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Property profile & analytics
OFF-MARKET
Hotels
2914 39th Ave, Long Island City, NY 11101
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0017516
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
63,648 SF
Lot
0.29 ac (12,541 SF)
Zoning code
M13R7X
APN
00399-0022
UPID
US63-0017516
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
Lic Hotel Operating Company LLC · 2 yrs held
Lic Hotel Operating Company LLC
since 2023
Last sale
$34.5M
7 recorded transactions
Zoning & alternative use
M13R7X · 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
$880,137
Tax year 2024
Assessed value
$8,730,450
Assessed 2024
Previous assessed
$7,704,900
+13.3% YoY
Effective rate
10.08%
On assessed value
Assessed land
$535,950
Assessed improvement
$8,194,500
Land market value
$1,191,000
Improvement market value
$18,210,000
Total market value
$19,401,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
1
Stories
11
Units
99
Total area
63,648 SF
Lot
0.29 ac (12,541 SF)
Zoning code
M13R7X
APN
00399-0022
UPID
US63-0017516
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M13R7X · Long Island City, NY
Zoning M13R7X · permitted uses
M13R7X · 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
2008
Heating
NONE
Stories
11
Buildings
1
Units
99
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lic Hotel Operating Company LLC
Entity
Mailing address
3625 N HALL ST STE #900, DALLAS, TX 75219-5147
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$34,500,000
Lic Hotel Operating Company LLC
Lic Hotel Property LLC
Deed
—
Jun 29, 2022
—
Lic Hotel Property LLC
—
Deed
related
$1,961,619 · Ponce Bank
Oct 14, 2016
—
Lic Hotel Property LLC
—
Deed
related
$25,000,000 · Basis R/e Cap II
Sep 26, 2011
—
Lic Hotel Property LLC
Astoria Hotel Condo LLC
Grant Deed
related
—
Jul 18, 2007
$3,500,000
Astoria Hotel Condo LLC
Gouliamas,john
Grant Deed
$2,750,000 · John Gouliamas
Mar 23, 2007
$290,000
John Gouliamas
Love,laurence L
Grant Deed
—
—
—
Lic Hotel Property LLC
—
Loan Modification, Consolidation And Extension
related
$14,000,000 · Mega Int'l Com'l Bk
—
—
Lic Hotel Property LLC
—
Deed Of Trust
related
$11,650,948 · Basis R/e Cap II
—
—
Lic Hotel Property LLC
—
Loan Modification, Consolidation And Extension
related
$25,000,000 · Basis R/e Cap II
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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