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Property profile & analytics
FOR SALE
Apartment buildings
2723 Cres St Long Island City, NY 11102-3142
Individually Owned
~
Est. High Equity
Property ID
US63-3728080
For Sale
Contact for pricing
2723 Cres St, Long Island City, NY 11102-3142
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2023
Total area
11,580 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R6B
APN
00574-0048
UPID
US63-3728080
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
$2.77M
Owner & transaction history
Mandy Wong
Mandy Wong
since 2026
Last sale
$955,000
7 recorded transactions
Zoning & alternative use
R6B · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $955k (Mar 2 2026)
Last sale anchor
$955k
Mar 2 2026
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
$239 / 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
$28,394
Tax year 2024
Assessed value
$351,000
Assessed 2024
Previous assessed
$47,640
+636.8% YoY
Effective rate
8.09%
On assessed value
Assessed land
$202,500
Assessed improvement
$148,500
Land market value
$450,000
Improvement market value
$330,000
Total market value
$780,000
Applied tax rate
1.0000
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 Sale
Year built
2023
Heating
NONE
Buildings
1
Stories
5
Units
14
Total area
11,580 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R6B
APN
00574-0048
UPID
US63-3728080
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Long Island City, NYZoning R6B · permitted uses
R6B · Long Island City, 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
2023
Heating
NONE
Stories
5
Buildings
1
Units
14
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mandy Wong
Individual
Ownership since
2026
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
Mar 2, 2026
$955,000
Mandy Wong
272123 Crescent Street LLC
Deed
$764,000 · Mers
Feb 18, 2026
$50,000
Ayata Seda
272123 Crescent Street LLC
Deed
—
Jan 16, 2026
$780,000
Ayata Seda
272123 Crescent Stret LLC
Deed
$624,000 · Mers
Dec 9, 2025
$1,265,000
Qasim Muhammad
272123 Crescent Street LLC
Deed
$365,000 · Mers
Jul 17, 2025
$765,000
Rowena Lam
272123 Cresent Street LLC
Deed
$688,500 · Jpmorgan Chase Bank, N.a
Jul 3, 2025
$770,000
Enada Jang
272123 Crescent Street LLC
Deed
$616,000 · Jpmorgan Chase Bank, N.a.
Oct 21, 2021
$2,900,000
272123 Crescent Street LLC
Difrenza, As Executor, Joseph
Deed
—
Oct 7, 2008
—
Loretta K Difrenza
Anzalone,lucille A
Grant Deed
related
—
—
—
Loretta K Difrenza
—
Deed Of Trust
related
$60,000 · Municipal Cu
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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