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Property profile & analytics
FOR SALE
Investment properties
4006 Main St Flushing, NY 11354
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-0973450
For Sale
$17,500,000
4006 Main St, Flushing, NY 11354
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
6,331 SF
Lot
0.06 ac (2,515 SF)
Zoning code
C4-3
APN
05036-0037
UPID
US63-0973450
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
-
Ramsey International Inc Corporate Office
-
New York Christian Short-Term Mission Traniing Center, Inc. Church Mosque
-
P.H. CHAN CONSULTING SERVICES CORP. Consultant
-
G & M Plumbing & Contracting Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
40-06 Main Street Realty INC · 15 yrs held
40-06 Main Street Realty INC
since 2010
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$193 / 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
$282,676
Tax year 2024
Assessed value
$3,132,900
Assessed 2024
Previous assessed
$2,415,600
+29.7% YoY
Effective rate
9.02%
On assessed value
Assessed land
$383,400
Assessed improvement
$2,749,500
Land market value
$852,000
Improvement market value
$6,110,000
Total market value
$6,962,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
5
Total area
6,331 SF
Lot
0.06 ac (2,515 SF)
Zoning code
C4-3
APN
05036-0037
UPID
US63-0973450
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
1931
Heating
NONE
Stories
3
Buildings
1
Units
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
40-06 Main Street Realty INC
Entity
Mailing address
4006 MAIN ST, FLUSHING, NY 11354-5649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Jan 25, 2022
—
40-06 Main Street Realty, INC
—
Deed
related
$852,226 · East West Bank
May 6, 2013
—
40-06 Main Street Rlty INC
—
Loan Modification
related
$6,500,000 · United International Bank
Dec 3, 2010
$8,000,000
40-06 Main Street Realty INC
Diamond Hill Realty LLC
Grant Deed
$1,588,128 · United International Bank
Dec 24, 2008
—
Diamond Hill Realty LLC
40-12 Main Street Realty LLC
Deed
$450,000 · Asia Bank NA
May 23, 2007
—
Diamond Hill Realty LLC
40-12 Main Street Realty LLC
Intrafamily Transfer
related
$1,012,118 · Asia Bank NA
Nov 22, 2004
$5,000,000
40-12 Main Street Realty LLC
40-06 Main Street LLC
Grant Deed
$4,308,711 · Asia Bank NA
—
—
40-06 Main Street Realty INC
—
Deed Of Trust
related
$300,000 · United International Bank
—
—
40-06 Main Street Realty INC
—
Loan Modification, Consolidation And Extension
related
$7,500,000 · East West Bk
—
—
40-06 Main Street Realty INC
—
Deed Of Trust
related
$1,237,494 · United International 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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