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Property profile & analytics
OFF-MARKET
Super regional malls
3663 Main St Flushing, NY 11354-4104
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US63-5989138
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1914
Total area
22,719 SF
Lot
0.36 ac (15,524 SF)
Zoning code
C4-3
APN
04977-0001
UPID
US63-5989138
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
Northern Star Mgmt LLC · 19 yrs held
Northern Star Mgmt LLC
since 2007
7 recorded transactions
Zoning & alternative use
C4-3 · 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
$557,834
Tax year 2024
Assessed value
$5,271,300
Assessed 2024
Previous assessed
$5,292,022
-0.4% YoY
Effective rate
10.58%
On assessed value
Assessed land
$1,264,500
Assessed improvement
$4,006,800
Land market value
$2,810,000
Improvement market value
$8,904,000
Total market value
$11,714,000
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
1914
Heating
NONE
Buildings
1
Stories
2
Units
27
Total area
22,719 SF
Lot
0.36 ac (15,524 SF)
Zoning code
C4-3
APN
04977-0001
UPID
US63-5989138
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.
Building & site characteristics
From public records
Year built
1914
Heating
NONE
Stories
2
Buildings
1
Units
27
Lot
0.36 ac
Current owner
From public records · entity-resolved
Northern Star Mgmt LLC
Entity
Mailing address
3663 MAIN ST, FLUSHING, NY 11354-4104
Ownership since
2007
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
Sep 25, 2018
—
Northern Star Management LLC
—
Deed
related
$16,950 · Cathay Bk
Sep 21, 2018
—
Northern Star Management LLC
—
Grant Deed
related
$4,196,853 · Cathay Bk
Aug 19, 2014
—
Northern Star Management LLC
—
Loan Modification, Consolidation And Extension
related
$14,000,000 · Cathay Bk
May 7, 2007
$5,800,000
Northern Star Mgmt LLC
Daylgiht Group LLC
Grant Deed
$1,788,046 · Chinatrust Bank
—
—
Northern Star Management LLC
—
Deed Of Trust
related
$6,282,910 · Cathay Bk
—
—
Northern Star Management LLC
—
Loan Modification, Consolidation And Extension
related
$14,000,000 · Cathay Bk
—
—
Northern Star Management LLC
—
Loan Modification
related
$16,950 · Cathay Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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