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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Office buildings
16220 77th Rd, Flushing, NY 11366-1906
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-0745921
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Total area
6,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R3-2
APN
06850-0011
UPID
US63-0745921
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
Current use
Occupant on record · Public records
-
Livingston Electrical Associates, Inc Electrical Service General Contractor
-
Livingston Development Corporation Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
162-20 77th Road LLC · 15 yrs held
162-20 77th Road LLC
since 2011
7 recorded transactions
Zoning & alternative use
R3-2 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.4M
+8.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,510,000
6.5%
$3,240,000
7%
$3,010,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,085,000
Current use
RETAIL STORES
$4,445,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±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
$468 / 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
$87,034
Tax year 2024
Assessed value
$821,700
Assessed 2024
Previous assessed
$798,300
+2.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$432,000
Assessed improvement
$389,700
Land market value
$960,000
Improvement market value
$866,000
Total market value
$1,826,000
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
1972
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
6,000 SF
Lot
0.18 ac (8,000 SF)
Zoning code
R3-2
APN
06850-0011
UPID
US63-0745921
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Flushing, NY
Zoning R3-2 · permitted uses
R3-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING Current
RETAIL STORES
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
1972
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
162-20 77th Road LLC
Entity
Mailing address
16220 77TH RD, FLUSHING, NY 11366-1906
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
162-20 77th Road LLC
—
Deed
related
$170,000 · Preferred Bank
Feb 10, 2021
—
162-20 77th Road, LLC
—
Deed
related
$1,361,690 · Beb Credit Group II, LLC
Apr 26, 2017
—
162-20 77th Road LLC
—
Deed
related
$1,350,000 · Bank Of Hope
Jun 29, 2016
—
162-20 77th Road LLC
—
Deed
related
$1,248,982 · Hsbc Bk USA NA
Mar 4, 2011
—
162-20 77th Road LLC
Livingston,daniel & Victoria
Grant Deed
$500,000 · Hsbc Bank USA
—
—
Bk USA NA Hsbc
—
Deed Of Trust
related
$1,000,000 · Daniel P Livingston
—
—
162-20 77th Road LLC
—
Loan Modification
related
$1,248,982 · Hsbc Bk USA NA
—
—
Bk USA NA Hsbc
—
Deed Of Trust
related
$1,470,832 · 162-20 77th Road LLC
—
—
162-20 77th Road LLC
—
Deed Of Trust
related
$158,975 · Bank Of Hope
—
—
162-20 77th Road LLC
—
Loan Modification, Consolidation And Extension
related
$1,350,000 · Bank Of Hope
—
—
Livingston,daniel P & Victoria
—
Deed Of Trust
related
$1,000,000 · Hsbc
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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