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Property profile & analytics
OFF-MARKET
Office buildings
3501 36th St, Long Island City, NY 11106-1335
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1270806
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1928
Total area
49,000 SF
Lot
0.38 ac (16,532 SF)
Zoning code
M1-5
APN
00640-0017
UPID
US63-1270806
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
-
Cantina Mexicana Restaurant
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
35-01 Astoria Owner LLC · 3 yrs held
35-01 Astoria Owner LLC
since 2022
Last sale
$37.2M
7 recorded transactions
Zoning & alternative use
M1-5 · 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
$375,859
Tax year 2024
Assessed value
$3,703,050
Assessed 2024
Previous assessed
$3,478,140
+6.5% YoY
Effective rate
10.15%
On assessed value
Assessed land
$372,150
Assessed improvement
$3,330,900
Land market value
$827,000
Improvement market value
$7,402,000
Total market value
$8,229,000
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
1928
Heating
NONE
Buildings
1
Stories
4
Units
10
Total area
49,000 SF
Lot
0.38 ac (16,532 SF)
Zoning code
M1-5
APN
00640-0017
UPID
US63-1270806
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · Long Island City, NY
Zoning M1-5 · permitted uses
M1-5 · 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
4
Buildings
1
Units
10
Lot
0.38 ac
Current owner
From public records · entity-resolved
35-01 Astoria Owner LLC
Entity
Mailing address
4060 INCE BLVD, CULVER CITY, CA 90232-2602
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
35-01 Astoria Owner LLC
—
Deed
related
$9,522,686 · Provident Bank
Jul 14, 2022
—
35-01 Astoria Owner LLC
Sm Qozb 1 LLC
Deed
$11,477,314 · Provident Bank
Jan 14, 2022
—
Astoria Blackwell LLC
—
Deed
related
$251,966,668 · Deutsche Bank Ag, New York Branch
Jan 6, 2022
$37,218,609
Kaufman Astoria Studios Holdings, L
Pierce & Blackwell LLC
Deed
—
Oct 25, 2019
$5,000,000
Sm Qqozb 1 Lc
Lila Rehns
Grant Deed
—
Jun 6, 2019
—
Astoria Blackwell LLC
—
Loan Modification
related
$14,000,000 · Manufacturers & Traders Tr
Feb 7, 2017
$24,000,000
Astoria Blackwell LLC
36-02 35th Ave Development L L C
Deed
$2,500,000 · Manufacturers & Traders Trust Co
Feb 7, 2017
—
Astoria Blackwell LLC
—
Loan Modification, Consolidation And Extension
related
$14,000,000 · Manufacturers & Traders Tr
Jul 5, 2007
—
Coml Re Finance I Countrywide
—
Deed Of Trust
related
$9,800,000 · 36-02 35th Ave Dev LLC
May 10, 2004
$3,775,000
36-02 35th Ave Development LLC
Dla Enterprises LLC
Grant Deed
related
—
—
—
36-02 35th Ave Dev LLC
—
Deed Of Trust
related
$3,400,000 · J P Morgan Chase 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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