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Property profile & analytics
FOR LEASE
Parking lots & garages
1725 Village Ln, Queens, NY 11691
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0974950
For Lease
$55 SF/Yr
1725 Village Ln, Queens, NY 11691
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2020
Total area
5,957 SF
Lot
6.64 ac (289,326 SF)
Zoning code
R7-1
APN
15537-1017
UPID
US63-0974950
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
$2.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.05M
Owner & transaction history
Rockaway Village Housing Dev. Fund · 3 yrs held
Rockaway Village Housing Dev. Fund
since 2022
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
R7-1 · Far Rockaway, 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 Queens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queens 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
$2,815,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $3.28M (Aug 17 2022)
Last sale anchor
$3.28M
Aug 17 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
$511 / 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
$27,681
Tax year 2024
Assessed value
$439,295
Assessed 2024
Previous assessed
$199,319
+120.4% YoY
Effective rate
6.30%
On assessed value
Assessed land
$42,312
Assessed improvement
$396,983
Land market value
$94,027
Improvement market value
$882,185
Total market value
$976,212
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
2020
Buildings
1
Stories
10
Units
49
Total area
5,957 SF
Lot
6.64 ac (289,326 SF)
Zoning code
R7-1
APN
15537-1017
UPID
US63-0974950
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Far Rockaway, NY
Zoning R7-1 · permitted uses
R7-1 · Far Rockaway, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Far Rockaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Stories
10
Buildings
1
Units
49
Lot
6.64 ac
Current owner
From public records · entity-resolved
Rockaway Village Housing Dev. Fund
Entity
Free & Clear · 3 yrs held
Mailing address
902 BROADWAY FL #13, NEW YORK, NY 10010-6033
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Rockaway Village Housing Dev. Fund
Mott Center, LLC
Correction Deed
related
—
Dec 29, 2022
$3,761,866
Rockaway Village II Housing Develop
Mott Center, LLC
Deed
—
Aug 17, 2022
$3,276,303
Rockaway Village Housing Dev. Fund
Mott Center, LLC
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.
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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