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Property profile & analytics
OFF-MARKET
Medical Office Space
3611 12th St, Long Island City, NY 11106-5067
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-0769934
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2013
Total area
25,650 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R5D
APN
00351-0014
UPID
US63-0769934
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
Hour Apartment House III Housing · 16 yrs held
Hour Apartment House III Housing
since 2009
7 recorded transactions
Zoning & alternative use
R5D · 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
Assessed value
$2,241,450
Assessed 2024
Previous assessed
$2,196,450
+2.0% YoY
Assessed land
$148,500
Assessed improvement
$2,092,950
Land market value
$330,000
Improvement market value
$4,651,000
Total market value
$4,981,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
5
Units
18
Total area
25,650 SF
Lot
0.23 ac (10,000 SF)
Zoning code
R5D
APN
00351-0014
UPID
US63-0769934
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Long Island City, NY
Zoning R5D · permitted uses
R5D · 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
2013
Heating
NONE
Stories
5
Buildings
1
Units
18
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hour Apartment House III Housing
Individual
Mailing address
3611 12TH ST, LONG ISLAND CITY, NY 11106-5067
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Nov 2, 2011
—
Apartment Hse De Hour III
—
Trustees Deed
related
$2,657,145 · New York State Homeless Hsng
Jul 24, 2009
—
Hour Apartment House III Housing
Hour Children INC
Deed
$290,640
Jan 20, 2009
$610,000
Hour Children INC
Roman Catholic Ch Of Stritas/bor
Grant Deed
—
Nov 1, 2004
—
Joan Incalcaterra
Ingenito,carmela M
Grant Deed
related
—
—
—
Apartment Hse De Hour III
—
Deed Of Trust
related
$1,790,407 · New York City (ny)
—
—
Apartment Hse De Hour III
—
Deed Of Trust
related
$740,027 · New York State Homeless Hsng
—
—
Apartment Hse De Hour III
—
Deed Of Trust
related
$178,218 · New York State Homeless Hsng
—
—
Apartment House Hour III
—
Deed Of Trust
related
$500,000 · Hour Children INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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