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Property profile & analytics
OFF-MARKET
Banks
2325 31st St, Long Island City, NY 11105-2298
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-5710879
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2012
Total area
75,191 SF
Lot
0.21 ac (9,002 SF)
Zoning code
C4-3
APN
00835-0027
UPID
US63-5710879
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
-
Law Office of Chris Psomopoulos Law Firm
-
Shimul Begum Pediatrician Medical Clinic
-
Dayana Eslava Physician
-
Susana Ayyanathan Physician
-
Sabino Anthony Augello Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Karen Ferguson · 2 yrs held
Karen Ferguson
since 2023
7 recorded transactions
Zoning & alternative use
C4-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$100,142
Tax year 2024
Assessed value
$5,801,850
Assessed 2024
Previous assessed
$5,664,150
+2.4% YoY
Effective rate
1.73%
On assessed value
Assessed land
$405,000
Assessed improvement
$5,396,850
Land market value
$900,000
Improvement market value
$11,993,000
Total market value
$12,893,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
75,191 SF
Lot
0.21 ac (9,002 SF)
Zoning code
C4-3
APN
00835-0027
UPID
US63-5710879
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Long Island City, NY
Zoning C4-3 · permitted uses
C4-3 · 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
2012
Heating
NONE
Stories
8
Buildings
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Karen Ferguson
Individual
Free & Clear · 2 yrs held
Mailing address
15049 7TH AVE, WHITESTONE, NY 11357-1208
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
Karen Ferguson
Amanda M. Fleming, Co-trustee
Deed
related
—
Aug 9, 2022
—
Pali Realty, LLC
—
Deed
related
$6,277,018 · Alma Bank
Jul 14, 2022
$999,000
Heather Lynn Fennell
Albert Nassour
Deed
$799,200 · Mers
Jun 8, 2021
—
Gentian Sholla
—
Deed
related
$9,670 · Bethpage Federal Credit Union
Aug 28, 2020
—
Albert Nassour
—
Deed
related
$749,999 · Loandepot.com, LLC
Feb 10, 2020
—
Palirealty LLC
—
Deed
related
$21,700,000 · Alma Bk
Feb 3, 2020
—
Juliano Family Living Trust
Vincent Juliano
Quitclaim Deed
related
—
Oct 29, 2018
—
Pali Realty LLC
—
Deed
related
$1,000,000 · Alma Bank
Aug 13, 2018
$37,500
Bonkat Philipp
23-25 Rgb LLC
Grant Deed
—
Jan 2, 2018
$670,000
Sam John
Carey,meaghan
Grant Deed
$469,000 · Jp Morgan Chase Bk
Nov 8, 2017
$855,000
Albert Nassour
Payano,shannon
Grant Deed
$768,999 · Pnc Mtg
Jun 8, 2017
—
Scott R Niblock
Niblock,scott R
Quitclaim Deed
related
—
Dec 2, 2016
—
23-25 Rgb LLC
41st Drive Realty Corp
Quitclaim Deed
related
—
Sep 13, 2016
$650,000
Ivan Cortazar
Schettino,jeffrey
Grant Deed
—
Jul 28, 2016
—
Pali Realty LLC
Pali Realty LLC
Quit Claim Deed
related
—
Jan 7, 2015
—
Pali Realty LLC
—
Loan Modification, Consolidation And Extension
related
$13,483,000 · Alma Bk
Feb 22, 2012
—
Pali Realty LLC
—
Deed Of Trust
related
$10,090,000 · Alma Bank
Feb 22, 2008
$2,950,000
Pali Realty LLC
23-27 Realty LLC
Grant Deed
$1,350,000 · Alma Bank
Feb 27, 2007
$1,800,000
23-27 Realty LLC
Andruk,joann & Robert
Grant Deed
—
—
—
Palirealty LLC
—
Deed Of Trust
related
$21,700,000 · Alma 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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