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Property profile & analytics
OFF-MARKET
Estimated value
$8,275,000
Hospitals
10201 66th Rd, Flushing, NY 11375-2029
Individually Owned
1-yr Hold
Free & Clear
Property ID
US63-1481974
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1953
Total area
289,415 SF
Lot
1.33 ac (57,978 SF)
Zoning code
R7-1
APN
02131-0016
UPID
US63-1481974
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
Current use
Occupant on record · Public records
-
Forest Hills Hospital Hospital
-
Forest Hills Hospital: Soltani Jahangir MD Physician
-
Forest Hills Hospital: Goldberg Mark MD Physician
-
Forest Hills Hospital: Jameson Angus M MD Physician
-
Forest Hills Hospital: Mc Laughlin Reginald MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$8.28M
Owner & transaction history
Long Island Jewish Medical Center · 1 yrs held
Long Island Jewish Medical Center
since 2025
7 recorded transactions
Zoning & alternative use
R7-1 · 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
MEDICAL BUILDING
$9,020,000
Current use
Blend value · Realmo final
$8.28M
Range $7.45M – $9.10M · ±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
$29 / 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
Assessed value
$28,886,400
Assessed 2024
Previous assessed
$27,986,400
+3.2% YoY
Assessed land
$1,566,000
Assessed improvement
$27,320,400
Land market value
$3,480,000
Improvement market value
$60,712,000
Total market value
$64,192,000
Applied tax rate
4.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1953
Heating
NONE
Buildings
2
Stories
10
Units
1
Total area
289,415 SF
Lot
1.33 ac (57,978 SF)
Zoning code
R7-1
APN
02131-0016
UPID
US63-1481974
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Flushing, NY
Zoning R7-1 · permitted uses
R7-1 · 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
MEDICAL BUILDING Current
Est. value
$9.0M
MEDICAL BUILDING 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
1953
Heating
NONE
Stories
10
Buildings
2
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Long Island Jewish Medical Center
Individual
Free & Clear · 1 yrs held
Mailing address
10201 66TH RD, FLUSHING, NY 11375-2029
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
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Long Island Jewish Medical Center
La Guardia Hospital
Deed
—
May 18, 2012
—
Forest Hills Hospital
—
Deed Of Trust
related
$18,970,000 · Bank Of Ny Mellon
Feb 28, 2012
—
Forest Hills Hosp
—
Deed Of Trust
related
$392,200,000 · Dormitory Auth Of The State Of
Oct 1, 2009
—
Forest Hills Hospital
—
Deed Of Trust
related
$37,500,000 · Miscellaneous Govt Agcy
Nov 7, 2005
—
Forest Hills Hospital
—
Deed Of Trust
related
$123,600,000 · Miscellaneous Govt Agcy
—
—
Forest Hills Hospital
—
Loan Modification
related
$60,890,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$50,215,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$81,230,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$392,200,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Deed Of Trust
related
$37,500,000 · Miscellaneous Govt Agcy
—
—
Forest Hills Hospital
—
Loan Modification
related
$10,390,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$123,265,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$161,545,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$235,615,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$50,000,000 · Bank Of Ny Mellon (ce)
—
—
Dormitory Auth Of The State
—
Deed Of Trust
related
—
—
—
Forest Hills Hospital
—
Loan Modification
related
$37,500,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$37,500,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$123,600,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Loan Modification
related
$18,970,000 · Bank Of Ny Mellon (ce)
—
—
Forest Hills Hospital
—
Deed Of Trust
related
$50,000,000 · Miscellaneous Govt Agcy
—
—
Forest Hills Hospital
—
Deed Of Trust
related
$18,970,000 · Bank Of Ny Mellon
—
—
Forest Hills Hospital
—
Deed Of Trust
related
$188,907 · Miscellaneous Govt Agcy
—
—
Forest Hills Hospital
—
Loan Modification
related
$8,620,000 · Bank Of Ny Mellon
—
—
Forest Hills Hospital
—
Loan Modification
related
$233,615,000 · Bank Of Ny Mellon
—
—
Forest Hills Hospital
—
Loan Modification
related
$98,125,000 · Bank Of Ny Mellon
—
—
Forest Hills Hospital
—
Loan Modification
related
$137,525,000 · Bank Of Ny Mellon
—
—
Forest Hills Hospital
—
Deed Of Trust
related
$503,640,000 · Bank Of Ny Mellon
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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