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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Theaters & concert halls
13527 Northern Blvd, Flushing, NY 11354
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-5998141
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1929
Total area
80,541 SF
Lot
0.95 ac (41,509 SF)
Zoning code
R6
APN
04958-0038
UPID
US63-5998141
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Queens Theater Owner LLC · 9 yrs held
Queens Theater Owner LLC
since 2016
7 recorded transactions
Zoning & alternative use
R6 · 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$9 / 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
$443,150
Tax year 2024
Assessed value
$4,843,800
Assessed 2024
Previous assessed
$3,753,882
+29.0% YoY
Effective rate
9.15%
On assessed value
Assessed land
$3,833,100
Assessed improvement
$1,010,700
Land market value
$8,518,000
Improvement market value
$2,246,000
Total market value
$10,764,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1929
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
80,541 SF
Lot
0.95 ac (41,509 SF)
Zoning code
R6
APN
04958-0038
UPID
US63-5998141
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Flushing, NY
Zoning R6 · permitted uses
R6 · 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
1929
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Queens Theater Owner LLC
Entity
Mailing address
150 E 52ND ST STE, NEW YORK, NY 10022-6017
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Queens Theater Owner LLC
—
Deed
related
$8,425,000 · Rko Flushing Development LLC
May 16, 2019
—
Queens Theater Owner LLC
—
Deed
related
$16,000,000 · 135-35 Northern Blvd 1 LLC
Aug 23, 2016
$65,775,000
Queens Theater Owner LLC
Flushing Square LLC
Grant Deed
—
Dec 24, 2013
$30,000,000
Flushing Square LLC
Northern Rko LLC
Grant Deed
—
May 7, 2010
$1,000,000
Northern Rko LLC
Farrington St Developers LLC
Grant Deed
—
May 7, 2010
$19,000,000
Northern Rko LLC
Rko Plaza LLC
Grant Deed
—
May 7, 2010
—
Northern Rko LLC
—
Loan Modification, Consolidation And Extension
related
$20,000,000 · Doral Bk
May 14, 2008
—
Farrington St Developers LLC
—
Deed Of Trust
related
$20,000,000 · Doral Bk Fsb
Oct 18, 2007
—
Farrington St Developers LLC
—
Grant Deed
related
$6,600,000 · Arbor Realty SR
Sep 5, 2007
—
Farrington St Developers LLC
—
Grant Deed
related
$6,600,000 · Arbor Realty SR
—
—
Farrington St Developers LLC
—
Deed Of Trust
related
$13,400,000 · Doral Bk Fsb
—
—
Northern Rko LLC
—
Deed Of Trust
related
$20,000,000 · Doral Bank
—
—
Farrington St Developers LLC
—
Deed Of Trust
related
$6,600,000 · Arbor Realty SR INC
—
—
Flushing Square LLC
—
Loan Modification
related
$17,527,500 · Doral Bank
—
—
Farrington St Developers LLC
—
Deed Of Trust
related
$6,600,000 · Arbor Realty SR
—
—
Farrington St Developers LLC
—
Deed Of Trust
related
$6,600,000 · Arbor Realty SR INC
—
—
Queens Theater Owner LLC
—
Deed Of Trust
related
$10,000,000 · 135-35 Northern Blvd 1 LLC
—
—
Queens Theater Owner LLC
—
Deed Of Trust
related
$16,000,000 · 135-35 Northern Blvd 1 LLC
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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