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Property profile & analytics
FOR SALE
Office buildings
150-15 41St Ave Flushing, NY 11354
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-5982962
For Sale
1 / 7
$8,250,000
150-15 41St Ave, Flushing, NY 11354
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Total area
18,029 SF
Lot
0.16 ac (6,809 SF)
Zoning code
R5
APN
05034-0010
UPID
US63-5982962
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
-
Park Jung Ryeol Physician
-
Murray Hill Plaza Apartment Building
-
M J Physical Therapy Medical Group
-
Flushing Medical Clinic Physician
-
Best After School High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.58M
Owner & transaction history
Murray Hill Plaza LLC · 19 yrs held
Murray Hill Plaza LLC
since 2006
7 recorded transactions
Zoning & alternative use
R5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$254 / 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
$87,864
Tax year 2024
Assessed value
$897,750
Assessed 2024
Previous assessed
$751,950
+19.4% YoY
Effective rate
9.79%
On assessed value
Assessed land
$517,500
Assessed improvement
$380,250
Land market value
$1,150,000
Improvement market value
$845,000
Total market value
$1,995,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
2008
Heating
NONE
Buildings
1
Stories
3
Units
4
Total area
18,029 SF
Lot
0.16 ac (6,809 SF)
Zoning code
R5
APN
05034-0010
UPID
US63-5982962
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Flushing, NY
Zoning R5 · permitted uses
R5 · 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
2008
Heating
NONE
Stories
3
Buildings
1
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Murray Hill Plaza LLC
Entity
Mailing address
4301 37TH ST, LONG ISLAND CITY, NY 11101-1706
Ownership since
2006
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
Sep 27, 2018
—
Murray Hill Plaza LLC
—
Deed
related
$2,900,000 · Bank Of Hope
Nov 15, 2006
—
Murray Hill Plaza LLC
Kim,jeewha & Seungho
Grant Deed
related
$2,500,000 · Wilshire State Bank
Jul 3, 2004
$1,150,000
Seungho Kim
Frankini,anthony C
Grant Deed
related
$715,000 · Great Eastern Bank
—
—
Murray Hill Plaza LLC
—
Deed Of Trust
related
$3,600,000 · Wilshire State Bank
—
—
Murray Hill Plaza LLC
—
Loan Modification
related
$3,303,069 · Wilshire State Bank
—
—
Murray Hill Plaza LLC
—
Loan Modification
related
$2,900,000 · Bank Of Hope
—
—
Murray Hill Plaza LLC
—
Deed Of Trust
related
$1,100,000 · Wilshire State Bank
—
—
Murray Hill Plaza LLC
—
Deed Of Trust
related
$2,500,000 · Wilshire State 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?”
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