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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3312 69th St Flushing, NY 11377-2240

    • Residential income homes
    • 2,014 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2021
    $1,280,000
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    3.9%
    Residential income homes
    Location Intelligence
    Property ID
    US63-5894698
    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

    • Residential income homes

    Property Details for 3312 69th St

    Year built
    1925
    Lot size
    0.05 lot acres
    Property size
    2,014 SF
    Zone code
    R5
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    01186-0025
    APU
    11860025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000
      ML approach
      $1,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $755,000
      7%
      $705,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,495,000
      OFFICE BUILDING
      $1,370,000
      WAREHOUSE, STORAGE
      $1,035,000
      COMMERCIAL (GENERAL)
      $780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8977
    Latitude
    40.7538
    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
    $6,813
    $80,550
    $130,950
    $211,500
    -
    $179,000
    $291,000
    $470,000

    Comparable in this City

    • Value Estimation
      $255,000
      2,750 SF

      3755 58th St

      BOARDING/ROOMING HOUSE • 2,750 SF
      3755 58th St, Flushing, NY 11377-2471
      View Details
    • Value Estimation
      $610,000
      24,220 SF

      6515 Queens Blvd

      BOARDING/ROOMING HOUSE • 24,220 SF
      6515 Queens Blvd, Flushing, NY 11377-5753
      View Details
    • Value Estimation by Request

      39-53 57 St

      Multifamily properties
      39-53 57 St, Queens, NY 11377
      View Details
    • Value Estimation by Request
      7,500 SF

      41-32 53Rd Ave

      Multifamily properties • 7,500 SF
      41-32 53Rd Ave, Queens, NY 11377
      View Details
    • Value Estimation
      $465,000
      26,100 SF

      4124 50th St

      APARTMENT HOUSE (5+ UNITS) • 26,100 SF
      4124 50th St, Flushing, NY 11377-4351
      View Details
    • Value Estimation
      $495,000
      43,150 SF

      4115 50th St

      APARTMENT HOUSE (5+ UNITS) • 43,150 SF
      4115 50th St, Flushing, NY 11377-4350
      View Details

    Similar Nearby for Sale

    • $1,098,000
      Pending

      Woodside Duplex Near Transportation

      Two-family home in prime location near subway, shopping, and dining.
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    • $1,700,000
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      Woodside Triplex with Rental Income

      Three-family brick triplex in Woodside, Queens, with strong rental potential.
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      Woodside Multifamily Property For Sale

      Store and dwelling with upside potential in bustling Woodside location.
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    • $1,888,888
      5,508 SF

      Woodside Six-Family Investment Opportunity

      Charming 6-family building near the 7 train in Woodside.
      52-05 Skillman Ave, Flushing, NY 11377
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    • $379,000

      Renovated Corner Apartment in Queens

      Move-in ready, renovated one-bedroom apartment with ample amenities.
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      Queens Apartment Building For Sale

      Apartment building in Queens available for purchase.
      39-65 52Nd St, Queens, NY 11377
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    Similar Nearby for Lease

    • $2,100 /Mo

      Woodside 1-Bedroom Co-op Apartment

      Charming 1-bedroom co-op in vibrant Woodside, Queens.
      39-75 56Th St, Flushing, NY 11377
      View Details
    • $3,200 /Mo

      Queens Apartment for Rent

      Apartment in Queens available for rent.
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      View Details
    • $3,700 /Mo

      Spacious Apartment Near Transportation

      Large 3-bedroom apartment close to train and LIRR.
      4221 64Th St, Woodside, NY 11377
      View Details
    • $3,800 /Mo

      Renovated Multifamily Home For Rent

      Recently renovated multifamily home featuring three bedrooms for rent.
      59-33 Fl., Queens, NY 11377
      View Details
    • Contact for pricing
      8,920 SF

      Woodside Industrial Space for Lease

      8,920 SF industrial space available for lease in Woodside.
      5155 59Th Pl, Woodside, NY 11377
      View Details
    • Contact for pricing
      7,950 SF

      Woodside Retail Space Available

      Retail space available for lease in Woodside, NY.
      5406-5422 31St Ave, Woodside, NY 11377
      View Details
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    3312 69th St
    Flushing, NY 11377-2240
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    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
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