Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21922 64th Ave, Unit 396 Flushing, NY 11364-2266

    • Parking lots & garages
    • 200 SF
    OFF-MARKET
    Last Sale
    Aug 07, 2023
    $685,000
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4077260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 21922 64th Ave

    Property size
    200 SF
    Zone code
    R4
    Property type
    Parking lots & garages
    APN
    07621-1396
    APU
    76211396

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $648,000
      Market price range: $598k - $649k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.7564
    Latitude
    40.747
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,264
    $7,280
    $5,271
    $12,551
    -
    $16,177
    $11,714
    $27,891

    Comparable in this City

    • Value Estimation
      $240,000
      200 SF

      21934 64th Ave, Unit 364

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      21934 64th Ave, Flushing, NY 11364-2268
      View Details
    • Value Estimation
      $255,000
      200 SF

      21918 64th Ave, Unit 408

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      21918 64th Ave, Flushing, NY 11364-2264
      View Details
    • Value Estimation
      $220,000
      200 SF

      22073 67th Ave, Unit 144

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      22073 67th Ave, Flushing, NY 11364-2686
      View Details
    • Value Estimation
      $190,000
      200 SF

      22071 67th Ave, Unit 148

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      22071 67th Ave, Flushing, NY 11364-2685
      View Details
    • Value Estimation
      $190,000
      200 SF

      21941 67th Ave, Unit 44

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      21941 67th Ave, Flushing, NY 11364-2652
      View Details
    • Value Estimation
      $635,000
      200 SF

      22082 64th Ave, Unit 208

      PARKING GARAGE, PARKING STRUCTURE • 200 SF
      22082 64th Ave, Flushing, NY 11364-2368
      View Details

    Similar Nearby for Sale

    • $3,499,000
      Pending

      Bayside Retail Opportunity

      Retail property with high traffic location and vacant stores.
      215-01 Horace Harding Expy, Bayside, NY 11364
      View Details
    • $188,000

      Restaurant For Sale

      Commercial restaurant business for sale in Queens.
      221-02A Horace Harding Expy, Flushing, NY 11364
      View Details
    • $285,000

      Established Bakery Business For Sale

      Turnkey bakery with 20 years of proven success.
      61-22 Springfield Blvd, Flushing, NY 11364
      View Details
    • $1,588,000
      Pending

      Bayside Detached Two-Family Home

      Spacious Bayside two-family home with income potential and convenient location.
      216-03 64Th Ave, Bayside, NY 11364
      View Details
    • $368,888

      Well-Kept Two Bedroom Apartment

      First floor, two-bedroom apartment near shops and LIRR.
      21543 48Th Ave, Queens, NY 11364
      View Details
    • $245,000

      Queens Multifamily Property For Sale

      Multifamily property in Queens available for purchase.
      80-35 Springfield Blvd E-6, Flushing, NY 11364
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,433 SF

      Oakland Gardens Office/Retail Space

      1,433 SF office/retail space with basement and parking.
      6102-6142 Springfield Blvd, Oakland Gardens, NY 11364
      View Details
    • $2,500 /Mo

      Oakland Gardens Apartment For Rent

      Spacious 3-bedroom apartment in a private house, move-in ready.
      206th Oakland Gdn, Queens, NY 11364
      View Details
    • $4,600 /Mo

      New Construction Two-Family House

      New construction two-family house with spacious layout and modern amenities.
      6907 229Th St, Flushing, NY 11364
      View Details
    • $3,500 /Mo

      Modern Building Ideal for Offices

      Spacious, modern building suitable for medical or daycare use.
      61-12 220Th St, Flushing, NY 11364
      View Details
    • $3,500 /Mo
      1,742 SF

      Bayside Commercial Space For Rent

      Spacious commercial space suitable for various businesses in Bayside.
      61-12 220 St Unit, Bayside, NY 11364
      View Details
    • $2,200 /Mo

      Apartment Near Transportation and Amenities

      Apartment near dining, shopping, park, and transportation.
      212-04 75Th Ave, Flushing, NY 11364
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21922 64th Ave, Unit 396
    Flushing, NY 11364-2266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.