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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Apartment buildings
8869 Eldert Ln, Jamaica, NY 11421-2326
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-4098546
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1915
Total area
1,444 SF
Lot
0.04 ac (1,763 SF)
Zoning code
R3-1
APN
08894-0084
UPID
US63-4098546
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
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Jose D Contreras · 4 yrs held
Jose D Contreras
since 2021
Last sale
$920,000
7 recorded transactions
Zoning & alternative use
R3-1 · Jamaica, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$645,000
+83.7%
Retail stores
$620,000
+77.4%
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
$880,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$645,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (Oct 7 2021)
Last sale anchor
$920k
Oct 7 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
$637 / 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
$4,547
Tax year 2024
Assessed value
$144,450
Assessed 2024
Previous assessed
$36,369
+297.2% YoY
Effective rate
3.15%
On assessed value
Assessed land
$76,050
Assessed improvement
$68,400
Land market value
$169,000
Improvement market value
$152,000
Total market value
$321,000
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
1915
Heating
NONE
Buildings
1
Stories
2
Units
10
Total area
1,444 SF
Lot
0.04 ac (1,763 SF)
Zoning code
R3-1
APN
08894-0084
UPID
US63-4098546
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-1 · Jamaica, NY
Zoning R3-1 · permitted uses
R3-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$645,000
RETAIL STORES
Est. value
$620,000
WAREHOUSE, STORAGE
RETAIL STORES
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
1915
Heating
NONE
Stories
2
Buildings
1
Units
10
Lot
0.04 ac
Current owner
From public records · entity-resolved
Jose D Contreras
Individual
Mailing address
8869 ELDERT LN, WOODHAVEN, NY 11421-2326
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$920,000
Jose D Contreras
Vazirani Property Management LLC
Deed
$903,336 · Mers
Oct 22, 2020
$575,000
Vazirani Prop Mgmt LLC
Fannie Mae
Warranty Deed
—
Jul 13, 2017
$779,458
Federal Natl Mtg Assn
Referee Of Queens County|oropeza,navor
Trustees Deed
—
Feb 19, 2014
—
Ozone Park Management Corp
Oropeza,navor
Quit Claim Deed
—
Feb 9, 2007
$604,200
Ciro C Diaz
Lloyd Arnold
Deed
$120,900 · Jpmorgan Chase Bank NA
Jun 17, 2005
—
Lloyd Arnold
Lloyd Arnold
Intrafamily Transfer
related
$370,000 · Alliance Mortgage Banking Corp
Jan 15, 2004
$365,000
Lloyd Arnold
Dookie,curtis
Grant Deed
$292,000 · Ameritrust Mortgage Bankers
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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