Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3119 Farrington St Flushing, NY 11354

    • Manufacturing properties
    • 3,125 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0782616
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 3119 Farrington St

    Year built
    2000
    Lot size
    0.07 lot acres
    Property size
    3,125 SF
    Zone code
    M1-1
    Property type
    Manufacturing properties
    APN
    04408-0019
    APU
    44080019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8331
    Latitude
    40.7686
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,133
    $54,000
    $137,250
    $191,250
    -
    $120,000
    $305,000
    $425,000

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      13303 35th Ave

      MANUFACTURING (LIGHT) • 5,000 SF
      13303 35th Ave, Flushing, NY 11354-2712
      View Details
    • Value Estimation
      $675,000
      10,450 SF

      3508 Prince St

      MANUFACTURING (LIGHT) • 10,450 SF
      3508 Prince St, Flushing, NY 11354-2733
      View Details
    • Value Estimation
      $9,885,000
      25,960 SF

      3334 Prince St

      HEAVY MANUFACTURING • 25,960 SF
      3334 Prince St, Flushing, NY 11354-2731
      View Details
    • Value Estimation
      $2,350,000
      45,996 SF

      2811 120th St

      FACTORY (MANUFACTURING) • 45,996 SF
      2811 120th St, Flushing, NY 11354
      View Details
    • Value Estimation by Request
      800 SF

      2611 123rd St

      MANUFACTURING (LIGHT) • 800 SF
      2611 123rd St, Flushing, NY 11354-1032
      View Details
    • Value Estimation by Request
      5,200 SF

      13306 King Rd

      HEAVY MANUFACTURING • 5,200 SF
      13306 King Rd, Flushing, NY 11354-4067
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,146 SF

      Flushing Office and Industrial Building

      Office and industrial building in Flushing with development potential.
      12909 26Th Ave, Flushing, NY 11354
      View Details
    • $3,750,000
      2,350 SF

      Flushing Industrial Building - Investment Opportunity

      Prime Flushing location, 2350 sq ft warehouse, renovated.
      13253 34Th Ave, Flushing, NY 11354
      View Details
    • $1,600,000
      Pending

      Flushing Multifamily Property for Sale

      Multifamily property in Flushing, NY, totaling 3,204 square feet.
      140-11 33Rd Ave, Flushing, NY 11354
      View Details
    • $388,000
      1,500 SF

      Flushing Laundromat Business For Sale

      Established laundromat business in Flushing with strong income and lease.
      14244 Roosevelt Ave, Flushing, NY 11354
      View Details
    • $13,000,000
      17,000 SF

      Prime commercial property for sale

      Prime commercial property for sale
      136-82/86 Roosevelt Avenue, Flushing, NY 11354
      View Details
    • $338,000

      Renovated One-Bedroom Co-op Apartment

      Sun-filled, renovated one-bedroom co-op with low maintenance fees.
      141-09 28Th Ave, Queens, NY 11354
      View Details

    Similar Nearby for Lease

    • $55,000
      24,646 SF

      Spacious Commercial Property in Flushing

      Versatile 12,800 SF commercial space in a prime location.
      3337 Farrington St, Flushing, NY 11354
      View Details
    • $22,000
      3,950 SF

      Flushing Retail/Showroom Space Available

      Prime commercial space in Flushing, ideal for retail or showroom.
      36-13 College Point Blvd, Flushing, NY 11354
      View Details
    • Contact for pricing
      10,111 SF

      Flushing Retail Space For Rent

      Retail space available in Flushing, new construction, divisible.
      15610 Northern Blvd, Flushing, NY 11354
      View Details
    • $2,300 /Mo

      Flushing Retail Space for Lease

      Prime commercial space in Flushing, suitable for any business.
      131-06 40Th Rd, Queens, NY 11354
      View Details
    • $2,000 /Mo

      Flushing Commercial Space for Lease

      Ground-floor commercial space in prime Flushing location, all-inclusive rent.
      14463 37Th Ave, Queens, NY 11354
      View Details
    • $1,750 /Mo
      450 SF

      Retail/Office Space on Union Street

      Well-maintained retail or office space in Flushing, move-in ready.
      36-22 Union St, Flushing, NY 11354
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3119 Farrington St
    Flushing, NY 11354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.