Entity Owned Property summary
AI-generated overview
The property is a nightlife venue located at 37-02 Astoria Blvd S in Astoria, Queens. It encompasses approximately 14,577 square feet on a lot of about 0.1111 acres and is configured with an entertainment-oriented interior including live DJ setups and a designated dance floor. The venue also has service features associated with hookah and bottle service and is arranged to support the offering of cocktails and food.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1948
Total area
14,577 SF
Lot
0.12 ac (5,150 SF)
Zoning code
R6B
APN
00653-0043
UPID
US63-1201409
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
-
Construction Company
-
Spa & Massage Center
-
Advertising Agency Marketing & Advertising
-
Architect
-
Tattoo & Piercing Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$3.21M
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
R6B · Astoria, NY
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.21M
Value range
$2.88M – $3.53M
±10% around blend
Estimated value / SF
$220 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
$2.88M
blend $3.21M
$3.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,577 SF
Lot area
0.12 ac
Year built
1948
Stories
6
APN
00653-0043
Zoning
R6B
Assessed value
$969,300
Annual tax
$100,171
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$12.42M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.0 mi away · 14,318 SF
4.4 mi away · 15,040 SF
4.6 mi away · 11,636 SF
5.5 mi away · 16,298 SF
5.6 mi away · 16,123 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 43 sales
$361
-39%
County 217 sales
$547
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $220/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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.
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
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$969k
Move the market yield to see immediate price impact.
Value / SF
$66
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
5.00%7.00%9.00%
$61k
$1.22M
$872k
$679k
$68k
$1.36M
$969k
$754k
$75k
$1.49M
$1.07M
$829k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$6.30M
3.4 mi · Feb 2026 · $513/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$100,171
Tax year 2024
Assessed value
$969,300
Assessed 2024
Previous assessed
$964,260
+0.5% YoY
Effective rate
10.33%
On assessed value
Assessed land
$227,250
Assessed improvement
$742,050
Land market value
$505,000
Improvement market value
$1,649,000
Total market value
$2,154,000
Applied tax rate
4.0000
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
1948
Heating
NONE
Buildings
1
Stories
6
Units
6
Total area
14,577 SF
Lot
0.12 ac (5,150 SF)
Zoning code
R6B
APN
00653-0043
UPID
US63-1201409
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Astoria, NYZoning R6B · permitted uses
R6B · Astoria, 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
1948
Heating
NONE
Stories
6
Buildings
1
Units
6
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
R6B
Jurisdiction
Astoria, NY
Recorded code
R6B
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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