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    For Sale (11)

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    Flushing Commercial Building For Sale
    $2,390,000
    4,000 SF

    Flushing Commercial Building For Sale

    Commercial building with learning center, residential unit, garage, and driveway.

    164-05 35Th Ave, Flushing, NY 11358
    View details
    Flushing Commercial Space at Prince
    $4,800,000
    7,308 SF

    Flushing Commercial Space at Prince

    Commercial space in downtown Flushing, near transportation and amenities.

    37-20 Prince St, Flushing, NY 11354
    View details
    Long Island City Multi-Unit Building
    $1,800,000
    1,632 SF

    Long Island City Multi-Unit Building

    Multi-unit property in Long Island City, Queens, totaling 1,632 square feet.

    13-09 40Th Ave, Long Island City, NY 11101
    View details
    Flushing Multi-Unit Investment Opportunity
    $1,299,000
    0.07 Acres

    Flushing Multi-Unit Investment Opportunity

    Detached multi-unit property on high-visibility corner lot in Flushing.

    45-01 Utopia Pkwy, Flushing, NY 11358
    View details
    Mixed-Use Building in Corona, NY
    $2,650,000

    Mixed-Use Building in Corona, NY

    Four-story mixed-use building with commercial space and residential units.

    104-29 Roosevelt Ave, Corona, NY 11368
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    Mixed-Use Property in Corona, NY
    $2,650,000

    Mixed-Use Property in Corona, NY

    Four-story mixed-use building with commercial space and multifamily units.

    104-29 Roosevelt Ave, Corona, NY 11368
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    Bayside Two-Family Home with Garden
    $1,490,000
    1,750 SF

    Bayside Two-Family Home with Garden

    Meticulously maintained two-family home in desirable Bayside neighborhood.

    43-19 205Th St, Bayside, NY 11361
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    Commercial Building in Jackson Heights
    $3,999,999
    2,000 SF

    Commercial Building in Jackson Heights

    High-visibility commercial building with strong income potential in Queens.

    3753 82Nd St, Jackson Heights, NY 11372
    View details
    Bay Ridge Multi-Unit Investment Opportunity
    $3,500,000
    8,502 SF

    Bay Ridge Multi-Unit Investment Opportunity

    Mixed-use property with residential and commercial units in prime location.

    8325 5 Ave Bay, Ridge, NY 11209
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    Bay Ridge Mixed-Use Investment Property
    $3,500,000
    8,502 SF

    Bay Ridge Mixed-Use Investment Property

    Mixed-use building with residential units and commercial storefronts in Brooklyn.

    8325 5 Ave Bay, Ridge, NY 11209
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    Mixed-Use Building Near Transportation
    Contact for pricing
    4,572 SF

    Mixed-Use Building Near Transportation

    Mixed-use building near subway and retail in Queens.

    40-42 82Nd St, Queens, NY 11373
    View details

    For Lease (4)

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    Ridgewood Retail Space For Lease
    $4,400 / Mo
    1,100 SF

    Ridgewood Retail Space For Lease

    Retail space in excellent condition with high foot and vehicle traffic.

    6077 Myrtle Ave, Ridgewood, NY 11385
    View details
    Bayside Medical Office For Lease
    $3,000 / Mo

    Bayside Medical Office For Lease

    1,000 sq ft medical office space in prime location.

    213-44 40Th Ave, Bayside, NY 11361
    View details
    College Point Commercial Space Available
    $2,500 / Mo

    College Point Commercial Space Available

    Bright commercial space in College Point, ready for immediate occupancy.

    18-22 College Point Blvd, College Point, NY 11356
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    College Point Retail Space Available
    $3,000 / Mo

    College Point Retail Space Available

    Newly renovated commercial space in College Point with high foot traffic.

    21-01 College Point Blvd, College Point, NY 11356
    View details

    Leases and Sales on Map

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    Request Owner's contact information
    EAST COAST NEW YORK INC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    EAST COAST NEW YORK INC
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