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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Automotive properties
240-02 234th St Flushing, NY 11362
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-3241643
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1936
Total area
21,219 SF
Lot
1.43 ac (62,421 SF)
Zoning code
R1-2
APN
08167-0001
UPID
US63-3241643
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
240-02 Realty LLC · 17 yrs held
240-02 Realty LLC
since 2008
5 recorded transactions
Zoning & alternative use
R1-2 · 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
$98 / 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
$190,465
Tax year 2024
Assessed value
$2,083,050
Assessed 2024
Previous assessed
$1,671,590
+24.6% YoY
Effective rate
9.14%
On assessed value
Assessed land
$733,500
Assessed improvement
$1,349,550
Land market value
$1,630,000
Improvement market value
$2,999,000
Total market value
$4,629,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
21,219 SF
Lot
1.43 ac (62,421 SF)
Zoning code
R1-2
APN
08167-0001
UPID
US63-3241643
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1-2 · Flushing, NY
Zoning R1-2 · permitted uses
R1-2 · 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
1936
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
240-02 Realty LLC
Entity
Mailing address
24002 NORTHERN BLVD, DOUGLASTON, NY 11362-1062
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
240-02 Realty LLC
—
Deed
related
$374,171 · Td Bank, N.a.
May 17, 2016
—
240-02 Realty LLC
—
Deed
related
$5,000,000 · Jp Morgan Chase Bk
Dec 26, 2008
$5,000,000
240-02 Realty LLC
Argonaut Holdings INC
Deed
$5,440,000 · Jpmorgan Chase Bank, N.a.
—
—
240-02 Realty LLC
—
Deed Of Trust
related
$4,873,333 · J P Morgan Chase Bank
—
—
240-02 Realty LLC
—
Loan Modification
related
$5,000,000 · Jp Morgan Chase Bk
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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