Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15720 Willets Pt Blvd Flushing, NY 11357-3903

    • Apartment buildings
    • 4,132 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1133728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 15720 Willets Pt Blvd

    Year built
    1960
    Lot size
    0.10 lot acres
    Property size
    4,132 SF
    Zone code
    R3-1
    Property type
    Apartment buildings
    APN
    04860-0012
    APU
    48600012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,148,000
      Market price range: $656k - $1.24M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $920,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8054
    Latitude
    40.7787
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $38,886
    $7,200
    $338,400
    $345,600
    -
    $16,000
    $752,000
    $768,000

    Comparable in this City

    • Value Estimation
      $990,000
      5,600 SF

      2014 146th St

      APARTMENT HOUSE (5+ UNITS) • 5,600 SF
      2014 146th St, Flushing, NY 11357-3412
      View Details
    • Value Estimation
      $575,000
      3,360 SF

      1240 157th St

      APARTMENT HOUSE (5+ UNITS) • 3,360 SF
      1240 157th St, Flushing, NY 11357-1964
      View Details
    • Value Estimation
      $990,000
      5,600 SF

      2010 146th St

      APARTMENT HOUSE (5+ UNITS) • 5,600 SF
      2010 146th St, Flushing, NY 11357-3400
      View Details
    • Value Estimation
      $835,000
      4,400 SF

      14526 20th Ave

      APARTMENT HOUSE (5+ UNITS) • 4,400 SF
      14526 20th Ave, Flushing, NY 11357-3467
      View Details
    • Value Estimation
      $895,000
      4,800 SF

      2020 146th St

      APARTMENT HOUSE (5+ UNITS) • 4,800 SF
      2020 146th St, Flushing, NY 11357-3452
      View Details
    • Value Estimation
      $4,255,000
      24,927 SF

      1322 147th St

      APARTMENT HOUSE (5+ UNITS) • 24,927 SF
      1322 147th St, Flushing, NY 11357-2402
      View Details

    Similar Nearby for Sale

    • $335,000

      Renovated Apartment with Eastern Exposure

      Recently renovated apartment with abundant natural light and community amenities.
      7-25 166Th St, Flushing, NY 11357
      View Details
    • $310,000

      Clean Coop Unit with Updates

      Well-maintained two-bedroom coop with updated kitchen and in-unit laundry.
      17-45 160Th St, Flushing, NY 11357
      View Details
    • $245,000

      Upper Corner Apartment with Attic

      Desirable apartment near transportation, shopping, and recreation.
      16-10 160Th St, Flushing, NY 11357
      View Details
    • $420,000

      Renovated Apartment with Modern Amenities

      Updated 2-bedroom apartment with terrace, amenities, and convenient transportation.
      724 166Th St, Flushing, NY 11357
      View Details
    • $399,000

      Updated Co-op with Sunset Views

      Two-bedroom co-op with updated kitchen and resort-style amenities.
      1101 162Nd St, Flushing, NY 11357
      View Details
    • $485,000

      Spacious Apartment with Private Terrace

      Three-bedroom apartment with terrace, modern kitchen, and community amenities.
      162-31 9Th St, Queens, NY 11357
      View Details

    Similar Nearby for Lease

    • $3,100 /Mo

      Spacious Whitestone 3-Bedroom Apartment

      Comfortable 3-bedroom apartment in Whitestone, close to amenities.
      15-62 Murray St, Flushing, NY 11357
      View Details
    • $2,200 /Mo

      Updated Whitestone Apartment For Rent

      Renovated 1-bedroom apartment in Whitestone, pet-friendly and near transportation.
      14-11 147Th St, Flushing, NY 11357
      View Details
    • $5,000 /Mo
      1,668 SF

      Renovated Commercial Unit in Whitestone

      Fully renovated commercial unit in the heart of Whitestone, NY.
      1527 149Th St, Whitestone, NY 11357
      View Details
    • Contact for pricing
      9,500 SF

      Warehouse, Office, and Land Package

      Warehouse, office, and land available for lease in Whitestone, NY.
      18-2 Petracca Pl, College Point, NY 11357
      View Details
    • $2,800 /Mo

      Retail Space in Whitestone, NY

      Storefront retail space available for lease in Whitestone.
      149-23 14Th Ave, Whitestone, NY 11357
      View Details
    • $4,800 /Mo

      Storefront Commercial Space in Whitestone

      1150 SF storefront with basement on busy street for lease.
      145-10 14Th Ave, Whitestone, NY 11357
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15720 Willets Pt Blvd
    Flushing, NY 11357-3903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.