Financial
Distress signals
Property profile

5408 Myrtle Ave Flushing, NY 11385

OFF-MARKET
Retail space
Property ID
US63-2800769
9,800 SF 0.22 ac lot Built 1930
Last sale Nov 2025 · $37,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$103k
Tax billed · 2024
Assessed value$1.02M
Assessed land$269k
Assessed improvement$749k
Effective rate10.10%

Value estimate

· Sep 2026
$560k
$504k – $616k
Sales comparison$1.04M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$741/SF
Submarket average, outlier-cleaned · 185 recorded sales of this use type
Observed band · Q1–Q3$448 – $1,322
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C4-3
This district comprise the City major and secondary shopping and business centers, which provide for shopping needs and services over a w...
General categoryCOMMERCIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm119.9
Realty agency76.5
Parking Facility39.4

Location

5408 Myrtle Ave Flushing, NY 11385-3453
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
749 Wyckoff, Flushing, NY 11385-2731 $37,000,000 Aug 2025 7,621 SF
5420 Myrtle, Flushing, NY 11385-3453 $37,000,000 Aug 2025 6,400 SF
6113 Metropolitan, Flushing, NY 11385 $15,478,060 Aug 2024 13,482 SF
583 Grandview, Flushing, NY 11385-2453 $8,662,500 Feb 2024 10,000 SF
7132 Myrtle, Flushing, NY 11385 $1,300,000 Oct 2022 4,879 SF
5723 Myrtle, Flushing, NY 11385-4933 $4,900,000 Jun 2021 13,218 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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