New search
Property profile & analytics
FOR LEASE
Office buildings
104-70 Queens Blvd, Forest Hills, NY 11375
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1215991
For Lease
1 / 2
$11,155,000
104-70 Queens Blvd, Forest Hills, NY 11375
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1962
Total area
33,150 SF
Lot
0.15 ac (6,742 SF)
Zoning code
R7-1
APN
03175-0070
UPID
US63-1215991
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
-
Simons Donna Counselor
-
Lee Phillip Law Firm
-
Katz Allison M Law Firm
-
Kern Nathaniel Counselor
-
Jorge E. Isdith's Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.16M
Owner & transaction history
Bpp Parker Tower Prop Owner Ll · 7 yrs held
Bpp Parker Tower Prop Owner Ll
since 2018
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 Forest Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Hills 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$337 / 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
$358,862
Tax year 2024
Assessed value
$3,405,150
Assessed 2024
Previous assessed
$3,407,020
-0.1% YoY
Effective rate
10.54%
On assessed value
Assessed land
$454,950
Assessed improvement
$2,950,200
Land market value
$1,011,000
Improvement market value
$6,556,000
Total market value
$7,567,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1962
Heating
NONE
Buildings
1
Stories
5
Units
35
Total area
33,150 SF
Lot
0.15 ac (6,742 SF)
Zoning code
R7-1
APN
03175-0070
UPID
US63-1215991
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.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
5
Buildings
1
Units
35
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bpp Parker Tower Prop Owner Ll
Individual
Mailing address
276 1ST AVE LOOP, NEW YORK, NY 10009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Bpp Parker Tower Property Owner LLC
—
Deed
related
$6,913,000 · Wells Fargo Bank National Association
Dec 17, 2018
—
Parker Queens LP
—
Deed
related
$165,000,000 · Federal Hm Ln Mtg
Nov 19, 2018
$475,000,000
Bpp Parker Tower Prop Owner Ll
Parker Office Building LP
Trustees Deed
related
$104,087,000 · Newmark Knight Frank
Nov 19, 2018
—
Bpp Parker Tower Prop Owner Ll
—
Loan Modification
related
$269,087,000 · Newmark Knight Frank
Oct 16, 2008
—
Forest Hills Parker
—
Deed Of Trust
related
$165,000,000 · Deutsche Bank Berkshire Mtg
—
—
Parker Queens LP
—
Loan Modification
related
$165,000,000 · Federal Hm Ln Mtg
—
—
Forest Hills Parker
—
Deed Of Trust
related
$101,328,872 · Deutsche Bank Berkshire Mtg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
