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Property profile & analytics
OFF-MARKET
Estimated value
$43,530,000
Office buildings
2310 43rd Ave, Long Island City, NY 11101-4616
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3287299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1931
Total area
97,650 SF
Lot
0.49 ac (21,156 SF)
Zoning code
M16R10
APN
00436-0021
UPID
US63-3287299
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
-
Sunguard-Lic County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$52.76M
Comparable Approach
Comparable
$27.98M
Blend (final)
Blend
$43.53M
Owner & transaction history
New York City School Construction A · 3 yrs held
New York City School Construction A
since 2023
Last sale
$50.0M
3 recorded transactions
Zoning & alternative use
M16R10 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$68.5M
+204.4%
Retail stores
$57.3M
+154.8%
Commercial (general)
$36.8M
+63.6%
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
$36,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$57,155,000
6.5%
$52,760,000
7%
$48,990,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$68,480,000
Change: +204% · Conversion: Difficult
RETAIL STORES
$57,330,000
Change: +155% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,815,000
Change: +64% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$36,445,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$32,730,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$27,630,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$43.53M
Range $39.18M – $47.88M · ±10% · vs last sale $50.00M (Apr 10 2023)
Last sale anchor
$50.00M
Apr 10 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
$446 / 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
Assessed value
$8,572,050
Assessed 2024
Previous assessed
$8,410,050
+1.9% YoY
Assessed land
$1,190,250
Assessed improvement
$7,381,800
Land market value
$2,645,000
Improvement market value
$16,404,000
Total market value
$19,049,000
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
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
97,650 SF
Lot
0.49 ac (21,156 SF)
Zoning code
M16R10
APN
00436-0021
UPID
US63-3287299
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M16R10 · Long Island City, NY
Zoning M16R10 · permitted uses
M16R10 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$68.5M
RETAIL STORES
Est. value
$57.3M
COMMERCIAL (GENERAL)
Est. value
$36.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.4M
INDUSTRIAL (GENERAL)
Est. value
$32.7M
WAREHOUSE, STORAGE
Est. value
$27.6M
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1931
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
New York City School Construction A
Entity
Mailing address
3030 THOMSON AVE, LONG ISLAND CITY, NY 11101-3019
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
$50,000,000
New York City School Construction A
Long Island City Center LLC
Deed
—
Apr 5, 2021
—
Long Island City Center LLC
Long Island City Center LLC
Deed
related
—
Aug 15, 2011
—
48th Americas LLC
—
Deed Of Trust
related
$125,000,000 · Apple Bank For Savings
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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