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Property profile & analytics
OFF-MARKET
Estimated value
$4,110,000
Office buildings
21435 42nd Ave, Flushing, NY 11361-2993
Entity Owned
20-yr Hold
Free & Clear
Property ID
US63-1768022
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Total area
11,610 SF
Lot
0.1 ac (4,417 SF)
Zoning code
C8-1
APN
06290-0053
UPID
US63-1768022
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
-
Neurological Services-Queens Physician
-
Dr. Marvin Moy, MD Physician Medical Clinic
-
Dr. Niyati N. Trivedi, MD Physician
-
Neurological Services-Queens: Satcher Serena M MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.11M
Owner & transaction history
Ridge Bay Realty LLC · 20 yrs held
Ridge Bay Realty LLC
since 2005
6 recorded transactions
Zoning & alternative use
C8-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$354 / 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
$126,164
Tax year 2024
Assessed value
$1,297,350
Assessed 2024
Previous assessed
$1,156,660
+12.2% YoY
Effective rate
9.72%
On assessed value
Assessed land
$298,350
Assessed improvement
$999,000
Land market value
$663,000
Improvement market value
$2,220,000
Total market value
$2,883,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
4
Units
4
Total area
11,610 SF
Lot
0.1 ac (4,417 SF)
Zoning code
C8-1
APN
06290-0053
UPID
US63-1768022
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Flushing, NY
Zoning C8-1 · permitted uses
C8-1 · 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.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
4
Buildings
1
Units
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ridge Bay Realty LLC
Entity
Free & Clear · 20 yrs held
Mailing address
42 2ND 215TH ST, BAYSIDE, NY 11361
Ownership since
2005
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
Nov 25, 2005
$550,000
Ridge Bay Realty LLC
Tanenbaum,daniel M & Mark J
Grant Deed
—
Jan 6, 2005
—
Sethe R Tanenbaum
Tanenbaum,joseph
Quit Claim Deed
related
—
May 21, 2004
—
Ridamaset Co
Tanenbaum,joseph
Grant Deed
related
—
Sep 23, 1997
—
Augusta Land LLC
Tanenbaum,joseph
Grant Deed
related
—
—
—
Fedl S Maspeth
—
Loan Modification
related
$1,957,912 · Anthony
—
—
Fedl S Maspeth
—
Deed Of Trust
related
$2,100,000 · Anhony Chiodi
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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