Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3038 14th St Long Island City, NY 11102-3995

    • Investment properties
    • 3,800 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5316893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Miss Cristy / Spa & Massage Center / Alternative Medicine Practice
    • Indigo Blue Group / Construction Company

    Property Details for 3038 14th St

    Year built
    1930
    Lot size
    0.06 lot acres
    Property size
    3,800 SF
    Zone code
    R6B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00516-0002
    APU
    5160002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $750,000
      7%
      $700,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,170,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.9309
    Latitude
    40.77
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,356
    $5,400
    $395,640
    $401,040
    -
    $12,000
    $879,200
    $891,200

    Comparable in this City

    • Value Estimation by Request
      3,339 SF

      2513 30th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,339 SF
      2513 30th Ave, Long Island City, NY 11102-3589
      View Details
    • Value Estimation by Request
      4,500 SF

      2213 Astoria Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      2213 Astoria Blvd, Long Island City, NY 11102-4341
      View Details
    • Value Estimation by Request
      4,270 SF

      3036 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,270 SF
      3036 14th St, Long Island City, NY 11102-3996
      View Details
    • Value Estimation
      $530,000
      5,142 SF

      2802 21st St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,142 SF
      2802 21st St, Long Island City, NY 11102-3633
      View Details
    • Value Estimation by Request
      3,900 SF

      2544 23rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,900 SF
      2544 23rd St, Long Island City, NY 11102-4441
      View Details
    • Value Estimation by Request
      3,600 SF

      2309 24th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,600 SF
      2309 24th Ave, Long Island City, NY 11102-4325
      View Details

    Similar Nearby for Sale

    • $1,399,999
      Pending

      Astoria Six-Family Income Property

      Six-family building in Astoria with renovated apartments and low taxes.
      26-21 30Th St, Astoria, NY 11102
      View Details
    • $1,525,000
      2,400 SF

      which means it may need repairs or modernization. It\u00e2\u0080\u0099s a great investment prospect for someone looking to operate a business and earn rental income. LOW TAXES! Floor-plans available upon request""""}"""

      Astoria Mixed-Use Corner Building
      26Th Rd, Astoria, NY 11102
      View Details
    • $2,700,000
      4,500 SF

      Astoria 5-Family Investment Property

      High-Income, Legal 5-Family in Prime Astoria
      1426 30Th Dr, Astoria, NY 11102
      View Details
    • $2,300,000

      Astoria Retail & Warehouse Opportunity

      Corner commercial property on Astoria's 30th Avenue with high visibility.
      29-30 12Th St, Queens, NY 11102
      View Details
    • $1,099,000

      Astoria Two-Family Duplex Opportunity

      Two duplex apartments in Astoria with expansion potential.
      1151 Welling Ct, Queens, NY 11102
      View Details
    • $1,980,000

      Well-Maintained Three-Family Home

      Spacious apartments with bonus rooms, shared laundry, and private backyard.
      3011 23Rd St, Queens, NY 11102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,134 SF

      Astoria Mixed-Use Retail Opportunity

      Retail space in a waterfront mixed-use development in Astoria, Queens.
      26-02 1St St, Queens, NY 11102
      View Details
    • $3,300 /Mo
      1,100 SF

      Modern Office Space in Astoria

      Move-in-ready office space in a prime Astoria location.
      3119 Newtown Ave, Astoria, NY 11102
      View Details
    • $45 SF/Yr
      20,000 SF

      Astoria Medical Office Plaza

      Prime Queens location, diverse office spaces.
      27-47 Crescent St, Queens, NY 11102
      View Details
    • Contact for pricing
      4,329 SF

      Queens Retail Space For Rent

      Retail space available in a premier Queens shopping center.
      21247-21267 26Th Ave, Queens, NY 11102
      View Details
    • $13,935 /Mo

      Astoria, NY 11102

      ASTORIA WAREHOUSE WITH 20 FOOT HIGH CEILINGS FOR LEASE
      Astoria, NY 11102
      View Details
    • $7,250 /Mo

      Astoria Medical/Community Facility Condo

      1,936 SF medical/community facility condo for sale or lease.
      27-17 Crescent St, Queens, NY 11102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3038 14th St
    Long Island City, NY 11102-3995
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.