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Property profile & analytics
OFF-MARKET
Estimated value
$35,550,000
Office buildings
4802 30th Pl, Long Island City, NY 11101
Entity Owned
~
Est. High Equity
Property ID
US63-0841668
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1926
Total area
141,436 SF
Lot
1.14 ac (49,789 SF)
Zoning code
M2-1
APN
00287-0011
UPID
US63-0841668
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.65M
Blend (final)
Blend
$35.55M
Owner & transaction history
30-02 48th Ave Lic Owner LLC
30-02 48th Ave Lic Owner LLC
since 2026
Last sale
$34.5M
7 recorded transactions
Zoning & alternative use
M2-1 · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$53.3M
+63.6%
Apartment house (5+ units)
$52.8M
+62.0%
Industrial (general)
$47.4M
+45.5%
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
OFFICE BUILDING
$32,590,000
Current use
COMMERCIAL (GENERAL)
$53,325,000
Change: +64% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$52,790,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$47,410,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$40,020,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$35.55M
Range $32.00M – $39.11M · ±10% · vs last sale $34.50M (Jan 6 2026)
Last sale anchor
$34.50M
Jan 6 2026
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
$251 / 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
$1,221,676
Tax year 2024
Assessed value
$11,533,950
Assessed 2024
Previous assessed
$10,933,200
+5.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,016,900
Assessed improvement
$9,517,050
Land market value
$4,482,000
Improvement market value
$21,149,000
Total market value
$25,631,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1926
Heating
NONE
Buildings
1
Stories
3
Units
7
Total area
141,436 SF
Lot
1.14 ac (49,789 SF)
Zoning code
M2-1
APN
00287-0011
UPID
US63-0841668
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Long Island City, NY
Zoning M2-1 · permitted uses
M2-1 · 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
OFFICE BUILDING Current
Est. value
$32.6M
COMMERCIAL (GENERAL)
Est. value
$53.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$52.8M
INDUSTRIAL (GENERAL)
Est. value
$47.4M
WAREHOUSE, STORAGE
Est. value
$40.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1926
Heating
NONE
Stories
3
Buildings
1
Units
7
Lot
1.14 ac
Current owner
From public records · entity-resolved
30-02 48th Ave Lic Owner LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
$34,500,000
30-02 48th Ave Lic Owner LLC
Are-ny Region No. 2 Holding, LLC
Deed
—
Mar 2, 2023
—
Alexandria Real Estate Equities, L.
Are-ny Region No. 2 Mm, LLC
Deed
—
Oct 23, 2018
$75,000,000
Are-ny Region No 2 Holding LLC
Bindery Owner LLC
Grant Deed
—
Jul 1, 2016
—
Bindery Owner LLC
—
Grant Deed
related
$10,727,377 · Private Individual
Mar 31, 2016
—
Bindery Owner LLC
Brickman 48th Ave Lic LLC
Trustees Deed
related
$13,083,291 · Private Individual
Sep 10, 2013
$21,000,000
Brickman 48th Ave Lic LLC
3002-48 Equities LLC
Grant Deed
—
—
—
Bindery Owner LLC
—
Loan Modification, Consolidation And Extension
$23,780,000 · Private Individual
—
—
Brickman 48th Ave Lic LLC
—
Deed Of Trust
related
$13,600,000 · Wells Fargo Bk
—
—
Bindery Owner LLC
—
Deed Of Trust
related
$8,002,622 · Private Individual
—
—
3002-48 Equities LLC
—
Deed Of Trust
related
$1,649,739 · Cibc INC
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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