Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Super regional malls
15024 Northern Blvd Flushing, NY 11354-3881
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0007342
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1997
Total area
65,422 SF
Lot
0.63 ac (27,350 SF)
Zoning code
R6A
APN
05032-0016
UPID
US63-0007342
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
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$580k
Owner & transaction history
Pako Realty Corp · 10 yrs held
Pako Realty Corp
since 2015
7 recorded transactions
Zoning & alternative use
R6A · 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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$512,483
Tax year 2024
Assessed value
$4,838,400
Assessed 2024
Previous assessed
$4,881,150
-0.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$756,000
Assessed improvement
$4,082,400
Land market value
$1,680,000
Improvement market value
$9,072,000
Total market value
$10,752,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
1
Stories
3
Units
15
Total area
65,422 SF
Lot
0.63 ac (27,350 SF)
Zoning code
R6A
APN
05032-0016
UPID
US63-0007342
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Flushing, NY
Zoning R6A · permitted uses
R6A · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER 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
1997
Heating
NONE
Stories
3
Buildings
1
Units
15
Lot
0.63 ac
Current owner
From public records · entity-resolved
Pako Realty Corp
Entity
Mailing address
15015 41ST AVE3A, FLUSHING, NY 11354-4917
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Pako Realty Corp
—
Deed
related
$1,500,000 · Bank Of Hope
Mar 31, 2017
—
Pako Realty Corp
—
Loan Modification, Consolidation And Extension
related
$18,400,000 · Bank Of Hope
Aug 4, 2015
$26,500,000
Pako Realty Corp
15024 Emmut Properties LLC
Grant Deed
$12,250,000 · Bbcn Bk
May 24, 2012
—
15024 Emmut Properties LLC
—
Grant Deed
related
$13,000,000 · Hsbc Bank USA
Nov 4, 2011
$13,408,636
15024 Emmut Properties LLC
Joseph N Misk Referee
Deed
$8,500,000 · Brick 2019 Capital LLC
Aug 14, 2008
—
Roosevelt Avenue Corp
—
Trustees Deed
related
$3,600,000 · Million New York INC
Nov 16, 2006
$1,500,000
Grace Properties Holding LLC
Roosevelt Avenue Corp
Grant Deed
—
Oct 7, 2005
$20,100,000
Roosevelt Avenue Corp
Sk New York LLC
Grant Deed
$14,000,000 · Intervest National Bank
—
—
Roosevelt Avenue Corp
—
Deed Of Trust
related
$3,200,000 · Richard S J & Do Y Kim
—
—
Redstone USA Corp
—
Deed Of Trust
related
$3,600,000 · Million New York INC
—
—
Pako Realty Corp
—
Deed Of Trust
related
$2,158,805 · Bank Of Hope
—
—
Roosevelt Avenue Corp
—
Deed Of Trust
related
$3,000,000 · Er Holdings LLC
—
—
Roosevelt Avenue Corp
—
Deed Of Trust
related
$3,000,000 · Young S Yoo
—
—
Hsbc Bk USA
—
Deed Of Trust
related
—
—
—
Pako Realty Corp
—
Deed Of Trust
related
$1,500,000 · Bank Of Hope
—
—
15024 Emmut Properties LLC
—
Deed Of Trust
related
$1,500,000 · Hsbc Bank USA
—
—
Pako Realty Corp
—
Deed Of Trust
related
$4,750,000 · Bbcn Bk
—
—
Hsbc Bk USA
—
Deed Of Trust
related
—
—
—
Hsbc Bk USA
—
Deed Of Trust
related
—
—
—
Hsbc Bk USA
—
Deed Of Trust
related
—
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?”
You own 15024 Northern Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
