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Property profile & analytics
OFF-MARKET
Auto shops
24208 133rd Ave Jamaica, NY 11422
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0762375
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1955
Total area
1,125 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R2
APN
12980-0047
UPID
US63-0762375
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cross Island Plaza LLC · 5 yrs held
Cross Island Plaza LLC
since 2021
Last sale
$29.5M
7 recorded transactions
Zoning & alternative use
R2 · Jamaica, 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 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
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
$9,056
Tax year 2024
Assessed value
$85,500
Assessed 2024
Previous assessed
$90,000
-5.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$85,500
Land market value
$190,000
Total market value
$190,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Total area
1,125 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R2
APN
12980-0047
UPID
US63-0762375
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R2 · Jamaica, NYZoning R2 · permitted uses
R2 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cross Island Plaza LLC
Entity
Mailing address
3611 14TH AVE STE #603, BROOKLYN, NY 11218-3750
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Cip Land LLC
—
Deed
related
$13,593,509 · Bank Of Montreal
May 26, 2021
—
Cip Land LLC
—
Deed
related
$430,000 · Argentic Real Estate Investment LLC
May 10, 2021
$29,500,000
Cross Island Plaza LLC
Ivy Cross Island Plaza, LLC
Deed
—
Aug 6, 2020
—
Ivy Cross Island Plaza LLC
—
Deed
related
$17,762,500 · Miscellaneous Ins Co
Feb 7, 2018
—
Ivy Cross Island Plaza LLC
—
Loan Modification
related
$3,000,000 · Miscellaneous Ins Co
Aug 15, 2014
—
Ivy Cross Island Plaza LLC
—
Loan Modification, Consolidation And Extension
related
$17,762,500 · Aetna Life Insurance & Annuity
Mar 4, 2013
$23,350,000
Ivy Realty Lix LLC
Cross Island Plaza INC
Grant Deed
—
Feb 14, 2013
—
Ivy Cross Island Plaza LLC
Ivy Realty Lix LLC
Quit Claim Deed
related
$17,762,500 · Miscellaneous Ins Co
Jan 12, 2007
—
Cross Island Plaza INC
—
Deed Of Trust
related
$27,000,000 · Arbor Commercial Mortgage LLC
—
—
Ivy Cross Island Plaza LLC
—
Loan Modification
related
$17,762,500 · Miscellaneous Ins Co
—
—
Ivy Cross Island Plaza LLC
—
Loan Modification
related
$3,000,000 · Miscellaneous Ins Co
—
—
Ivy Cross Island Plaza LLC
—
Loan Modification
related
$2,700,000 · Miscellaneous Ins Co
—
—
Ivy Cross Island Plaza LLC
—
Loan Modification
related
$17,762,500 · 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.
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