Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

228-02 Merrick Blvd Queens, NY 11413

FOR SALE
Investment properties
Property ID
US63-0956575
21,445 SF 0.23 ac lot Built 2016
Last sale Nov 2008 · $100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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228-02 Merrick Blvd, Queens, NY 11413 For Sale
$15,000,000 21,445 SF
228-02 Merrick Blvd, Queens, NY 11413
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$229k
Tax billed · 2024
Assessed value$2.23M
Assessed land$338k
Assessed improvement$1.89M
Effective rate10.29%

Value estimate

· Nov 2026
$4.24M
$3.82M – $4.66M
CAP approach$4.25M
Submarket $/SF estimate$3.61M
NOI build-up
Gross scheduled income$1.08M
Vacancy & credit loss−$139k
Operating expenses−$235k
NOI · 4.71% cap applied$706k

Realmo valuation models over county records and 29 qualifying comparable sales.

Recently sold

What actually traded nearby?
$312/SF
Submarket average, outlier-cleaned · 621 recorded sales of this use type
Observed band · Q1–Q3$231 – $399
Qualifying comparables29

Cap rate analysis

How does the asset earn?
4.71%
$706k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R3-2
This district is designed to supports low density residential development, allowing various housing types except zero lot line buildings,...
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm53.3
Dental Office45.5
Realty agency26.4

Location

228-02 Merrick Blvd Queens, NY 11413
County assessor Recorded deeds · 12 transfers 29 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22801 147th, Jamaica, NY 11413-4406 $1,500,000 Feb 2024 8,450 SF
21921 Merrick, Laurelton, NY 11413-1950 $1,200,000 Dec 2022 5,840 SF
22009 Merrick, Laurelton, NY 11413-1925 $700,000 Jun 2022 2,800 SF
21820 Merrick, Jamaica, NY 11413-1920 $690,000 Jul 2021 3,000 SF
22216 Conduit, Jamaica, NY 11413-3470 $850,000 Feb 2021 8,600 SF
22417 Merrick, Laurelton, NY 11413-2024 $700,000 Feb 2020 4,096 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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