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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
12510 Queens Blvd OF4, Kew Gardens, NY 11415-1519
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2597490
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Total area
1,595 SF
Lot
1.21 ac (52,795 SF)
Zoning code
C4-4
APN
03360-1008
UPID
US63-2597490
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
-
Jake LaSala, Attorney At Law Law Firm
-
Cohen David L Law Firm
-
Cutting Edge Bail Bonds Law Firm
-
De Felice Joseph F Law Firm
-
Kenneth Schreiber | Law Offices Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$585k
Owner & transaction history
Bhc Agency, LLC · 5 yrs held
Bhc Agency, LLC
since 2021
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
C4-4 · Kew Gardens, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$710,000
+43.0%
Retail stores
$685,000
+38.1%
Office building
$590,000
+18.7%
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 Kew Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kew Gardens 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
$560,000
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$495,000
Current use
WAREHOUSE, STORAGE
$710,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$590,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $650k (May 3 2021)
Last sale anchor
$650k
May 3 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
$367 / 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
$28,119
Tax year 2024
Assessed value
$285,373
Assessed 2024
Previous assessed
$253,899
+12.4% YoY
Effective rate
9.85%
On assessed value
Assessed land
$5,394
Assessed improvement
$279,979
Land market value
$11,987
Improvement market value
$622,176
Total market value
$634,163
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
27
Units
1
Total area
1,595 SF
Lot
1.21 ac (52,795 SF)
Zoning code
C4-4
APN
03360-1008
UPID
US63-2597490
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Kew Gardens, NY
Zoning C4-4 · permitted uses
C4-4 · Kew Gardens, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kew Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$495,000
WAREHOUSE, STORAGE
Est. value
$710,000
RETAIL STORES
Est. value
$685,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1960
Heating
NONE
Stories
27
Buildings
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Bhc Agency, LLC
Entity
Mailing address
12510 QUEENS BLVD, KEW GARDENS, NY 11415-1519
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$650,000
Bhc Agency, LLC
David Louis Cohen
Deed
$455,000 · Jpmorgan Chase Bank, N.a
Dec 27, 2010
$130,000
David L Cohen
Schreiber,kenneth J
Grant Deed
—
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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