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Property profile & analytics
OFF-MARKET
Apartment buildings
8602 Frst Pkwy, Jamaica, NY 11421-1125
Entity Owned
~
Est. High Equity
Property ID
US63-6265687
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Total area
42,000 SF
Lot
0.35 ac (15,076 SF)
Zoning code
R3X
APN
08847-0357
UPID
US63-6265687
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
A&e Aerep II Acquisition, LLC
A&e Aerep II Acquisition, LLC
since 2025
Last sale
$840.8M
7 recorded transactions
Zoning & alternative use
R3X · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$230,009
Tax year 2024
Assessed value
$1,995,300
Assessed 2024
Previous assessed
$1,823,310
+9.4% YoY
Effective rate
11.53%
On assessed value
Assessed land
$376,650
Assessed improvement
$1,618,650
Land market value
$837,000
Improvement market value
$3,597,000
Total market value
$4,434,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
4
Units
47
Total area
42,000 SF
Lot
0.35 ac (15,076 SF)
Zoning code
R3X
APN
08847-0357
UPID
US63-6265687
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3X · Jamaica, NY
Zoning R3X · permitted uses
R3X · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
NONE
Stories
4
Buildings
1
Units
47
Lot
0.35 ac
Current owner
From public records · entity-resolved
A&e Aerep II Acquisition, LLC
Entity
Mailing address
40 W 57TH ST FL #17, NEW YORK, NY 10019-4001
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
$61,492,235
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Dec 9, 2025
—
The Ucla Foundation
A&e Aerep II Acquisition, LLC
Deed
—
Dec 9, 2025
$6,309,598
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Sep 23, 2025
$840,755,347
A&e Sre Aerep II Sub, LLC
A&e Real Estate Partnership II, LLC
Deed
—
Feb 26, 2021
—
86-02 Forest Parkway, LLC
—
Deed
related
$6,770,258 · Signature Bank
Feb 17, 2021
$14,232,075
Metropolitan Portfolio Vi Ventures,
Eae Ventures III, LLC
Deed
—
Feb 4, 2021
$596,509,933
Harvard Private Capital Realty, INC
Atlantic Wfh Investor, LLC
Deed
—
Feb 4, 2021
$147,016
Eae Atlantic II, INC.
Eae Ventures III, LLC
Deed
—
Feb 4, 2021
$18,191,358
Metropolitan Portfolio Vi Ventures,
Atlantic Wfh Investor, LLC
Deed
—
Feb 4, 2021
$62,036,986
Metropolitan Portfolio Vi Ventures,
Eae Ventures III, LLC
Deed
—
Nov 30, 2016
—
86-02 Forest Parkway LLC
—
Deed
related
$6,150,000 · Signature Bk
Dec 20, 2013
$6,796,992
86-02 Forest Parkway LLC
Qpi-llc
Grant Deed
$4,850,000 · Signature Bank
Oct 31, 2006
$4,492,099
Qpi-i LLC
86-02 Forest Parkway LLC
Grant Deed
—
—
—
119-21 Metropolitan Ave Hldg
—
Loan Modification
related
$172,784,160 · Signature Bk
—
—
Qpi-i LLC
—
Deed Of Trust
related
$18,915,840 · Wells Fargo Bk N #2006-c5 (ce)
—
—
Fargo Bk NA Wells
—
Loan Modification
related
$192,000,000 · Wells Fargo Bank
—
—
86-02 Forest Parkway LLC
—
Loan Modification
related
$6,150,000 · Signature Bk
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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