Financial
Distress signals
Property profile

5608 37th Ave Flushing, NY 11377

OFF-MARKET
Warehouses
Property ID
US63-1547197
52,291 SF 0.57 ac lot Built 1965
Last sale Jan 2023 · $17,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$160k
Tax billed · 2024
Assessed value$1.73M
Assessed land$394k
Assessed improvement$1.34M
Effective rate9.26%

Value estimate

· Sep 2026
$16.90M
$15.21M – $18.59M
Sales comparison$16.56M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$515/SF
Submarket average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$305 – $838
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1-1
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm49.8
Parking Facility32.3
Hotel & Motel18.6

Location

5608 37th Ave Flushing, NY 11377-2450
County assessor Recorded deeds · 12 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7115 51st, Flushing, NY 11377-7608 $6,000,000 Feb 2026 20,400 SF
4514 51st, Flushing, NY 11377-5446 $3,200,000 Apr 2024 14,300 SF
4757 48th, Flushing, NY 11377 $11,500,000 Jan 2024 29,250 SF
6205 30th, Flushing, NY 11377-1229 $50,577,898 Dec 2023 102,056 SF
3927 59th, Flushing, NY 11377-3435 $8,500,000 Sep 2022 14,511 SF
4815 50th, Flushing, NY 11377 $41,700,000 Feb 2022 13,956 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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