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Property profile & analytics
FOR SALE
Office buildings
213-08 99Th Ave Queens, NY 11429
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-5983157
For Sale
$2,200,000
213-08 99Th Ave, Queens, NY 11429
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1958
Total area
6,225 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R3-2
APN
11087-0022
UPID
US63-5983157
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
Current use
Occupant on record · Public records
-
Earth Construction Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.24M
Owner & transaction history
Alni Realty LLC · 3 yrs held
Alni Realty LLC
since 2023
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
R3-2 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.0M
+29.7%
Warehouse, storage
$2.8M
+20.5%
Retail stores
$2.7M
+16.3%
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
$2,225,000
ML approach
$2,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,305,000
Current use
INDUSTRIAL (GENERAL)
$2,985,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,775,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$2,680,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,940,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.25M (May 9 2023)
Last sale anchor
$2.25M
May 9 2023
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
$359 / 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
$57,254
Tax year 2024
Assessed value
$584,550
Assessed 2024
Previous assessed
$510,480
+14.5% YoY
Effective rate
9.79%
On assessed value
Assessed land
$270,000
Assessed improvement
$314,550
Land market value
$600,000
Improvement market value
$699,000
Total market value
$1,299,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1958
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
6,225 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R3-2
APN
11087-0022
UPID
US63-5983157
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Jamaica, NY
Zoning R3-2 · permitted uses
R3-2 · 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
OFFICE BUILDING Current
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1958
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Alni Realty LLC
Entity
Mailing address
21308 99TH AVE, QUEENS VILLAGE, NY 11429-1173
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 9, 2023
$2,250,000
Alni Realty LLC
Jfkyyz 2016 L.p.
Deed
$1,100,000 · Amerasia Bank
Dec 11, 2019
$1,650,000
Jfkyyz 2016 LP
Referee Of Queens County|karageorgiou,peter & Joan
Trustees Deed
—
Sep 13, 2007
$1,600,000
Peter Karageorgiou
Kuzma,robert
Grant Deed
$1,200,000 · Signature Bank
—
—
Peter Karageorgiou
—
Deed Of Trust
related
$1,500,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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