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Property profile & analytics
OFF-MARKET
Estimated value
$24,500,000
Retail space
3109 Steinway St Long Island City, NY 11103-3908
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2362580
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Total area
2,200 SF
Lot
0.05 ac (2,250 SF)
Zoning code
C4-2A
APN
00678-0038
UPID
US63-2362580
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
$24.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.50M
Owner & transaction history
Bldg Holdings II LLC · 2 yrs held
Bldg Holdings II LLC
since 2024
Last sale
$24.5M
7 recorded transactions
Zoning & alternative use
C4-2A · 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
$24,500,000
ML approach
$24,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$24.50M
Range $22.05M – $26.95M · ±10% · vs last sale $24.50M (Jan 16 2024)
Last sale anchor
$24.50M
Jan 16 2024
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
$11,136 / 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
$59,037
Tax year 2024
Assessed value
$619,200
Assessed 2024
Previous assessed
$559,620
+10.6% YoY
Effective rate
9.53%
On assessed value
Assessed land
$202,500
Assessed improvement
$416,700
Land market value
$450,000
Improvement market value
$926,000
Total market value
$1,376,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,200 SF
Lot
0.05 ac (2,250 SF)
Zoning code
C4-2A
APN
00678-0038
UPID
US63-2362580
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2A · Long Island City, NY
Zoning C4-2A · permitted uses
C4-2A · 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
1928
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Bldg Holdings II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
417 5TH AVE FL, NEW YORK, NY 10016-2204
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
$24,502,400
Bldg Holdings II LLC
Bldg Associates, INC.
Deed
—
Jan 16, 2024
$7,737,600
Bldg Holdings II LLC
Bldg Associates, INC.
Deed
—
Jan 9, 2024
—
Bldg New 93 LLC
Bldg 93 Associates LLC
Deed
—
Nov 6, 2023
—
Bldg 31-09 Steinway Street Tic LLC
Lkd Partners 2004 LLC
Deed
—
Nov 15, 2021
—
Lkd Partners 2004, LLC
—
Deed
related
$2,070,530 · Provident Bank
Aug 23, 2016
—
Partners 2004 LLC
—
Deed
related
$8,475,199 · Manufacturers & Traders Tr
Jul 7, 2011
—
Partners 2004 LLC
—
Deed Of Trust
related
$1,138,423 · M&t R/e Trust (ct)
Jul 17, 2007
—
Lkd Partners 2004 LLC
—
Deed Of Trust
related
$5,198,590 · M & T Real Estate Trust
—
—
Partners 2004 LLC
—
Deed Of Trust
related
$8,475,199 · Manufacturers & Traders Tr
—
—
Partners 2004 LLC
—
Loan Modification, Consolidation And Extension
related
$27,500,000 · Manufacturers & Traders Tr
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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