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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Warehouses
3354 Farrington St, Flushing, NY 11354-2821
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5557505
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Total area
7,540 SF
Lot
0.06 ac (2,675 SF)
Zoning code
M2-1
APN
04949-0029
UPID
US63-5557505
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
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Farrington 3354 LLC · 4 yrs held
Farrington 3354 LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
M2-1 · 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
$1,520,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.69M (Mar 28 2022)
Last sale anchor
$1.69M
Mar 28 2022
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
$214 / 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
$35,090
Tax year 2024
Assessed value
$399,150
Assessed 2024
Previous assessed
$360,180
+10.8% YoY
Effective rate
8.79%
On assessed value
Assessed land
$72,450
Assessed improvement
$326,700
Land market value
$161,000
Improvement market value
$726,000
Total market value
$887,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
1
Stories
3
Units
2
Total area
7,540 SF
Lot
0.06 ac (2,675 SF)
Zoning code
M2-1
APN
04949-0029
UPID
US63-5557505
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Flushing, NY
Zoning M2-1 · permitted uses
M2-1 · 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
2010
Heating
NONE
Stories
3
Buildings
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Farrington 3354 LLC
Entity
Mailing address
3354 FARRINGTON ST3A, FLUSHING, NY 11354-2821
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$1,690,000
Farrington 3354 LLC
33-54 Farrington Realty LLC
Deed
$426,268 · Cathay Bank
Jan 13, 2017
—
33-54 Farrington Realty LLC
—
Deed
related
$850,000 · Cathay Bank
Nov 1, 2006
—
33-54 Farrington Realty LLC
Chen,hui & Lai K
Grant Deed
related
—
Jun 16, 2006
$730,000
Hui Chen
Lin,chang H & Xiu Y
Grant Deed
—
Jul 4, 2004
$585,000
Changhao Lin
Sabir,muhammad
Grant Deed
$413,000 · Abacus Fsb
Oct 17, 2000
—
Muhammd Sabir
Sabir,muhammda
Quit Claim Deed
related
$250,000 · Ehomecredit Corp
Dec 15, 1997
$227,000
Muhammad Sabir
Mustelier,zoila
Grant Deed
$204,250 · Crossland Mortgage Corp
—
—
Mahammad Sabir
—
Deed Of Trust
related
$369,000 · Ameriquest Mortgage Corp
—
—
Muhammad Sabir
—
Deed Of Trust
related
$64,000 · Ehomecredit Corp
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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