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Property profile & analytics
OFF-MARKET
Estimated value
$6,520,000
Office buildings
3629 Main St, Flushing, NY 11354-4104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0782168
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
9,460 SF
Lot
0.08 ac (3,560 SF)
Zoning code
C4-3
APN
04977-0012
UPID
US63-0782168
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
$6.14M
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.52M
Owner & transaction history
C&z Main LLC · 3 yrs held
C&z Main LLC
since 2023
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
C4-3 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+10.0%
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
$6,345,000
ML approach
$6,140,000
CAP Approach
CAP Return
Estimation
6%
$5,535,000
6.5%
$5,110,000
7%
$4,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,440,000
Current use
COMMERCIAL (GENERAL)
$7,085,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$6.52M
Range $5.87M – $7.17M · ±10% · vs last sale $6.80M (Apr 12 2023)
Last sale anchor
$6.80M
Apr 12 2023
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
$689 / 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
$155,223
Tax year 2024
Assessed value
$1,516,050
Assessed 2024
Previous assessed
$1,453,751
+4.3% YoY
Effective rate
10.24%
On assessed value
Assessed land
$400,500
Assessed improvement
$1,115,550
Land market value
$890,000
Improvement market value
$2,479,000
Total market value
$3,369,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
9,460 SF
Lot
0.08 ac (3,560 SF)
Zoning code
C4-3
APN
04977-0012
UPID
US63-0782168
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Flushing, NY
Zoning C4-3 · permitted uses
C4-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$7.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
C&z Main LLC
Entity
Mailing address
9615 69TH AVE, FOREST HILLS, NY 11375-5139
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$6,800,000
C&z Main LLC
36-29/31 Main Street Corp.
Deed
$4,760,000 · Ctbc Bank Corp.
Sep 9, 2008
—
36-29-31 Main Street Corp
—
Deed Of Trust
related
$2,900,000 · East Bank
—
—
36-29/31 Main Street Corp
—
Deed Of Trust
related
$300,000 · East Bank
—
—
36-29/31 Main Street Corp
—
Deed Of Trust
related
$1,211,162 · Eastbank
—
—
36-29/31 Main Street Corp
—
Loan Modification, Consolidation And Extension
related
$3,450,000 · Eastbank
—
—
36-29/31 Main Street Corp
—
Deed Of Trust
related
$1,883,125 · East Bank
—
—
36-29/31 Main Street Corp
—
Deed Of Trust
related
$487,133 · East Bank
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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