Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

2823 119Th St Flushing, NY 11354

FOR SALE
Other warehouses
Property ID
US63-4788425
3,928 SF 0.07 ac lot Built 2008
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
2823 119Th St, Flushing, NY 11354 For Sale
$2,890,000 3,928 SF
2823 119Th St, Flushing, NY 11354
View Listing

Property summary

AI-generated overview

The property at 2823 119th Street is a brick warehouse built in 2008 featuring a two-level storage layout. It contains approximately 0.0689 acres and includes a private drive-in loading door measuring about 15 feet wide by 14 feet high. The building is equipped with electric cooling and has off-street parking. The site is served by public water and sewer and is located in Flushing, Queens, with access to the Whitestone Expressway (I-678), Flushing, LaGuardia Airport, and the Bronx. The property is zoned M1-1.

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?
$12k
Tax billed · 2024
Assessed value$243k
Assessed land$59k
Assessed improvement$183k
Effective rate5.00%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 1.04% cap applied$30k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$515/SF
Submarket average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$305 – $838
Qualifying comparables16

Cap rate analysis

How does the asset earn?
1.04%
$30k 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?
M1-1
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
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 Firm37.5
Dental Office32.7
Realty agency32.3

Location

2823 119Th St Flushing, NY 11354
County assessor Recorded deeds · 3 transfers 16 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3465 Collins, Flushing, NY 11354 $3,100,000 Mar 2023 3,500 SF
12508 26th, Flushing, NY 11354-1110 $5,125,000 Nov 2022 6,300 SF
3354 Farrington, Flushing, NY 11354-2821 $1,690,000 Mar 2022 7,540 SF
2824 119th, Flushing, NY 11354-1082 $2,550,000 Nov 2021 7,393 SF
3303 Prince, Flushing, NY 11354-2730 $3,750,000 May 2021 7,500 SF
13311 35th, Flushing, NY 11354-2712 $2,800,000 Mar 2020 4,470 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
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?”
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
Why this one?
Saved