Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,865,000
Super regional malls
21215 26th Ave Flushing, NY 11360
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3192361
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1961
Total area
198,298 SF
Lot
13.93 ac (606,747 SF)
Zoning code
C4-1
APN
05900-0002
UPID
US63-3192361
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
$2.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.87M
Owner & transaction history
21029 26 Ave LLC · 1 yrs held
21029 26 Ave LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
C4-1 · 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
$2,865,000
ML approach
$2,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,445,000
Current use
Blend value · Realmo final
$2.87M
Range $2.58M – $3.15M · ±10% · vs last sale $2.86M (Oct 21 2024)
Last sale anchor
$2.86M
Oct 21 2024
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
$14 / 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
$4,310,399
Tax year 2024
Assessed value
$40,694,850
Assessed 2024
Previous assessed
$40,694,850
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$32,764,950
Assessed improvement
$7,929,900
Land market value
$72,811,000
Improvement market value
$17,622,000
Total market value
$90,433,000
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
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
1961
Heating
NONE
Buildings
10
Stories
2
Units
47
Total area
198,298 SF
Lot
13.93 ac (606,747 SF)
Zoning code
C4-1
APN
05900-0002
UPID
US63-3192361
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-1 · Flushing, NY
Zoning C4-1 · permitted uses
C4-1 · 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
$2.4M
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
1961
Heating
NONE
Stories
2
Buildings
10
Units
47
Lot
13.93 ac
Current owner
From public records · entity-resolved
21029 26 Ave LLC
Entity
Mailing address
767 5TH AVE STE #2, NEW YORK, NY 10153-0023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
21245 26 Ave LLC
—
Deed
related
$60,270,000
Apr 17, 2025
—
21029 26 Ave LLC
Cord Meyer Development LLC
Deed
—
Oct 21, 2024
$2,864,911
Bp Wildcats LLC
Metro Franchising Bakery, LLC
Deed
—
Oct 6, 2014
—
A & P Real Property LLC
—
Loan Modification
related
$15,200,000 · Jp Morgan Chase Bk
Jun 25, 2014
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
$25,000,000 · Metropolitan Life Insurance
Sep 25, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$445,000,000 · Us Bank NA
Dec 3, 2004
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
$45,000,000 · J P Morgan Chase Bank
—
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
$62,000,000 · Metropolitan Life Insurance
—
—
Metropolitan Life Ins Co
—
Deed Of Trust
related
—
—
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
$5,578,536 · J P Morgan Chase Bank
—
—
Metropolitan Life Ins Co
—
Deed Of Trust
related
—
—
—
Metropolitan Life Ins Co
—
Deed Of Trust
related
—
—
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
—
—
—
Cord Meyer Dev LLC
—
Deed Of Trust
related
$92,000,000 · Metropolitan Life Insurance
—
—
A & P Real Property LLC
—
Loan Modification
related
$37,122,000 · Wells Fargo Bk
—
—
Metropolitan Life Ins Co
—
Deed Of Trust
related
—
—
—
Cord Meyer Dev LLC
—
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 21215 26th Ave?
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.
