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Property profile & analytics
OFF-MARKET
Estimated value
$5,075,000
Office buildings
1532 127th St, Flushing, NY 11356-2353
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1254979
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
18,000 SF
Lot
0.24 ac (10,670 SF)
Zoning code
M1-2
APN
04092-0040
UPID
US63-1254979
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
$4.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.08M
Owner & transaction history
1532 Asj LLC · 4 yrs held
1532 Asj LLC
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
M1-2 · 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
$4,820,000
ML approach
$4,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.08M
Range $4.57M – $5.58M · ±10% · vs last sale $5.35M (Jan 26 2022)
Last sale anchor
$5.35M
Jan 26 2022
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
$282 / 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
$96,489
Tax year 2024
Assessed value
$999,000
Assessed 2024
Previous assessed
$924,192
+8.1% YoY
Effective rate
9.66%
On assessed value
Assessed land
$203,850
Assessed improvement
$795,150
Land market value
$453,000
Improvement market value
$1,767,000
Total market value
$2,220,000
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
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
18,000 SF
Lot
0.24 ac (10,670 SF)
Zoning code
M1-2
APN
04092-0040
UPID
US63-1254979
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Flushing, NY
Zoning M1-2 · permitted uses
M1-2 · 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
1925
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
1532 Asj LLC
Entity
Mailing address
341 BALTUSTROL CIR, ROSLYN, NY 11576-3057
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$5,350,000
1532 Asj LLC
15-32 127 Lac LLC
Deed
$3,147,543 · Provident Bank
Dec 4, 2018
—
15-32 127 Lac LLC
—
Deed
related
$750,000 · Sb One Bk
Jul 26, 2017
$4,100,000
15-32 127 Lac LLC
Local 12 A Abatement Realty Corp
Deed
—
Jul 26, 2017
—
15-32 127 Lac LLC
—
Deed
related
$2,665,000 · Sussex Bk
Oct 14, 2011
$2,300,000
Local 12a Abatement Realty Cor
Jo Holding Corp
Grant Deed
$1,450,000 · Jo Holding Corp
—
—
15-32 127 Lac LLC
—
Deed Of Trust
related
$750,000 · Sb One Bk
—
—
Local 12 A Abatement Realty Co
—
Deed Of Trust
related
$1,785,003 · Radius Bank
—
—
Local 12 A Abatement Realty Co
—
Loan Modification, Consolidation And Extension
related
$2,800,000 · Radius Bank
—
—
15-32 127 Lac LLC
—
Loan Modification, Consolidation And Extension
related
$2,665,000 · Sussex 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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