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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Investment properties
3107 Steinway St Long Island City, NY 11103-3908
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-2992160
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1928
Total area
5,700 SF
Lot
0.11 ac (4,750 SF)
Zoning code
R5
APN
00678-0039
UPID
US63-2992160
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
Current use
Occupant on record · Public records
-
Zales (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
31-01 Steinway LLC · 21 yrs held
31-01 Steinway LLC
since 2004
7 recorded transactions
Zoning & alternative use
R5 · 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,315,000
Current use
OFFICE BUILDING
$2,060,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,900,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10%
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
$295 / 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
$126,071
Tax year 2024
Assessed value
$1,190,250
Assessed 2024
Previous assessed
$1,233,450
-3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$450,000
Assessed improvement
$740,250
Land market value
$1,000,000
Improvement market value
$1,645,000
Total market value
$2,645,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
5,700 SF
Lot
0.11 ac (4,750 SF)
Zoning code
R5
APN
00678-0039
UPID
US63-2992160
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Long Island City, NY
Zoning R5 · permitted uses
R5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
31-01 Steinway LLC
Entity
Mailing address
110 E 42ND ST RM #1100, NEW YORK, NY 10017-8535
Ownership since
2004
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
Dec 8, 2022
—
31-01 Steinway LLC
—
Deed
related
$250,000 · Webster Bank, National Association
Jul 18, 2017
—
31-01 Steinway LLC
—
Loan Modification, Consolidation And Extension
related
$6,250,000 · Td Bk NA
Apr 11, 2012
—
31-01 Steinway LLC
—
Deed Of Trust
related
$6,500,000 · Td Bank NA
Dec 30, 2004
—
31-01 Steinway LLC
Steinway Associates
Quit Claim Deed
related
$2,751,000 · Independence Community Bank
—
—
Signature Bk
—
Deed Of Trust
related
$1,200,000 · 31st Steinway Partners LLC
—
—
31st Steinway Partners LLC
—
Deed Of Trust
related
$239,371 · Signature Bank
—
—
Steinway Associates
—
Deed Of Trust
related
$1,000,000 · Ronald Dimasi
—
—
Assocs Steinway
—
Deed Of Trust
related
$499,000 · Steinway Funding Assocs
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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