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Property profile & analytics
OFF-MARKET
Estimated value
$7,980,000
Warehouses
4120 39th St, Long Island City, NY 11104-4202
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0771578
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
39,000 SF
Lot
0.44 ac (19,000 SF)
Zoning code
M1-4
APN
00215-0016
UPID
US63-0771578
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
$8.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.98M
Owner & transaction history
Jx Holdings LLC · 5 yrs held
Jx Holdings LLC
since 2021
Last sale
$10.3M
6 recorded transactions
Zoning & alternative use
M1-4 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.0M
+8.1%
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
$6,795,000
ML approach
$8,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,020,000
Current use
INDUSTRIAL (GENERAL)
$12,990,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$7.98M
Range $7.18M – $8.78M · ±10% · vs last sale $10.25M (Jan 14 2021)
Last sale anchor
$10.25M
Jan 14 2021
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
$205 / 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
$222,661
Tax year 2024
Assessed value
$3,000,600
Assessed 2024
Previous assessed
$3,036,600
-1.2% YoY
Effective rate
7.42%
On assessed value
Assessed land
$464,400
Assessed improvement
$2,536,200
Land market value
$1,032,000
Improvement market value
$5,636,000
Total market value
$6,668,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
1
Stories
4
Units
3
Total area
39,000 SF
Lot
0.44 ac (19,000 SF)
Zoning code
M1-4
APN
00215-0016
UPID
US63-0771578
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-4 · Long Island City, NY
Zoning M1-4 · permitted uses
M1-4 · 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
WAREHOUSE, STORAGE Current
Est. value
$12.0M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
2001
Heating
NONE
Stories
4
Buildings
1
Units
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Jx Holdings LLC
Entity
Mailing address
4120 39TH ST, LONG ISLAND CITY, NY 11104-4202
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$10,250,000
Jx Holdings LLC
Boerum Dev LLC
Grant Deed
—
Mar 11, 2015
$13,000,000
Boerum Dev LLC
Anna Louise Realty LLC
Grant Deed
—
Jan 17, 2014
—
Anna Louise Realty LLC
Anna Louise Realty Corp
Deed
$1,000,000 · The Westchester Bank
Dec 26, 2007
—
Anna Louise Realty Corp
—
Deed Of Trust
related
$2,000,000 · Bank Of Smithtown
—
—
Anna Louise Realty LLC
—
Loan Modification
related
$3,600,000 · Westchester Bk
—
—
Anna Louise Realty Corp
—
Deed Of Trust
related
$1,074,595 · Bank Of Smithtown
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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