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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Retail space
5021 69th St Flushing, NY 11377
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6073839
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
22,480 SF
Lot
0.54 ac (23,562 SF)
Zoning code
M1-1
APN
02438-0020
UPID
US63-6073839
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
$6.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.15M
Owner & transaction history
6902 Garfield Avenue LLC · 11 yrs held
6902 Garfield Avenue LLC
since 2014
7 recorded transactions
Zoning & alternative use
M1-1 · 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%
$6,690,000
6.5%
$6,175,000
7%
$5,730,000
Blend value · Realmo final
$6.15M
Range $5.54M – $6.77M · ±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
$274 / 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
$246,852
Tax year 2024
Assessed value
$2,330,550
Assessed 2024
Previous assessed
$2,531,520
-7.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$226,800
Assessed improvement
$2,103,750
Land market value
$504,000
Improvement market value
$4,675,000
Total market value
$5,179,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
22,480 SF
Lot
0.54 ac (23,562 SF)
Zoning code
M1-1
APN
02438-0020
UPID
US63-6073839
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Flushing, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1954
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
6902 Garfield Avenue LLC
Entity
Mailing address
20 W 47TH ST STE #301, NEW YORK, NY 10036-3303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
6902 Garfield Avenue LLC
—
Deed
related
$4,000,000 · Columbia Capital II INC.
Aug 13, 2014
$9,870,000
6902 Garfield Avenue LLC
Vgf Properties LLC
Grant Deed
—
Jan 24, 2008
—
Vgf Properties LLC
—
Trustees Deed
related
$400,000 · 54 LLC
Aug 9, 2007
—
Vgf Properties LLC
—
Trustees Deed
related
$875,000 · 54 LLC
Dec 30, 2005
$3,250,000
Vgf Properties LLC
Owner,record
Grant Deed
$1,302,620 · Intervest National Bank
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$175,000 · Er Holdings LLC
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$775,000 · Park Avenue Bank
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$4,250,000 · Park Avenue Bank
—
—
V G F Properties LLC
—
Deed Of Trust
related
$1,696,545 · Inervest Nat'l Bk
—
—
Vnb New York Corp
—
Deed Of Trust
related
—
—
—
Vgf Properties LLC
—
Loan Modification
related
$1,684,829 · Intervest Nat'l Bk
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$1,900,000 · 54 LLC
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$1,720,348 · Intervest National Bank
—
—
Vgf Properties LLC
—
Deed Of Trust
related
$300,000 · Intervest Mortgage Co LLC
—
—
Intervest Natl Bk
—
Loan Modification
related
—
—
—
6902 Garfield Avenue LLC
—
Deed Of Trust
related
$5,500,000 · Barclays Bk/plc
—
—
Vnb New York Corp
—
Loan Modification
related
—
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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