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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Banks
11209 Queens Blvd, Flushing, NY 11375
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0771533
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1983
Total area
518,929 SF
Lot
1.8 ac (78,495 SF)
Zoning code
C4-2
APN
02270-0041
UPID
US63-0771533
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
American Tower Investments, LLC · 5 yrs held
American Tower Investments, LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C4-2 · 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
$1,655,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.70M (May 13 2021)
Last sale anchor
$1.70M
May 13 2021
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
$3 / 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
$2,378,243
Tax year 2024
Assessed value
$23,817,150
Assessed 2024
Previous assessed
$22,102,920
+7.8% YoY
Effective rate
9.99%
On assessed value
Assessed land
$4,941,000
Assessed improvement
$18,876,150
Land market value
$10,980,000
Improvement market value
$41,947,000
Total market value
$52,927,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
1
Stories
16
Units
136
Total area
518,929 SF
Lot
1.8 ac (78,495 SF)
Zoning code
C4-2
APN
02270-0041
UPID
US63-0771533
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Flushing, NY
Zoning C4-2 · permitted uses
C4-2 · 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
1983
Heating
NONE
Stories
16
Buildings
1
Units
136
Lot
1.8 ac
Current owner
From public records · entity-resolved
American Tower Investments, LLC
Entity
Mailing address
11209 QUEENS BLVD, FLUSHING, NY 11375
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$1,696,842
American Tower Investments, LLC
Catalyst Investors IV, L.p.
Deed
—
Jul 6, 2018
—
Cet LLC
—
Loan Modification
related
$75,350,000 · Miscellaneous Ins Co
Dec 28, 2016
—
Cet LLC
—
Loan Modification, Consolidation And Extension
related
$36,171,717 · Ladder Cap Fin
Apr 13, 2012
—
C E Towers LLC
—
Grant Deed
related
$25,062,767 · Comptroller Of The State (ce)
—
—
Ce Towers LLC
—
Loan Modification, Consolidation And Extension
related
$24,480,436 · Comptroller Of The State (ce)
—
—
C E Towers LLC
—
Loan Modification
related
$24,775,553 · Comptroller Of The State (ce)
—
—
Cet LLC
—
Deed Of Trust
related
$28,658,381 · Ladder Capital Finance I LLC
—
—
Cet LLC
—
Deed Of Trust
related
$9,592,769 · Ladder Capital Finance I LLC
—
—
Cet LLC
—
Loan Modification, Consolidation And Extension
related
$24,395,848 · Ladder Capital Finance I LLC
—
—
Cet LLC
—
Deed Of Trust
related
$3,939,664 · Ladder Cap Fin
—
—
Cet LLC
—
Loan Modification, Consolidation And Extension
related
$13,532,433 · Ladder Cap Fin
—
—
Cet LLC
—
Deed Of Trust
related
$7,513,335 · Ladder Cap Fin
—
—
Cet LLC
—
Deed Of Trust
related
$251,132 · Miscellaneous Ins Co
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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