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Property profile & analytics
OFF-MARKET
Apartment buildings
3049 Cres St Long Island City, NY 11102-3228
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2358317
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Total area
53,796 SF
Lot
0.46 ac (19,999 SF)
Zoning code
R6A
APN
00577-0019
UPID
US63-2358317
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
Cv Metropolitan II, LLC · 1 yrs held
Cv Metropolitan II, LLC
since 2025
Last sale
$224.8M
7 recorded transactions
Zoning & alternative use
R6A · 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
$489,791
Tax year 2024
Assessed value
$3,917,700
Assessed 2024
Previous assessed
$3,780,450
+3.6% YoY
Effective rate
12.50%
On assessed value
Assessed land
$317,250
Assessed improvement
$3,600,450
Land market value
$705,000
Improvement market value
$8,001,000
Total market value
$8,706,000
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
Off-Market
Year built
1926
Heating
NONE
Buildings
1
Stories
4
Units
87
Total area
53,796 SF
Lot
0.46 ac (19,999 SF)
Zoning code
R6A
APN
00577-0019
UPID
US63-2358317
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
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Stories
4
Buildings
1
Units
87
Lot
0.46 ac
Current owner
From public records · entity-resolved
Cv Metropolitan II, LLC
Entity
Free & Clear · 1 yrs held
Mailing address
40 W 57TH ST FL #17, NEW YORK, NY 10019-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
$224,835,274
Cv Metropolitan II, LLC
To Metropolitan Portfolio Member Ll
Deed
—
Dec 18, 2018
—
30-49 Crescent Investor LLC
—
Deed
related
$14,000,000 · Signature Bk
Nov 26, 2007
$11,500,000
30-49 Crescent Investor LLC
The Big Four LLC, A New York Limite
Deed
$4,024,056 · The Dime Savings Bank Williamsburgh
—
—
30-49 Crescent Investor LLC
—
Loan Modification, Consolidation And Extension
related
$14,450,000 · Signature Bk
—
—
30-49 Crescent Investor LLC
—
Loan Modification
related
$14,000,000 · Signature Bk
—
—
30-49 Crescent Investor LLC
—
Deed Of Trust
related
$1,457,179 · New York Community Bank
—
—
30-49 Crescent Investor LLC
—
Deed Of Trust
related
$9,250,000 · New York Community Bank
—
—
Big Four LLC
—
Deed Of Trust
related
$710,030 · Washington Mutual Fsb
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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