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Property profile & analytics
OFF-MARKET
Estimated value
$6,855,000
Retail space
4022 College Pt Blvdc, Flushing, NY 11354-5115
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-3613667
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
167,675 SF
Zoning code
C4-2
APN
05066-1202
UPID
US63-3613667
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
-
Handknit Club Nightclub Music Venue
-
Flushingtown Center Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.86M
Owner & transaction history
Target Corp · 15 yrs held
Target Corp
since 2011
7 recorded transactions
Zoning & alternative use
C4-2 · 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
$41 / 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
$652,844
Tax year 2024
Assessed value
$14,010,699
Assessed 2024
Previous assessed
$14,010,699
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$6,163,554
Assessed improvement
$7,847,145
Land market value
$13,696,787
Improvement market value
$17,438,099
Total market value
$31,134,886
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
167,675 SF
Zoning code
C4-2
APN
05066-1202
UPID
US63-3613667
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Flushing, NY
Zoning C4-2 · permitted uses
C4-2 · 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
2006
Heating
NONE
Stories
2
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Target Corp
Entity
Mailing address
4022 COLLEGE PT BLVDC, FLUSHING, NY 11354-5115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2011
$500,000
Target Corp
Flushing Town Center III LP
Grant Deed
—
May 5, 2011
—
Flushing Town Center III LP
—
Deed Of Trust
related
$4,575,990 · Eurohypo Ag
Apr 18, 2011
—
Flushing Town Ctr III LP
—
Deed Of Trust
related
$2,579,186 · Eurohypo Ag
Mar 30, 2011
—
Flushing Town Center III LP
—
Deed Of Trust
related
$5,790,208 · Eurohypo Ag
Feb 23, 2011
—
Flushing Town Center III LP
—
Deed Of Trust
related
$6,180,456 · Eurohypo Ag
Feb 10, 2011
—
Flushing Town Center III LP
—
Deed Of Trust
related
$4,176,967 · Eurohypo Ag
Dec 28, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$7,191,705 · Eurohypo Ag
Dec 9, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$16,747,910 · Eurohypo Ag
Nov 18, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$5,298,995 · Eurohypo Ag
Oct 22, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$4,619,084 · Eurohypo Ag
Sep 9, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$2,654,928 · Eurohypo Ag
Aug 12, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$9,325,012 · Eurohypo Ag
Jul 8, 2010
—
Flushing Town Center III LP
—
Deed Of Trust
related
$25,747,910 · Eurohypo Ag
—
—
Flushing Town Center III LP
—
Deed Of Trust
related
$1,709,021 · Eurohypo Ag
—
—
Flushing Town Center III LP
—
Deed Of Trust
related
$9,252,089 · Eurohypo Ag
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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