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Property profile & analytics
FOR LEASE
Retail residential properties
20-22 College Point Blvd College Point, NY 11356
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-5845313
For Lease
1 / 3
$3,500/Mo
20-22 College Point Blvd, College Point, NY 11356
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Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2022
Total area
9,625 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R5B
APN
04164-0029
UPID
US63-5845313
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
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$1.04M
Owner & transaction history
Aj 88 Dev LLC · 5 yrs held
Aj 88 Dev LLC
since 2020
Last sale
$992,600
5 recorded transactions
Zoning & alternative use
R5B · College Point, 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 College Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs College Point 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
$1,070,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $993k (Aug 6 2020)
Last sale anchor
$993k
Aug 6 2020
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
$108 / 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
$49,123
Tax year 2024
Assessed value
$465,750
Assessed 2024
Previous assessed
$83,430
+458.3% YoY
Effective rate
10.55%
On assessed value
Assessed land
$90,000
Assessed improvement
$375,750
Land market value
$200,000
Improvement market value
$835,000
Total market value
$1,035,000
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
For Lease
Year built
2022
Heating
NONE
Buildings
1
Stories
3
Units
9
Total area
9,625 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R5B
APN
04164-0029
UPID
US63-5845313
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · College Point, NY
Zoning R5B · permitted uses
R5B · College Point, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
College Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
3
Buildings
1
Units
9
Lot
0.09 ac
Current owner
From public records · entity-resolved
Aj 88 Dev LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5804 MAIN ST APT 1B, FLUSHING, NY 11355-5337
Ownership since
2020
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
Feb 14, 2022
—
Aj 88 Development LLC
—
Deed
related
$2,500,000 · Ponce Bank
Aug 6, 2020
$992,600
Aj 88 Dev LLC
Man-chung Tang
Grant Deed
—
Jun 23, 2020
$900,000
Man-chung Tang
Perez R & F F/tr
Grant Deed
—
Sep 17, 2015
—
Perez,romeo & Felicidad Trust
Perez,romeo & Felicidad K
Quit Claim Deed
—
Nov 21, 2008
$800,000
Romeo Perez
Spaniardi,sylvia
Grant Deed
$800,000 · Sylvia Dall
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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