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Property profile & analytics
OFF-MARKET
Estimated value
$14,840,000
Office buildings
16-16 Whitestone Ep Sr W Whitestone, NY 11357
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1726989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Total area
108,474 SF
Lot
1.09 ac (47,306 SF)
Zoning code
M1-1
APN
04148-0065
UPID
US63-1726989
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
$12.85M
Blend (final)
Blend
$14.84M
Owner & transaction history
5225 LLC · 15 yrs held
5225 LLC
since 2011
6 recorded transactions
Zoning & alternative use
M1-1 · Whitestone, 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 Whitestone submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitestone 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.84M
Range $13.36M – $16.32M · ±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
$137 / 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
$1,068,160
Tax year 2024
Assessed value
$10,292,850
Assessed 2024
Previous assessed
$9,744,840
+5.6% YoY
Effective rate
10.38%
On assessed value
Assessed land
$2,235,150
Assessed improvement
$8,057,700
Land market value
$4,967,000
Improvement market value
$17,906,000
Total market value
$22,873,000
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
1981
Heating
NONE
Buildings
1
Stories
6
Units
6
Total area
108,474 SF
Lot
1.09 ac (47,306 SF)
Zoning code
M1-1
APN
04148-0065
UPID
US63-1726989
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Whitestone, NY
Zoning M1-1 · permitted uses
M1-1 · Whitestone, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitestone. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
6
Buildings
1
Units
6
Lot
1.09 ac
Current owner
From public records · entity-resolved
5225 LLC
Entity
Free & Clear · 15 yrs held
Mailing address
902 CLINT MOORE RD STE #104, BOCA RATON, FL 33487-2846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2014
—
5225 LLC
—
Grant Deed
related
$22,048,000 · People's United Bk
Jul 13, 2011
$12,000,000
5225 LLC
Skanska USA Civil Northeast In
Grant Deed
—
Jun 20, 2008
$1,120,000
USA Civil Northeast In Skanska
New York City Economic Dev Cor
Grant Deed
—
—
—
5225 LLC
—
Deed Of Trust
related
$1,952,000 · People's United Bk
—
—
5225 LLC
—
Loan Modification, Consolidation And Extension
related
$28,960,000 · People's United Bk
—
—
5225 LLC
—
Deed Of Trust
related
$4,959,900 · People's United 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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