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Property profile & analytics
FOR LEASE
Apartment buildings
2519 30th Dr Long Island City, NY 11102-2763
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2178175
For Lease
1 / 3
Contact for pricing
2519 30th Dr, Long Island City, NY 11102-2763
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Total area
46,000 SF
Lot
0.54 ac (23,701 SF)
Zoning code
R6A
APN
00577-0005
UPID
US63-2178175
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
-
Schiop Luminita A DDS Dental Office
-
Mamdou Abousamra Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.74M
Blend (final)
Blend
$10.00M
Owner & transaction history
25-19 30th Drive LLC · 2 yrs held
25-19 30th Drive LLC
since 2024
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
R6A · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.6M
+35.9%
Industrial (general)
$15.3M
+25.2%
Warehouse, storage
$14.2M
+15.9%
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
$10,000,000
ML approach
$10,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,240,000
Current use
OFFICE BUILDING
$16,625,000
Change: +36% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$15,320,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,180,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$10.00M
Range $9.00M – $11.00M · ±10% · vs last sale $10.00M (Feb 2 2024)
Last sale anchor
$10.00M
Feb 2 2024
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
$217 / 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
$266,060
Tax year 2024
Assessed value
$2,280,600
Assessed 2024
Previous assessed
$2,135,880
+6.8% YoY
Effective rate
11.67%
On assessed value
Assessed land
$639,900
Assessed improvement
$1,640,700
Land market value
$1,422,000
Improvement market value
$3,646,000
Total market value
$5,068,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
1954
Heating
NONE
Buildings
1
Stories
3
Units
58
Total area
46,000 SF
Lot
0.54 ac (23,701 SF)
Zoning code
R6A
APN
00577-0005
UPID
US63-2178175
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Long Island City, NYZoning R6A · permitted uses
R6A · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.2M
OFFICE BUILDING
Est. value
$16.6M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$14.2M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1954
Heating
NONE
Stories
3
Buildings
1
Units
58
Lot
0.54 ac
Current owner
From public records · entity-resolved
25-19 30th Drive LLC
Entity
Mailing address
217 FRANKLIN ST APT #2, BROOKLYN, NY 11222-7842
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$10,000,000
25-19 30th Drive LLC
Bubaris Enterprises LLC
Deed
—
Sep 17, 2018
—
Nicholas C Bubaris
Bubaris Athena
Quit Claim Deed
$2,081,476 · Jpmorgan Chase Bank, NA
Nov 24, 2008
—
Athena Bubaris
Bubaris John G
Quit Claim Deed
$1,821,334 · Sovereign Bank
—
—
Bk Sovereign
—
Deed Of Trust
related
$3,000,000 · Athena Bubaris
—
—
Demetrios Bubaris
—
Loan Modification
related
$4,350,000 · Peoples United Bank
—
—
Bubaris Ents LLC
—
Loan Modification
related
$6,000,000 · Jp Morgan Chase 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
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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