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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Warehouses
5502 Broadway, Flushing, NY 11377-2158
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-1281984
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1952
Total area
31,675 SF
Lot
0.88 ac (38,290 SF)
Zoning code
M1-1
APN
01194-0032
UPID
US63-1281984
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
$2.39M
Blend (final)
Blend
$2.30M
Owner & transaction history
55 Broadway Realty LLC · 11 yrs held
55 Broadway Realty LLC
since 2015
4 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$73 / 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
$217,434
Tax year 2024
Assessed value
$2,164,950
Assessed 2024
Previous assessed
$2,036,700
+6.3% YoY
Effective rate
10.04%
On assessed value
Assessed land
$930,600
Assessed improvement
$1,234,350
Land market value
$2,068,000
Improvement market value
$2,743,000
Total market value
$4,811,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
31,675 SF
Lot
0.88 ac (38,290 SF)
Zoning code
M1-1
APN
01194-0032
UPID
US63-1281984
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
1952
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
55 Broadway Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
13 E 16TH ST, NEW YORK, NY 10003-3114
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2017
—
55 Broadway Realty LLC
—
Grant Deed
related
$6,720,000 · Jp Morgan Chase Bk
Feb 6, 2015
$9,000,000
55 Broadway Realty LLC
Broadway 55 Realty LLC
Grant Deed
—
Jul 7, 2010
—
Broadway 55 Realty LLC
Braunstein,mickey R
Grant Deed
related
—
—
—
Mickey R Braunstein
—
Deed Of Trust
related
$342,682 · Jerome Offenberg
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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