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Property profile & analytics
OFF-MARKET
Estimated value
$8,105,000
Retail space
2650 Borough Pl Flushing, NY 11377-7816
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-2186930
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
38,000 SF
Lot
1 ac (43,515 SF)
Zoning code
M1-1
APN
01019-0002
UPID
US63-2186930
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
$10.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.11M
Owner & transaction history
285 Central Parkway INC · 7 yrs held
285 Central Parkway INC
since 2018
5 recorded transactions
Zoning & alternative use
M1-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,305,000
6.5%
$10,435,000
7%
$9,690,000
Blend value · Realmo final
$8.11M
Range $7.29M – $8.92M · ±10%
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
$213 / 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
$274,421
Tax year 2024
Assessed value
$2,776,950
Assessed 2024
Previous assessed
$2,582,640
+7.5% YoY
Effective rate
9.88%
On assessed value
Assessed land
$783,450
Assessed improvement
$1,993,500
Land market value
$1,741,000
Improvement market value
$4,430,000
Total market value
$6,171,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
2
Stories
1
Units
3
Total area
38,000 SF
Lot
1 ac (43,515 SF)
Zoning code
M1-1
APN
01019-0002
UPID
US63-2186930
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Flushing, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1
Buildings
2
Units
3
Lot
1 ac
Current owner
From public records · entity-resolved
285 Central Parkway INC
Entity
Mailing address
1833 41ST ST, LONG ISLAND CITY, NY 11105-1024
Ownership since
2018
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
Jul 25, 2018
$10,250,000
285 Central Parkway INC
Tennis Indoors Of New York INC
Grant Deed
$3,361,614 · Ponce Bk
—
—
Tennis Indoors Of New York INC
—
Deed Of Trust
related
$3,500,000 · Symetra Life Insurance Co
—
—
Tennis Indoors Of Ny INC
—
Deed Of Trust
related
$4,000,000 · Bethpage FCU
—
—
Tennis Indoors Of New York INC
—
Deed Of Trust
related
$500,000 · State Bank Of Long Island
—
—
285 Central Parkway INC
—
Loan Modification
related
$3,361,614 · Ponce 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.
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