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Property profile & analytics
OFF-MARKET
Drive through restaurants
1501 149th St Flushing, NY 11357-2520
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2493441
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1950
Total area
2,332 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R3A
APN
04662-0001
UPID
US63-2493441
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
by Request
Owner & transaction history
15-01 Whitestone LLC · 8 yrs held
15-01 Whitestone LLC
since 2018
7 recorded transactions
Zoning & alternative use
R3A · 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
—
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
$30,333
Tax year 2024
Assessed value
$309,150
Assessed 2024
Previous assessed
$264,550
+16.9% YoY
Effective rate
9.81%
On assessed value
Assessed land
$56,250
Assessed improvement
$252,900
Land market value
$125,000
Improvement market value
$562,000
Total market value
$687,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,332 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R3A
APN
04662-0001
UPID
US63-2493441
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Flushing, NY
Zoning R3A · permitted uses
R3A · 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
1950
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
15-01 Whitestone LLC
Entity
Mailing address
15136 27TH AVE, FLUSHING, NY 11354-1543
Ownership since
2018
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
Feb 13, 2020
—
15-01 Whitestone LLC
—
Deed
related
$1,085,000 · Ponce Bk
Jul 6, 2018
$1,200,000
15-01 Whitestone LLC
15-01 149th Realty LLC
Grant Deed
$900,000 · Acquisition Cap LLC
Feb 11, 2014
$900,000
15-01 149th Realty LLC
My Three Sons LLC
Grant Deed
$300,000 · Ponce De Leon Fsb
Sep 5, 2006
$970,000
My Three Sons LLC
Terzo Realty INC
Grant Deed
—
Apr 11, 2006
—
Terzo Realty INC
—
Trustees Deed
related
$100,000 · Mark Flyer
May 3, 2005
—
Terzo Realty INC
—
Trustees Deed
related
$100,000 · Titan Capital Id LLC
Mar 27, 2001
$450,000
Tergo Realty
Van Madtes Realty LLC
Grant Deed
$275,000 · Kcb Services & Co LLP
—
—
15-01 Whitstone LLC
—
Loan Modification
related
$1,085,000 · Ponce Bk
—
—
15-01 Whitestone LLC
—
Deed Of Trust
related
$185,000 · Ponce Bk
—
—
15-01 Whitestone LLC
—
Deed Of Trust
related
$1,085,000 · Ponce Bk
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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