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Property profile & analytics
OFF-MARKET
Estimated value
$9,990,000
Apartment buildings
9131 Lamont Ave, Flushing, NY 11373-2713
Entity Owned
~
Est. High Equity
Property ID
US63-5612936
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
67,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R7B
APN
01568-0040
UPID
US63-5612936
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
$11.97M
Blend (final)
Blend
$9.99M
Owner & transaction history
Brg Lamont Housing Development Fund
Brg Lamont Housing Development Fund
since 2025
7 recorded transactions
Zoning & alternative use
R7B · Flushing, 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 Flushing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flushing 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
APARTMENT HOUSE (5+ UNITS)
$16,415,000
Current use
Blend value · Realmo final
$9.99M
Range $8.99M – $10.99M · ±10%
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
$149 / 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
$316,598
Tax year 2024
Assessed value
$2,558,250
Assessed 2024
Previous assessed
$2,546,701
+0.5% YoY
Effective rate
12.38%
On assessed value
Assessed land
$337,500
Assessed improvement
$2,220,750
Land market value
$750,000
Improvement market value
$4,935,000
Total market value
$5,685,000
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
1961
Heating
NONE
Buildings
1
Stories
6
Units
83
Total area
67,000 SF
Lot
0.34 ac (15,000 SF)
Zoning code
R7B
APN
01568-0040
UPID
US63-5612936
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7B · Flushing, NY
Zoning R7B · permitted uses
R7B · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1961
Heating
NONE
Stories
6
Buildings
1
Units
83
Lot
0.34 ac
Current owner
From public records · entity-resolved
Brg Lamont Housing Development Fund
Entity
Mailing address
711 STEWART AVE STE #100, GARDEN CITY, NY 11530-4719
Mailing matches property
Yes
Owner-occupied
Yes
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Brg Lamont Housing Development Fund
Brg Lamont LLC
Deed
—
Jan 5, 2021
—
Brg Lamont LLC
—
Deed
related
$9,351,400 · New York Cmnty Bk
Sep 3, 2013
$10,000,000
Brg Lamont LLC
Qpii - 91-31 Lamont Avenue LLC
Deed
—
May 15, 2013
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$10,150,000 · Prudential Ind'l Props LLC
Apr 5, 2013
—
Qpii-91-31 Lamont Avenue LLC
—
Grant Deed
related
$6,062,544 · Prudential Ind'l Props LLC
Mar 22, 2011
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$147,746,835 · Prudential Industrial Props Ll
Mar 1, 2011
—
Qpii-102-43/45 Corona Ave Ll
—
Deed Of Trust
related
$10,000,000 · Prudential Ind'l Props LLC
Feb 3, 2011
—
Qpii-91-31 Lamont Ave LLC
—
Deed Of Trust
related
$7,180,833 · Prudential Industrial Props Ll
Jul 8, 2008
—
102-43 45 Corona Avenue LLC
—
Deed Of Trust
related
$175,000,000 · Prudential Insurance Co
Feb 15, 2008
$12,310,000
Qpii-91-31 Lamont Avenue LLC
Far Realty LLC
Grant Deed
$2,190,197 · Prudential Insurance Co
—
—
Brg 3752 LLC
—
Loan Modification
related
$27,975,000 · Bank United
—
—
Qpii-91-31 Lamont Avenue LLC
—
Deed Of Trust
related
$896,669 · Prudential Ind'l Props LLC
—
—
Qpii-102-43/45 Corona Ave Ll
—
Loan Modification
related
$7,308,530 · Prudential Ind'l Props LLC
—
—
Brg Gleane LLC
—
Deed Of Trust
related
$9,408,251 · Bankunited Fsb
—
—
Far Realty LLC
—
Deed Of Trust
related
$3,057,153 · Independence Community Bank
—
—
Brg Lamont LLC
—
Loan Modification
related
$9,351,400 · New York Cmnty Bk
—
—
Qpii-91-31 Lamont Avenue LLC
—
Deed Of Trust
related
$7,180,833 · Prudential Insurance Co
—
—
Brg Gleane LLC
—
Loan Modification, Consolidation And Extension
related
$60,000,000 · Bankunited Fsb
—
—
Qpii-102-43/45 Corona Ave Ll
—
Loan Modification
related
$107,644 · Prudential Ind'l Props LLC
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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