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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
21701 Merrick Blvd, Laurelton, NY 11413-1900
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2748332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Total area
3,300 SF
Lot
0.07 ac (3,168 SF)
Zoning code
R5D
APN
12956-0039
UPID
US63-2748332
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
-
Western Union Bank Credit Union
-
Bottomline Construction-Development Construction Company
-
Cyd Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.28M
Owner & transaction history
21701 Qns LLC · 4 yrs held
21701 Qns LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R5D · Laurelton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+20.5%
Retail stores
$1.4M
+16.3%
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 Laurelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurelton 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
$1,175,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,785,000
7%
$1,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,220,000
Current use
WAREHOUSE, STORAGE
$1,470,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,420,000
Change: +16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,030,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.32M (Jul 19 2021)
Last sale anchor
$1.32M
Jul 19 2021
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
$388 / 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
$27,712
Tax year 2024
Assessed value
$275,400
Assessed 2024
Previous assessed
$257,670
+6.9% YoY
Effective rate
10.06%
On assessed value
Assessed land
$70,200
Assessed improvement
$205,200
Land market value
$156,000
Improvement market value
$456,000
Total market value
$612,000
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
1956
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
3,300 SF
Lot
0.07 ac (3,168 SF)
Zoning code
R5D
APN
12956-0039
UPID
US63-2748332
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Laurelton, NY
Zoning R5D · permitted uses
R5D · Laurelton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurelton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1956
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
21701 Qns LLC
Entity
Mailing address
21701 MERRICK BLVD, LAURELTON, NY 11413-1900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$1,320,000
21701 Qns LLC
217-01 Merrick LLC
Deed
—
Jan 31, 2019
—
306 West 148th Street LLC
—
Loan Modification
related
$1,825,000 · Avant 306 West 148th LLC
Oct 10, 2017
—
217-01 Merrick LLC
—
Deed
related
$5,000,000 · Other Institutional Lenders
Jun 4, 2013
—
217-01 Merrick LLC
Colours Park Properties INC
Deed
$100,134 · Flushing Bank
—
—
306 West 148th Street LLC
—
Deed Of Trust
related
$357,502 · Avant 306 West 148th LLC
—
—
Flushing Bk
—
Loan Modification
related
$400,000 · 217-01 Merrick LLC
—
—
217-01 Merrick LLC
—
Deed Of Trust
related
$5,000,000 · 100 Mile Fund LLC 100 Mile Fund LLC
—
—
217-01 Merrick LLC
—
Deed Of Trust
related
$5,000,000 · Other Institutional Lenders
—
—
Colours Park Properties INC
—
Deed Of Trust
related
$375,000 · Flushing Savings Bank
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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