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Financial
Distress signals
Property profile

107-24 Springfield Blvd Queens Village, NY 11429

FOR LEASE
Retail residential properties
Property ID
US63-1464658
2,600 SF 0.04 ac lot Built 1925
Last sale Jun 2016 · $440,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a ground-floor retail space of approximately 2,000 square feet delivered in a white-box condition, with configuration possible for the tenant’s needs, and includes an additional approximately 1,000 square feet of basement area for storage, inventory, or other ancillary functions as permitted by applicable approvals. It fronts Springfield Boulevard in Queens Village, along a mixed commercial and residential corridor, with Hempstead Avenue located nearby. The zoning classification…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$13k
Tax billed · 2024
Assessed value$126k
Assessed land$40k
Assessed improvement$86k
Effective rate10.59%

Value estimate

· Oct 2026
$380k
$342k – $418k
AI approach$270k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$8k
Operating expenses−$14k
NOI · 823.85% cap applied$32k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$312/SF
Submarket average, outlier-cleaned · 621 recorded sales of this use type
Observed band · Q1–Q3$231 – $399
Qualifying comparables21

Cap rate analysis

How does the asset earn?
823.85%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R3-2
This district is designed to supports low density residential development, allowing various housing types except zero lot line buildings,...
General categoryRESIDENTIAL
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 Firm58.1
Skin Care Clinic25.1
Dental Office23.8

Location

107-24 Springfield Blvd Queens Village, NY 11429
County assessor Recorded deeds · 4 transfers 21 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22011 Hempstead, Jamaica, NY 11429-2118 $500,000 Mar 2020 2,750 SF
20602 Hollis, Jamaica, NY 11429-1428 $2,200,000 Jun 2019 9,412 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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