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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Super regional malls
5100 Northern Blvd Flushing, NY 11377-1733
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2990247
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
53,985 SF
Lot
2.65 ac (115,390 SF)
Zoning code
M1-1
APN
01192-0001
UPID
US63-2990247
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$640k
Owner & transaction history
Ciampa Tower Square LLC · 18 yrs held
Ciampa Tower Square LLC
since 2008
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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$12 / 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
$506,525
Tax year 2024
Assessed value
$4,782,150
Assessed 2024
Previous assessed
$5,417,730
-11.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,007,000
Assessed improvement
$2,775,150
Land market value
$4,460,000
Improvement market value
$6,167,000
Total market value
$10,627,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
3
Stories
1
Units
10
Total area
53,985 SF
Lot
2.65 ac (115,390 SF)
Zoning code
M1-1
APN
01192-0001
UPID
US63-2990247
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER 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
1988
Heating
NONE
Stories
1
Buildings
3
Units
10
Lot
2.65 ac
Current owner
From public records · entity-resolved
Ciampa Tower Square LLC
Entity
Mailing address
1129 NORTHERN BLVD STE #305, MANHASSET, NY 11030-3022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2017
—
Ciampa Realty 11 LLC
—
Loan Modification, Consolidation And Extension
related
$11,514,600 · Flushing Bk
Jun 7, 2017
—
M1 LLC
—
Loan Modification, Consolidation And Extension
related
$5,789,500 · Flushing Bk
Nov 25, 2008
—
Ciampa North LLC
—
Deed Of Trust
related
$7,032,627 · New York Community Bank
Feb 28, 2008
—
Ciampa Tower Square LLC
Ciampa North LLC
Quit Claim Deed
related
—
—
—
Ciampa North LLC
—
Deed Of Trust
related
$2,083,741 · New York Community Bank
—
—
Ciampa Metropolitan LLC
—
Deed Of Trust
related
$2,604,677 · New York Community Bank
—
—
Ciampa North LLC
—
Deed Of Trust
related
$2,604,677 · New York Community Bank
—
—
New York Cmnty Bk
—
Deed Of Trust
related
$10,973,121 · Ciampa North LLC
—
—
Ciampa Tower Square LLC
—
Deed Of Trust
related
$1,550,094 · Flushing Bk
—
—
Ciampa North LLC
—
Deed Of Trust
related
$1,823,274 · New York Community Bank
—
—
Ciampa Metropolitan LLC
—
Deed Of Trust
related
$2,865,144 · New York Community Bank
—
—
Ciampa North LLC
—
Deed Of Trust
related
$4,582,372 · New York Community 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.
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