New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Hotels
3859 12th St, Long Island City, NY 11101-6115
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1035262
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
58,960 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1-3
APN
00472-0635
UPID
US63-1035262
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
-
Temporary Site - Howard Johnson Community Health Centre Health Care Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.43M
Owner & transaction history
Mayflowers Intl Hotel Mgmt Ll · 16 yrs held
Mayflowers Intl Hotel Mgmt Ll
since 2010
7 recorded transactions
Zoning & alternative use
M1-3 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+87.5%
Office building
$2.0M
+60.5%
Auto repair, garage
$1.6M
+27.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,260,000
Current use
COMMERCIAL (GENERAL)
$2,360,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$2,020,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,610,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,320,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
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
$749,240
Tax year 2024
Assessed value
$7,809,750
Assessed 2024
Previous assessed
$6,888,150
+13.4% YoY
Effective rate
9.59%
On assessed value
Assessed land
$675,000
Assessed improvement
$7,134,750
Land market value
$1,500,000
Improvement market value
$15,855,000
Total market value
$17,355,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
11
Units
1
Total area
58,960 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1-3
APN
00472-0635
UPID
US63-1035262
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-3 · Long Island City, NY
Zoning M1-3 · permitted uses
M1-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
11
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mayflowers Intl Hotel Mgmt Ll
Individual
Mailing address
12 BIRCH HL RD, LAKE SUCCESS, NY 11020-1309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Mayflowers International Hotel Mana
—
Deed
related
$10,939,319 · Industrial And Commercial Bank Of China
Apr 12, 2019
—
Mayflowers Intl Hotel Mgmt Ll
—
Deed
related
$25,000,000 · Land Bk/taiwan
Mar 13, 2013
—
Mayflowers Intl Hotel Mgmt Ll
—
Trustees Deed
related
$6,500,000 · Cathay Bank
May 14, 2010
$1,100,000
Mayflowers Intl Hotel Mgmt Ll
Bethel Welding INC
Grant Deed
—
—
—
Mayflowers Intl Hotel Mgmt Ll
—
Loan Modification
related
$23,000,000 · Cathay Bk
—
—
Mayflowers Intl Hotel Mgmt Ll
—
Deed Of Trust
related
$4,213,654 · Land Bk/taiwan
—
—
Mayflowers Intl Hotel Mgmt Ll
—
Loan Modification
related
$25,000,000 · Land Bk/taiwan
—
—
Bethel Welding INC
—
Deed Of Trust
related
$252,827 · Woori America Bank
—
—
Bethel Welding INC
—
Deed Of Trust
related
$85,000 · Great Eastern 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.
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 3859 12th 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
