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Property profile & analytics
OFF-MARKET
Banks
3121 Newtown Ave, Long Island City, NY 11102
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-1175301
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Total area
74,365 SF
Lot
0.29 ac (12,574 SF)
Zoning code
C4-4A
APN
00619-0014
UPID
US63-1175301
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
Newtown Property Holdings LLC · 21 yrs held
Newtown Property Holdings LLC
since 2005
7 recorded transactions
Zoning & alternative use
C4-4A · 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
$89,894
Tax year 2024
Assessed value
$8,739,900
Assessed 2024
Previous assessed
$10,382,400
-15.8% YoY
Effective rate
1.03%
On assessed value
Assessed land
$848,700
Assessed improvement
$7,891,200
Land market value
$1,886,000
Improvement market value
$17,536,000
Total market value
$19,422,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
10
Units
3
Total area
74,365 SF
Lot
0.29 ac (12,574 SF)
Zoning code
C4-4A
APN
00619-0014
UPID
US63-1175301
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4A · Long Island City, NY
Zoning C4-4A · permitted uses
C4-4A · 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
2011
Heating
NONE
Stories
10
Buildings
1
Units
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Newtown Property Holdings LLC
Entity
Mailing address
3501 30TH AVE STE #300, LONG ISLAND CITY, NY 11103-4662
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2017
—
Newtown Property Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$11,441,000 · New York Cmnty Bk
Apr 30, 2013
—
New York Cmnty Bk
—
Deed Of Trust
related
$136,225,000 · 228 West 4th Owners Corp
Mar 18, 2013
—
Newtown Property Holdings LLC
—
Grant Deed
related
$12,525,000 · New York Community Bank
May 4, 2012
—
Newtown Property Holdings LLC
—
Grant Deed
related
$3,500,000 · Berkshire Bank
Aug 10, 2011
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$9,200,000 · Ladder Capital Finance LLC
Jun 16, 2005
$4,320,000
Newtown Property Holdings LLC
Eisert,curtis
Grant Deed
$4,400,000 · Park Avenue Bank
—
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$4,400,000 · Berkshire Bank
—
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$4,400,000 · Berkshire Bank
—
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$900,000 · Berkshire Bank
—
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$149,277 · Ladder Capital Finance LLC
—
—
Newtown Prop Holdings LLC
—
Deed Of Trust
related
$9,100,000 · First Central Savings Bank
—
—
Newtown Property Holdings LLC
—
Deed Of Trust
related
$3,500,000 · Berkshire Bank
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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