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Property profile & analytics
OFF-MARKET
Retail residential properties
5431 Myrtle Ave Flushing, NY 11385-3448
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-3878155
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Total area
13,921 SF
Lot
0.08 ac (3,585 SF)
Zoning code
C4-3
APN
03445-0001
UPID
US63-3878155
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
-
Marie F. Jean, RDH Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ridgewood Tower II LLC · 4 yrs held
Ridgewood Tower II LLC
since 2021
Last sale
$31.8M
7 recorded transactions
Zoning & alternative use
C4-3 · 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
—
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
$96,659
Tax year 2024
Assessed value
$940,462
Assessed 2024
Previous assessed
$112,140
+738.6% YoY
Effective rate
10.28%
On assessed value
Assessed land
$155,250
Assessed improvement
$785,212
Land market value
$345,000
Improvement market value
$1,744,915
Total market value
$2,089,915
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2019
Heating
NONE
Stories
17
Units
24
Total area
13,921 SF
Lot
0.08 ac (3,585 SF)
Zoning code
C4-3
APN
03445-0001
UPID
US63-3878155
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-3 · Flushing, NY
Zoning C4-3 · permitted uses
C4-3 · 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
2019
Heating
NONE
Stories
17
Units
24
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ridgewood Tower II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
88 UNIVERSITY PL #11, NEW YORK, NY 10003-4513
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
$31,817,360
Ridgewood Tower II LLC
Ridgewood Tower LLC
Deed
—
Mar 1, 2021
—
Ridgewood Tower LLC
—
Deed
related
$39,500,000 · St. Nicholas Woodbine 1 LLC
Jan 25, 2019
—
St Nicholas Woodbine 1 LLC
—
Grant Deed
related
$17,000,000 · Connectone Bk
Mar 13, 2018
—
Ridgewood Tower LLC
—
Loan Modification, Consolidation And Extension
related
$25,500,000 · St Nicholas Woodbine 1 LLC
Mar 2, 2018
$11,000,000
Ridgewood Tower LLC
Parkford Corp
Trustees Deed
$4,500,000 · St Nicholas Woodbine 1 LLC
—
—
Parkford Corp
—
Loan Modification
related
$1,100,000 · First National Bank Long Islan
—
—
Parkford Corp
—
Deed Of Trust
related
$776,177 · North Fork 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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