39 Ave Ave Long Island City, NY 11101
Entity Owned
4-yr Hold
~
Est. High Equity
Estimated value (blended)
$6.25M
Range $5.62M – $6.87M (±10%)
Property ID
US63-4839841
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2023
Total area
61,258 SF
Lot
0.2 ac (8,800 SF)
Zoning code
M13R7X
APN
00382-0029
UPID
US63-4839841
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.15M
CAP Approach
CAP
$12.13M
Comparable Approach
Comparable
$9.35M
Blend (final)
Blend
$6.25M
Owner & transaction history
since 2022
Last sale
$9.5M
5 recorded transactions
Zoning & alternative use
M13R7X · Long Island City, 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 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.25M
Value range
$5.62M – $6.87M
±10% around blend
Estimated value / SF
$102 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$5.62M
blend $6.25M
$6.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
61,258 SF
Lot area
0.2 ac
Year built
2023
Stories
9
APN
00382-0029
Assessed value
$1,804,500
Annual tax
$203,410
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.14M
@ 6.5% CAP return
$12.13M
@ 7% CAP return
$11.27M
4
Sales comparison
Partial preview
Sales approach indication
$11.00M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 76,000 SF
6.8 mi away · 74,745 SF
7.5 mi away · 66,056 SF
10.8 mi away · 49,041 SF
14.5 mi away · 64,455 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 63 sales
$377
-73%
Submarket 240 sales
$397
-74%
County 1912 sales
$386
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $102/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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$9.52M
Move the market yield to see immediate price impact.
Value / SF
$155
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%
$600k
$12.00M
$8.57M
$6.66M
$666k
$13.33M
$9.52M
$7.41M
$733k
$14.66M
$10.47M
$8.15M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$995k
6.4 mi · Sep 2025 · $22/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$203,410
Tax year 2024
Assessed value
$1,804,500
Assessed 2024
Previous assessed
$199,620
+804.0% YoY
Effective rate
11.27%
On assessed value
Assessed land
$435,600
Assessed improvement
$1,368,900
Land market value
$968,000
Improvement market value
$3,042,000
Total market value
$4,010,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2023
Heating
NONE
Buildings
1
Stories
9
Units
65
Total area
61,258 SF
Lot
0.2 ac (8,800 SF)
Zoning code
M13R7X
APN
00382-0029
UPID
US63-4839841
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M13R7X · Long Island City, NYZoning M13R7X · permitted uses
M13R7X · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
9
Buildings
1
Units
65
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M13R7X
Jurisdiction
Long Island City, NY
Recorded code
M13R7X
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.
They do not confirm beneficial ownership or intent to transact.
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