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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office buildings
3102 47th Ave, Long Island City, NY 11101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0771528
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1922
Total area
573,224 SF
Lot
2.76 ac (120,008 SF)
Zoning code
M1-4
APN
00281-0001
UPID
US63-0771528
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
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Jamestown 47th Avenue LP · 3 yrs held
Jamestown 47th Avenue LP
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
M1-4 · 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
$960,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.30M (Jul 7 2023)
Last sale anchor
$1.30M
Jul 7 2023
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
$2 / 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
$3,706,257
Tax year 2024
Assessed value
$34,991,100
Assessed 2024
Previous assessed
$37,431,450
-6.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$5,940,000
Assessed improvement
$29,051,100
Land market value
$13,200,000
Improvement market value
$64,558,000
Total market value
$77,758,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1922
Heating
NONE
Buildings
1
Stories
6
Units
51
Total area
573,224 SF
Lot
2.76 ac (120,008 SF)
Zoning code
M1-4
APN
00281-0001
UPID
US63-0771528
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-4 · Long Island City, NY
Zoning M1-4 · permitted uses
M1-4 · 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
1922
Heating
NONE
Stories
6
Buildings
1
Units
51
Lot
2.76 ac
Current owner
From public records · entity-resolved
Jamestown 47th Avenue LP
Entity
Mailing address
430 PARK AVE FL #12, NEW YORK, NY 10022-3505
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
—
3100 47th Avenue Property Investors
—
Deed
related
$10,000,000 · Parlex 5 Finco, LLC
Mar 1, 2024
—
3100 47th Avenue Property Investors
—
Deed
related
$10,000,000 · Parlex 5 Finco, LLC
Aug 31, 2023
—
3100 47th Avenue Property Investors
—
Deed
related
$10,000,000 · Parlex 5 Finco, LLC
Jul 7, 2023
$1,300,000
Jamestown 47th Avenue LP
Samuel Aaron INC
Deed
—
Dec 29, 2016
$256,579,000
3100 47th Avenue Prop Invtrs I
Jamestown 47th Avenue LP
Grant Deed
$171,200,000 · Private Individual
Dec 29, 2016
—
3100 47th Avenue Prop Invtrs I
—
Deed
related
$171,200,000 · Private Individual
Nov 7, 2016
—
Tourneau LLC
—
Deed
related
$3,000,000 · Us Bank NA
Oct 31, 2014
—
Jamestown 47th Avenue LP
—
Loan Modification
related
$48,000,000 · Capital One NA
Jun 22, 2012
$81,200,000
Jamestown 47th Ave LP
Cf 31-00 Falchi LLC
Grant Deed
$9,404,688 · Capital One
Aug 18, 2010
—
Cf 31-00 Falchi LLC
—
Deed Of Trust
related
$44,500,000 · Us Bank NA
May 17, 2005
—
Ianvil Holdings LLC
Ianvil Holdings LLC
Quit Claim Deed
related
$4,414,141 · Wachovia Bank NA
Feb 4, 2005
$30,289,493
Ianvil Holdings LLC
31-00 47th Avenue LLC
Grant Deed
—
—
—
Jamestown 47th Avenue LP
—
Deed Of Trust
related
$40,856,934 · Capital One
—
—
3100 47th Avenue Prop Invtrs I
—
Loan Modification, Consolidation And Extension
related
$171,200,000 · Private Individual
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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