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Property profile & analytics
OFF-MARKET
Estimated value
$7,120,000
Garden apartment buildings
21321 Hillside Ave, Jamaica, NY 11427-1813
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-2517608
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1949
Total area
14,300 SF
Lot
0.36 ac (15,828 SF)
Zoning code
R2
APN
10681-0033
UPID
US63-2517608
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
$8.31M
CAP Approach
CAP
$5.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.12M
Owner & transaction history
Hillside Garden Estate LLC · 6 yrs held
Hillside Garden Estate LLC
since 2020
Last sale
$7.0M
5 recorded transactions
Zoning & alternative use
R2 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.9M
+97.8%
Warehouse, storage
$6.4M
+83.7%
Retail stores
$6.2M
+77.4%
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
$7,905,000
ML approach
$8,310,000
CAP Approach
CAP Return
Estimation
6%
$5,825,000
6.5%
$5,380,000
7%
$4,995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,860,000
Change: +98% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,375,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$6,155,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$5,290,000
Change: +52% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,455,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$7.12M
Range $6.41M – $7.83M · ±10% · vs last sale $7.00M (Jun 23 2020)
Last sale anchor
$7.00M
Jun 23 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
$498 / 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
$62,695
Tax year 2024
Assessed value
$544,950
Assessed 2024
Previous assessed
$499,860
+9.0% YoY
Effective rate
11.50%
On assessed value
Assessed land
$142,650
Assessed improvement
$402,300
Land market value
$317,000
Improvement market value
$894,000
Total market value
$1,211,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1949
Heating
NONE
Buildings
1
Stories
3
Units
18
Total area
14,300 SF
Lot
0.36 ac (15,828 SF)
Zoning code
R2
APN
10681-0033
UPID
US63-2517608
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R2 · Jamaica, NY
Zoning R2 · permitted uses
R2 · 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
INDUSTRIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.5M
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1949
Heating
NONE
Stories
3
Buildings
1
Units
18
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hillside Garden Estate LLC
Entity
Mailing address
11720 SUTPHIN BLVD, JAMAICA, NY 11434-1506
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
Jun 23, 2020
$7,000,000
Hillside Garden Estate LLC
Hillpark Gardens LLC
Deed
$1,115,482 · New York Community Bank
Jun 23, 2020
—
Hillside Garden Estate LLC
—
Deed
related
$5,525,000 · New York Cmnty Bk
Feb 20, 2018
—
Hillpark Gardens LLC
—
Grant Deed
related
$1,085,913 · Jp Morgan Chase Bk
—
—
Hillpark Gardens LLC
—
Deed Of Trust
related
$2,942,962 · Amalgamated Bank
—
—
Hillside Garden Estate LLC
—
Loan Modification
related
$5,525,000 · New York Cmnty Bk
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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