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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Warehouses
2520 Borden Ave, Long Island City, NY 11101-4862
Entity Owned
Free & Clear
Property ID
US63-0010062
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Total area
71,024 SF
Lot
2.63 ac (114,345 SF)
Zoning code
M3-2
APN
00068-0055
UPID
US63-0010062
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
$8.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.38M
Owner & transaction history
25-20 Borden West Parcel Owner LLC
25-20 Borden West Parcel Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
M3-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,045,000
6.5%
$8,345,000
7%
$7,750,000
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±10%
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
$104 / 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
$372,999
Tax year 2024
Assessed value
$3,783,600
Assessed 2024
Previous assessed
$3,429,990
+10.3% YoY
Effective rate
9.86%
On assessed value
Assessed land
$1,286,550
Assessed improvement
$2,497,050
Land market value
$2,859,000
Improvement market value
$5,549,000
Total market value
$8,408,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
71,024 SF
Lot
2.63 ac (114,345 SF)
Zoning code
M3-2
APN
00068-0055
UPID
US63-0010062
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-2 · Long Island City, NY
Zoning M3-2 · permitted uses
M3-2 · 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
1952
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
2.63 ac
Current owner
From public records · entity-resolved
25-20 Borden West Parcel Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2520 BORDEN AVE, LONG ISLAND CITY, NY 11101-4862
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
—
25-20 Borden West Parcel Owner LLC
25-20 Borden East Parcel Owner LLC
Deed
—
Jul 18, 2025
$35,216,775
25-20 Borden East Parcel Owner LLC
Oakland Trading Corp.
Deed
—
Dec 24, 2024
$6,196,500
25-20 Borden East Parcel Owner LLC
Oakland Trading Corp.
Deed
—
—
—
Flushing Svg Bk Of Fsb
—
Deed Of Trust
related
$2,000,000 · Oakland Trading Corp
—
—
Oakland Trading Corp
—
Loan Modification, Consolidation And Extension
related
$3,675,000 · Flushing Bk
—
—
Oakland Trading Corp
—
Deed Of Trust
related
$2,021,666 · Flushing Bk
—
—
Oakland Trading Corp
—
Deed Of Trust
related
$7,000,000 · Citibank NA
—
—
Oakland Trading Corp
—
Deed Of Trust
related
$1,000,000 · Citibank NA
—
—
Oakland Trading Corp
—
Deed Of Trust
related
$985,789 · Flushing Savings Bank
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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