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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Apartment buildings
4199 Parsons Blvd Flushing, NY 11355
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-1526466
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
30,813 SF
Lot
0.22 ac (9,797 SF)
Zoning code
R6A
APN
05375-0008
UPID
US63-1526466
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
$4.02M
Owner & transaction history
42-29 Parsons Realty INC · 10 yrs held
42-29 Parsons Realty INC
since 2015
7 recorded transactions
Zoning & alternative use
R6A · 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
$130 / 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
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
2014
Heating
NONE
Stories
7
Units
40
Total area
30,813 SF
Lot
0.22 ac (9,797 SF)
Zoning code
R6A
APN
05375-0008
UPID
US63-1526466
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Flushing, NY
Zoning R6A · permitted uses
R6A · 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
2014
Heating
NONE
Stories
7
Units
40
Lot
0.22 ac
Current owner
From public records · entity-resolved
42-29 Parsons Realty INC
Entity
Mailing address
4199 PARSONS BLVD, FLUSHING, NY 11355
Ownership since
2015
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
Nov 19, 2015
$7,300,000
42-29 Parsons Realty INC
41-99 Parson Blvd Corp
Deed
$4,000,000 · Maxim Credit Group, LLC
Mar 28, 2011
$2,600,000
41-99 Parson Blvd Corp
Young Womens Christian Assn Of Q
Grant Deed
—
Mar 28, 2011
$999,900
Young Womens Christian Assn Of Q
Y Evergreen Hsng Dev Fund Corp
Grant Deed
—
May 9, 2008
$1,100,000
Y Evergreen Hsng Development F
Janette,william & Lulu
Grant Deed
$1,500,000 · Low Income Investmen Fund
—
—
42-29 Parsons Realty INC
—
Deed Of Trust
related
$600,000 · Parsons Flushing LLC
—
—
42-29 Parsons Realty INC
—
Deed Of Trust
related
$300,000 · Parsons Fndg LLC
—
—
42-29 Parsons Realty INC
—
Loan Modification
related
$4,300,000 · Parsons Funding LLC
—
—
Y Evergreen Hsng Dev Fund Corp
—
Deed Of Trust
related
$1,000,000 · Newbank
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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