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Property profile & analytics
OFF-MARKET
Estimated value
$18,190,000
Apartment buildings
9019 88th Ave, Jamaica, NY 11421-2100
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6226482
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
150,000 SF
Lot
1.18 ac (51,357 SF)
Zoning code
R3-1
APN
08932-0033
UPID
US63-6226482
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
$20.75M
Blend (final)
Blend
$18.19M
Owner & transaction history
Five Boroughs Holdings LLC · 1 yrs held
Five Boroughs Holdings LLC
since 2024
Last sale
$18.5M
7 recorded transactions
Zoning & alternative use
R3-1 · 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
$15,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.19M
Range $16.37M – $20.01M · ±10% · vs last sale $18.45M (Apr 8 2024)
Last sale anchor
$18.45M
Apr 8 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
$121 / 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
$490,747
Tax year 2024
Assessed value
$3,925,350
Assessed 2024
Previous assessed
$3,761,100
+4.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$924,300
Assessed improvement
$3,001,050
Land market value
$2,054,000
Improvement market value
$6,669,000
Total market value
$8,723,000
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
1930
Heating
NONE
Buildings
1
Stories
4
Units
127
Total area
150,000 SF
Lot
1.18 ac (51,357 SF)
Zoning code
R3-1
APN
08932-0033
UPID
US63-6226482
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.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
4
Buildings
1
Units
127
Lot
1.18 ac
Current owner
From public records · entity-resolved
Five Boroughs Holdings LLC
Entity
Mailing address
10818 QUEENS BLVD STE #302, FOREST HILLS, NY 11375-4758
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
$18,453,766
Five Boroughs Holdings LLC
5b Realty Company LLC
Deed
—
Jul 5, 2024
$2,050,418
Five Boroughs Holdings LLC
Bronstein Equities LLC
Deed
—
Mar 30, 2021
—
Woodhaven 88 LLC
—
Deed
related
$20,600,000 · Signature Bank
Mar 14, 2007
$13,550,000
Woodhaven 88 LLC
Wyckoff Park Associates
Grant Deed
—
—
—
Woodhaven 88 LLC
—
Loan Modification, Consolidation And Extension
related
$19,350,000 · Bankunited Fsb
—
—
Woodhaven 88 LLC
—
Deed Of Trust
related
$3,837,301 · Bankunited Fsb
—
—
Woodhaven 88 LLC
—
Deed Of Trust
related
$7,332,683 · New York Community Bank
—
—
Woodhaven 88 LLC
—
Deed Of Trust
related
$5,567,171 · New York Community Bank
—
—
Woodhaven 88 LLC
—
Loan Modification
related
$15,930,000 · New York Community Bank
—
—
Woodhaven 88 LLC
—
Deed Of Trust
related
$10,800,000 · New York Commercial Bank
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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