Entity Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1945
Total area
15,705 SF
Lot
0.12 ac (5,267 SF)
Zoning code
C8-1
APN
00735-0020
UPID
US63-0293949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wedding Service Event Planning
-
Advocacy Group
-
Association Or Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.44M
CAP Approach
CAP
$8.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.47M
Owner & transaction history
since 2023
Last sale
$10.1M
1 recorded transaction
Zoning & alternative use
C8-1 · Long Island City, NY
Top alternative use upside
Auto repair, garage
$10.8M
+89.5%
Retail stores
$9.2M
+62.4%
Commercial (general)
$6.4M
+12.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$7.47M
Value range
$6.72M – $8.22M
±10% around blend
Estimated value / SF
$476 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
$6.72M
blend $7.47M
$8.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,705 SF
Lot area
0.12 ac
Year built
1945
Stories
2
APN
00735-0020
Zoning
C8-1
Assessed value
$894,600
Annual tax
$89,494
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.19M
@ 6.5% CAP return
$8.49M
@ 7% CAP return
$7.88M
4
Sales comparison
Partial preview
Sales approach indication
$18.63M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.3 mi away · 15,040 SF
4.3 mi away · 11,636 SF
4.3 mi away · 14,318 SF
5.0 mi away · 16,298 SF
5.1 mi away · 16,123 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 43 sales
$361
+32%
County 217 sales
$547
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $476/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+89%
vs current-use indication
Retail Stores
Commercial (general)
Office Building · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.40%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.40%
9.0%
NOI (est.)
$708k *
Last sale · Feb 2023
$10.12M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.57M
Move the market yield to see immediate price impact.
Value / SF
$610
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.90%7.40%7.90%
$638k
$9.24M
$8.62M
$8.07M
$708k
$10.27M
$9.57M
$8.97M
$779k
$11.29M
$10.53M
$9.86M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$6.30M
2.7 mi · Feb 2026 · $513/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$89,494
Tax year 2024
Assessed value
$894,600
Assessed 2024
Previous assessed
$830,250
+7.8% YoY
Effective rate
10.00%
On assessed value
Assessed land
$51,300
Assessed improvement
$843,300
Land market value
$114,000
Improvement market value
$1,874,000
Total market value
$1,988,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1945
Stories
2
Units
3
Total area
15,705 SF
Lot
0.12 ac (5,267 SF)
Zoning code
C8-1
APN
00735-0020
UPID
US63-0293949
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Long Island City, NYZoning C8-1 · permitted uses
C8-1 · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Stories
2
Units
3
Lot
0.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C8-1
Jurisdiction
Long Island City, NY
Recorded code
C8-1
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3243 49th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
