Back to Search
Property profile & analytics
OFF-MARKET
Super regional malls
3245 Francis Lewis Blvd Flushing, NY 11358-1923
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-2019614
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Total area
23,500 SF
Lot
0.66 ac (28,922 SF)
Zoning code
R5B
APN
06025-0036
UPID
US63-2019614
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
by Request
Owner & transaction history
Monroe LLC|31 & 71 LLC · 11 yrs held
Monroe LLC|31 & 71 LLC
since 2015
6 recorded transactions
Zoning & alternative use
R5B · 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
—
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
$149,312
Tax year 2024
Assessed value
$1,548,450
Assessed 2024
Previous assessed
$1,372,500
+12.8% YoY
Effective rate
9.64%
On assessed value
Assessed land
$533,700
Assessed improvement
$1,014,750
Land market value
$1,186,000
Improvement market value
$2,255,000
Total market value
$3,441,000
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
1990
Heating
NONE
Buildings
1
Stories
2
Units
9
Total area
23,500 SF
Lot
0.66 ac (28,922 SF)
Zoning code
R5B
APN
06025-0036
UPID
US63-2019614
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Flushing, NY
Zoning R5B · permitted uses
R5B · 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
1990
Heating
NONE
Stories
2
Buildings
1
Units
9
Lot
0.66 ac
Current owner
From public records · entity-resolved
Monroe LLC|31 & 71 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
160 JERICHO TPKE, FLORAL PARK, NY 11001-2006
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2015
—
Monroe LLC|31 & 71 LLC
Monroe LLC
Quit Claim Deed
—
Oct 29, 2008
$7,075,000
Monroe LLC
Bayside Plaza Associates LLC
Grant Deed
—
Nov 14, 2006
—
Bayside Plaza Associates LLC
—
Trustees Deed
related
$600,000 · Bank Of Smithtown
Jan 5, 2005
$3,700,000
Bayside Plaza Associates LLC
University Village Properties
Grant Deed
—
—
—
Bayside Plaza Associates LLC
—
Deed Of Trust
related
$2,775,000 · Bank Of Smithtown
—
—
Bayside Plaza Associates LLC
—
Deed Of Trust
related
$725,000 · Bank Of Smithtown
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 3245 Francis Lewis Blvd?
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.
