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Property profile & analytics
OFF-MARKET
Estimated value
$19,100,000
Warehouses
4750 30th St, Long Island City, NY 11101-3404
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4038936
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1942
Total area
52,500 SF
Lot
1.29 ac (56,105 SF)
Zoning code
M3-2
APN
00115-0187
UPID
US63-4038936
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
$19.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.10M
Owner & transaction history
Cm Lic Studios 30th Street II LLC · 2 yrs held
Cm Lic Studios 30th Street II LLC
since 2024
Last sale
$19.1M
4 recorded transactions
Zoning & alternative use
M3-2 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$30.8M
+107.5%
Commercial (general)
$19.8M
+33.2%
Apartment house (5+ units)
$19.6M
+31.9%
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
$19,100,000
ML approach
$19,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,855,000
Current use
RETAIL STORES
$30,825,000
Change: +107% · Conversion: Moderate
COMMERCIAL (GENERAL)
$19,795,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,595,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$17,595,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$12,095,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$19.10M
Range $17.19M – $21.01M · ±10% · vs last sale $19.10M (Jan 11 2024)
Last sale anchor
$19.10M
Jan 11 2024
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
$364 / 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
$213,449
Tax year 2024
Assessed value
$2,166,300
Assessed 2024
Previous assessed
$1,940,760
+11.6% YoY
Effective rate
9.85%
On assessed value
Assessed land
$959,400
Assessed improvement
$1,206,900
Land market value
$2,132,000
Improvement market value
$2,682,000
Total market value
$4,814,000
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
1942
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
52,500 SF
Lot
1.29 ac (56,105 SF)
Zoning code
M3-2
APN
00115-0187
UPID
US63-4038936
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-2 · Long Island City, NY
Zoning M3-2 · permitted uses
M3-2 · 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
$14.9M
RETAIL STORES
Est. value
$30.8M
COMMERCIAL (GENERAL)
Est. value
$19.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.6M
INDUSTRIAL (GENERAL)
Est. value
$17.6M
OFFICE BUILDING
Est. value
$12.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
OFFICE 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
1942
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Cm Lic Studios 30th Street II LLC
Entity
Mailing address
85 POST XING APT A1, SOUTHAMPTON, NY 11968-3463
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
$19,100,000
Cm Lic Studios 30th Street II LLC
Are-ny Region No. 3 Holding, LLC
Deed
$10,750,000 · Beb Credit Opportunity Fund, LP
Mar 2, 2023
—
Alexandria Real Estate Equities, L.
Are-ny Region No. 3 Mm, LLC
Deed
—
Jul 25, 2019
$25,000,000
Are-ny Region No 3 Holding LLC
Prestone Realty LLC
Grant Deed
—
Jan 20, 2006
$7,250,000
Prestone Realty LLC
Milton Paper Company INC
Deed
$6,720,000 · Citibank NA
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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