Property profile

3858 12th St Long Island City, NY 11101

OFF-MARKET
Residential income homes
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Property ID
US63-1004148
18,682 SF 0.07 ac Built 2015
Last sale Jun 2013·$490,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The Mayfair Inn & Suites is a nine-story micro-hotel constructed in April 2018, built with a steel-and-concrete structure and containing 50 rooms. The property is located on 12th Street in Long Island City, Queens, New York, and many guest rooms offer views of the Manhattan skyline and the East River. Historically, the building has been operated under third-party leasing arrangements, including a short-term triple-net lease and prior use by a not-for-profit charitable association connected to DHS, and the building is configured for hotel use under commercial occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$154k
Tax billed · 2024
Assessed value$1.47M
Assessed land$270k
Assessed improvement$1.20M
Effective rate10.48%

Value estimate

· Nov 2026
$3.45M
$3.11M – $3.80M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$373/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$237 – $451
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-3
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Nursing Home
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nursing Home16.3
Assisted Living Facility13.5
Pet Grooming Service12.9

Location

3858 12th St Long Island City, NY 11101-6116
County assessor Recorded deeds · 13 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2913 39th, Long Island City, NY 11101 $14,317,000 Jan 2026 28,350 SF
2914 40th, Long Island City, NY 11101 $19,000,000 Mar 2025 27,899 SF
3820 28th, Long Island City, NY 11101 $3,700,000 Jan 2024 18,821 SF
3830 28th, Long Island City, NY 11101-2728 $2,943,612 Oct 2023 15,613 SF
3860 13th, Long Island City, NY 11101-6120 $17,000,000 Jul 2023 31,015 SF
3935 27th, Long Island City, NY 11101-3812 $19,673,887 Mar 2022 28,350 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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