New search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Motels
11223 Roosevelt Ave, Flushing, NY 11368-2623
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-3434372
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
29,172 SF
Lot
0.32 ac (13,750 SF)
Zoning code
R6B
APN
01786-0038
UPID
US63-3434372
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$380k
Blend (final)
Blend
$515k
Owner & transaction history
Corona Hotel Realty LLC · 15 yrs held
Corona Hotel Realty LLC
since 2011
7 recorded transactions
Zoning & alternative use
R6B · 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
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$580,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$18 / 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
$45,634
Tax year 2024
Assessed value
$2,367,450
Assessed 2024
Previous assessed
$2,334,560
+1.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$433,350
Assessed improvement
$1,934,100
Land market value
$963,000
Improvement market value
$4,298,000
Total market value
$5,261,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
1
Stories
5
Units
1
Total area
29,172 SF
Lot
0.32 ac (13,750 SF)
Zoning code
R6B
APN
01786-0038
UPID
US63-3434372
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Flushing, NY
Zoning R6B · permitted uses
R6B · 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
HOTEL/MOTEL Current
Est. value
$580,000
HOTEL/MOTEL 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
2008
Heating
NONE
Stories
5
Buildings
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Corona Hotel Realty LLC
Entity
Mailing address
11223 ROOSEVELT AVE, FLUSHING, NY 11368-2623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2011
$8,273,269
Corona Hotel Realty LLC
Roosevelt Estate LLC
Deed
$2,000,000 · Empire State Certified Development
Nov 14, 2007
—
Roosevelt Estate LLC
—
Trustees Deed
related
$3,515,000 · United International Bank
Apr 17, 2006
$2,100,000
Roosevelt Estate LLC
Mongelli,ercilia & Giovanni
Grant Deed
related
$985,000 · United Commercial Bank
—
—
Roosevelt Estate LLC
—
Deed Of Trust
related
$3,202,000 · United International Bank
—
—
Corona Hotel Realty LLC
—
Deed Of Trust
related
$4,075,000 · Manufacturers Traders & Trust
—
—
Roosevelt Estate LLC
—
Deed Of Trust
related
$985,000 · United International Bank
—
—
Corona Hotel Realty LLC
—
Loan Modification, Consolidation And Extension
related
$6,300,000 · Suffolk Cnty Nat'l Bk
—
—
United International Bk
—
Deed Of Trust
related
$985,000 · Roosevelt Estate LLC
—
—
Roosevelt Estate LLC
—
Deed Of Trust
related
$3,515,000 · United International Bank
—
—
Roosevelt Estate LLC
—
Deed Of Trust
related
$985,000 · United International Bank
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?”
You own 11223 Roosevelt Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
