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Property profile & analytics
FOR SALE
Apartment buildings
14215 Cherry Ave Flushing, NY 11355
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0816413
For Sale
1 / 9
$13,888,000
14215 Cherry Ave, Flushing, NY 11355
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Total area
17,333 SF
Lot
0.13 ac (5,700 SF)
Zoning code
R7B
APN
05186-0054
UPID
US63-0816413
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.19M
Owner & transaction history
Relmo 14215 Holdings LP · 1 yrs held
Relmo 14215 Holdings LP
since 2025
7 recorded transactions
Zoning & alternative use
R7B · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,850,000
Current use
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$184 / 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
$162,138
Tax year 2024
Assessed value
$1,296,900
Assessed 2024
Previous assessed
$1,532,700
-15.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$179,550
Assessed improvement
$1,117,350
Land market value
$399,000
Improvement market value
$2,483,000
Total market value
$2,882,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
2011
Heating
NONE
Buildings
1
Stories
6
Units
20
Total area
17,333 SF
Lot
0.13 ac (5,700 SF)
Zoning code
R7B
APN
05186-0054
UPID
US63-0816413
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7B · Flushing, NY
Zoning R7B · permitted uses
R7B · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS) 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
2011
Heating
NONE
Stories
6
Buildings
1
Units
20
Lot
0.13 ac
Current owner
From public records · entity-resolved
Relmo 14215 Holdings LP
Entity
Mailing address
14215 CHERRY AVE, FLUSHING, NY 11355-2970
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
$8,500,000
Relmo 14215 Holdings LP
Esq Guy R Vitacco JR
Deed
$6,000,000 · Crosby Lending 2 LLC
Jun 8, 2017
$4,000,000
Cherry Garden LLC
Rong Wang Realty LLC
Trustees Deed
$2,000,000 · Bp3 Cap LLC
Aug 8, 2011
$1,200,000
Rong Wang Realty LLC
43-22 Robinson Realty LLC
Grant Deed
related
—
Jun 29, 2010
$2,400,000
43-22 Robinson Realty LLC
Cherry Tower Condominiums LLC
Grant Deed
—
Jun 5, 2007
$1,350,000
Cherry Tower Condominiums LLC
Arias,jose
Grant Deed
$2,082,000 · Builders Bank
Jul 15, 1999
—
Fanny V Arias
Valencia,juan
Grant Deed
related
$199,500 · American Home Mortgage INC
—
—
Fanny V Arias
—
Deed Of Trust
related
$160,762 · Emigrant Funding Corp
—
—
Cherry Tower Condominiums LLC
—
Deed Of Trust
related
$2,082,000 · Builders 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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