Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Super regional malls
24202 61st Ave Flushing, NY 11362-1968
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0059916
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1964
Total area
344,292 SF
Lot
12.56 ac (547,201 SF)
Zoning code
R4
APN
08286-0185
UPID
US63-0059916
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
-
Arora Eshansh DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Douglaston Shopping Center Own · 12 yrs held
Douglaston Shopping Center Own
since 2013
7 recorded transactions
Zoning & alternative use
R4 · 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
$5 / 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
$2,822,710
Tax year 2024
Assessed value
$28,484,100
Assessed 2024
Previous assessed
$26,535,060
+7.3% YoY
Effective rate
9.91%
On assessed value
Assessed land
$17,236,800
Assessed improvement
$11,247,300
Land market value
$38,304,000
Improvement market value
$24,994,000
Total market value
$63,298,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
5
Stories
3
Units
15
Total area
344,292 SF
Lot
12.56 ac (547,201 SF)
Zoning code
R4
APN
08286-0185
UPID
US63-0059916
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Flushing, NY
Zoning R4 · permitted uses
R4 · 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
1964
Heating
NONE
Stories
3
Buildings
5
Units
15
Lot
12.56 ac
Current owner
From public records · entity-resolved
Douglaston Shopping Center Own
Individual
Mailing address
600 MADISON AVE FL #15, NEW YORK, NY 10022-1761
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Mwclf Rs Spe LLC
—
Deed
related
$67,500,000 · Douglaston Shopping Ctr Owner
Oct 6, 2016
—
Fairway Uptown LLC
—
Deed
related
$4,600,000 · Credit Suisse Ag
Aug 21, 2013
—
Douglaston Shopping Center Own
Aac Douglaston Plaza Shoppin
Quit Claim Deed
$1,512,176 · First Republic Bank
Aug 16, 2004
$58,100,000
Aac Douglaston Plaza Shopping
Yale,university
Grant Deed
—
Aug 16, 2004
—
Yale,university
Douglaston Plaza Shopping Cent
Grant Deed
related
—
—
—
Mwclf Rs Spe LLC
—
Deed Of Trust
related
$67,500,000 · Douglaston Shopping Ctr Owner
—
—
Douglaston Shopping Center Own
—
Loan Modification, Consolidation And Extension
related
$67,500,000 · Mesa West Core Lending Fund Ll
—
—
Douglaston Shopping Center Own
—
Deed Of Trust
related
$27,360,530 · Mesa West Core Lending Fund LLC Mesa West Core Lending Fund LLC
—
—
Douglaston Shopping Ctr Owner
—
Loan Modification
related
$46,000,000 · First Republic Bank
—
—
Fairway Uptown LLC
—
Loan Modification
related
$4,600,000 · Credit Suisse Ag
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24202 61st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
