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Property profile & analytics
OFF-MARKET
Estimated value
$6,250,000
Retail space
2121 31st Strtl Long Island City, NY 11105-2684
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0293951
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Total area
24,561 SF
Lot
0.46 ac (20,002 SF)
Zoning code
R6A
APN
00831-1101
UPID
US63-0293951
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
$6.25M
CAP Approach
CAP
$6.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.25M
Owner & transaction history
Dinami 4 LLC · 1 yrs held
Dinami 4 LLC
since 2024
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
R6A · Long Island City, 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 Long Island City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Island City 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
$6,250,000
ML approach
$6,250,000
CAP Approach
CAP Return
Estimation
6%
$7,305,000
6.5%
$6,745,000
7%
$6,265,000
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10% · vs last sale $6.25M (Oct 21 2024)
Last sale anchor
$6.25M
Oct 21 2024
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
$254 / 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
$213,272
Tax year 2024
Assessed value
$2,105,958
Assessed 2024
Previous assessed
$2,105,958
+0.0% YoY
Effective rate
10.13%
On assessed value
Assessed land
$203,808
Assessed improvement
$1,902,150
Land market value
$452,906
Improvement market value
$4,227,000
Total market value
$4,679,906
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Buildings
1
Stories
6
Units
1
Total area
24,561 SF
Lot
0.46 ac (20,002 SF)
Zoning code
R6A
APN
00831-1101
UPID
US63-0293951
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Long Island City, NY
Zoning R6A · permitted uses
R6A · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Island City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Stories
6
Buildings
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dinami 4 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3926 BELL BLVD, BAYSIDE, NY 11361-2061
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
$6,250,000
Dinami 4 LLC
Rfc 31 Ccu LLC
Deed
—
Nov 8, 2023
—
Rfc 31 Ccu LLC
—
Deed
related
$8,000,000 · Bank Hapoalim B.m.
Jul 25, 2022
—
Rfc 31 Ccu LLC
Rfc 31 Street I LLC
Deed
$7,649,060 · Bank Hapoalim B.m.
Sep 29, 2021
—
Rfc 31 Street I LLC
—
Deed
related
$4,166,297 · Bank Hapoalim B.m.
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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