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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Apartment buildings
8621 112th St, Jamaica, NY 11418-1639
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1243849
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Total area
39,618 SF
Lot
0.81 ac (35,400 SF)
Zoning code
R3X
APN
09226-0042
UPID
US63-1243849
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
$4.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$5.00M
Owner & transaction history
86-21 112 Street LLC · 3 yrs held
86-21 112 Street LLC
since 2022
Last sale
$5.1M
5 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
Method
Estimation
Statistic approach
$4,250,000
ML approach
$4,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±10% · vs last sale $5.10M (Dec 22 2022)
Last sale anchor
$5.10M
Dec 22 2022
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
$126 / 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
$138,077
Tax year 2024
Assessed value
$1,150,650
Assessed 2024
Previous assessed
$1,104,710
+4.2% YoY
Effective rate
12.00%
On assessed value
Assessed land
$63,900
Assessed improvement
$1,086,750
Land market value
$142,000
Improvement market value
$2,415,000
Total market value
$2,557,000
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
1952
Heating
NONE
Buildings
2
Stories
3
Units
40
Total area
39,618 SF
Lot
0.81 ac (35,400 SF)
Zoning code
R3X
APN
09226-0042
UPID
US63-1243849
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
1952
Heating
NONE
Stories
3
Buildings
2
Units
40
Lot
0.81 ac
Current owner
From public records · entity-resolved
86-21 112 Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10731 LIBERTY AVE, OZONE PARK, NY 11417-1812
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$5,095,000
86-21 112 Street LLC
Auburn Realty LLC
Deed
—
May 4, 2016
—
Auburn Realty LLC
—
Deed
related
$1,048,789 · Jp Morgan Chase Bk
Dec 9, 2013
$3,650,000
Auburn Realty LLC
Kruck,galine H
Grant Deed
$2,737,500 · J P Morgan Chase Bank
—
—
Auburn Realty LLC
—
Loan Modification, Consolidation And Extension
related
$3,650,000 · Jp Morgan Chase Bk
—
—
Auburn Realty LLC
—
Deed Of Trust
related
$1,048,789 · Jp Morgan Chase 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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