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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Parking lots & garages
21302 42nd Aveg34 Flushing, NY 11361-2248
Individually Owned
3-yr Hold
Free & Clear
Property ID
US63-2231323
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Total area
153 SF
Zoning code
R6B
APN
06284-1034
UPID
US63-2231323
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
-
Howard Gordon DDS Dental Office
-
Pat Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$665k
Owner & transaction history
Hui Ming Shieh Chung · 3 yrs held
Hui Ming Shieh Chung
since 2022
Last sale
$895,000
6 recorded transactions
Zoning & alternative use
R6B · 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
$655,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $895k (Nov 5 2025)
Last sale anchor
$895k
Nov 5 2025
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
$4,346 / 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
$877
Tax year 2024
Assessed value
$8,936
Assessed 2024
Previous assessed
$8,345
+7.1% YoY
Effective rate
9.81%
On assessed value
Assessed land
$1,140
Assessed improvement
$7,796
Land market value
$2,534
Improvement market value
$17,324
Total market value
$19,858
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Heating
NONE
Buildings
1
Stories
9
Units
1
Total area
153 SF
Zoning code
R6B
APN
06284-1034
UPID
US63-2231323
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Flushing, NY
Zoning R6B · permitted uses
R6B · 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
Heating
NONE
Stories
9
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Hui Ming Shieh Chung
Individual
Free & Clear · 3 yrs held
Mailing address
21302 42ND AVE APT 8D, BAYSIDE, NY 11361-2873
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Hui Ming Shieh Chung
Chen Shieh Shih
Intrafamily Transfer
related
—
Dec 5, 2016
$725,000
Shih C Shieh
Kim,brian A & Kwang W
Grant Deed
—
Mar 19, 2007
$570,000
Brian A Kim
Chong,lan Y
Grant Deed
$417,000 · * Other Institutional Lenders
Oct 26, 2004
$420,000
Lan Y Chong
Son,janet & Pom Sok
Grant Deed
$294,000
—
—
Brian A Kim
—
Deed Of Trust
related
$412,000 · * Other Institutional Lenders
—
—
Brian A Kim
—
Deed Of Trust
related
$6,985 · * Other Institutional Lenders
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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