Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,215,000
Apartment buildings
3707 147th St Flushing, NY 11354-4730
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3255147
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
87,223 SF
Lot
0.61 ac (26,734 SF)
Zoning code
R5
APN
05016-0011
UPID
US63-3255147
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
Current use
Occupant on record · Public records
-
纽约房地产网 | 地产经纪 | 房屋出租 | 房屋出售 | 房屋买卖 |房地产信息中心 Real Estate Agency
-
wadolconstruction Construction Company
-
Gaptory Corporation Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.85M
Blend (final)
Blend
$12.22M
Owner & transaction history
37-07 147th Realty LLC · 21 yrs held
37-07 147th Realty LLC
since 2004
7 recorded transactions
Zoning & alternative use
R5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,380,000
Current use
Blend value · Realmo final
$12.22M
Range $10.99M – $13.44M · ±10%
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
$140 / 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
$417,386
Tax year 2024
Assessed value
$3,338,550
Assessed 2024
Previous assessed
$3,327,390
+0.3% YoY
Effective rate
12.50%
On assessed value
Assessed land
$360,900
Assessed improvement
$2,977,650
Land market value
$802,000
Improvement market value
$6,617,000
Total market value
$7,419,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
6
Units
95
Total area
87,223 SF
Lot
0.61 ac (26,734 SF)
Zoning code
R5
APN
05016-0011
UPID
US63-3255147
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Flushing, NY
Zoning R5 · permitted uses
R5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$19.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1962
Heating
NONE
Stories
6
Buildings
1
Units
95
Lot
0.61 ac
Current owner
From public records · entity-resolved
37-07 147th Realty LLC
Entity
Mailing address
145 HUGUENOT ST STE #503, NEW ROCHELLE, NY 10801-5236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
37-07 147th Realty LLC
—
Deed
related
$413,720 · Signature Bank
Nov 18, 2004
$8,500,000
37-07 147th Realty LLC
Ann Bendick Realty
Grant Deed
$5,345,000 · North Fork Bank
Feb 13, 2001
—
Ann Bendick Realty
Bendick,ann
Quit Claim Deed
related
—
—
—
37-07 147th Realty LLC
—
Loan Modification, Consolidation And Extension
related
$12,800,000 · Capital One NA
—
—
37-07 147th Realty LLC
—
Deed Of Trust
related
$6,318,157 · Capital One NA
—
—
139-55 35th Realty LLC
—
Deed Of Trust
related
—
—
—
37-07 147th Realty LLC
—
Deed Of Trust
related
$1,755,000 · Capital One
—
—
37-07 147th Realty LLC
—
Deed Of Trust
related
$7,100,000 · Capital One
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 3707 147th St?
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.
