLC
—
Deed Of Trust
related
$4,396,020 · Intervest National 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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