Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5630 61st St Flushing, NY 11378-2401

    • Apartment buildings
    • 3,375 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $985,000
    Last Sale
    Jun 06, 2023
    $1,150,000
    Location Intelligence
    Property ID
    US63-3204235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 5630 61st St

    Year built
    1915
    Lot size
    0.06 lot acres
    Property size
    3,375 SF
    Zone code
    R4
    Property type
    Apartment buildings
    APN
    02704-0072
    APU
    27040072

    Description

    This fully renovated corner brick building presents a unique investment opportunity in the heart of Maspeth, NY. The property boasts a substantial 25 ft x 100 ft footprint and generates immediate cash flow through five well-maintained residential units. Currently, the building comprises four two-bedroom apartments and one four-bedroom apartment, commanding monthly rents of $2,941, $3,146, $2,959, $3,141, and $4,200 respectively. Approved plans are in place to develop additional parking spaces in the rear yard, offering significant potential for increased income and enhanced tenant appeal. This presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The building's prime corner location ensures high visibility and accessibility. The property is offered at $2,500,000. Note that this property can be purchased as part of a larger package deal that includes a neighboring property at 60-41 56th Rd. This presents a rare chance to acquire a substantial portfolio in a thriving commercial area. The existing rental income provides a solid foundation for future growth and potential appreciation. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,165,000
      7%
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,260,000
      Geo Method
      $1,020,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,135,000
      Retail
      $1,290,000
      Mixed-Use
      $1,145,000
      Hospitality
      $1,155,000
      Educational
      $955,000
      Residential Income
      $1,160,000
      Energy
      $990,000
      Income-Based Land
      $1,210,000
      Food Service
      $1,085,000

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.9046
    Latitude
    40.7243
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,257
    $87,750
    $170,550
    $258,300
    -
    $195,000
    $379,000
    $574,000

    Comparable in this City

    • Value Estimation
      $410,000
      7,800 SF

      6067 59th Rd

      APARTMENT HOUSE (5+ UNITS) • 7,800 SF
      6067 59th Rd, Flushing, NY 11378-3439
      View Details
    • Value Estimation
      $350,000
      6,249 SF

      6031 60th Pl

      APARTMENT HOUSE (5+ UNITS) • 6,249 SF
      6031 60th Pl, Flushing, NY 11378-3521
      View Details
    • Value Estimation
      $345,000
      3,292 SF

      5955 56th Rd

      APARTMENT HOUSE (5+ UNITS) • 3,292 SF
      5955 56th Rd, Flushing, NY 11378-2329
      View Details
    • Value Estimation
      $650,000
      5,400 SF

      5834 Fresh Pond Rd

      APARTMENT HOUSE (5+ UNITS) • 5,400 SF
      5834 Fresh Pond Rd, Flushing, NY 11378-2804
      View Details
    • Value Estimation by Request
      5,804 SF

      5255 72nd St

      APARTMENT HOUSE (5+ UNITS) • 5,804 SF
      5255 72nd St, Flushing, NY 11378-1450
      View Details
    • Value Estimation
      $430,000
      4,200 SF

      5422 73rd Pl

      APARTMENT HOUSE (5+ UNITS) • 4,200 SF
      5422 73rd Pl, Flushing, NY 11378-1558
      View Details

    Similar Nearby for Sale

    • $296,500

      Two-Bedroom Apartment with Hardwood Floors

      First-floor apartment in residential neighborhood, close to amenities.
      62-15 53Rd Ave, Queens, NY 11378
      View Details
    • $315,000

      Ridgewood Gardens Co-op Apartment

      Two-bedroom co-op with low maintenance fees and included utilities.
      52-60 65Th Pl, Flushing, NY 11378
      View Details
    • $1,590,000
      1,967 SF

      Mixed-Use Building with Restaurant

      Two-story building with restaurant and renovated residential units.
      7009 Grand Ave, Flushing, NY 11378
      View Details
    • $1,550,000
      0.05 Acres

      Mixed-Use Building in Maspeth, NY

      Mixed-use building with grocery store and two apartments.
      70-07 Grand Ave, Maspeth, NY 11378
      View Details
    • $370,000

      Ridgewood Gardens Coop For Sale

      Two-bedroom coop with hardwood floors and natural light.
      52-24 65Th Pl, Flushing, NY 11378
      View Details
    • $279,999

      Sunny One Bedroom Co-op

      Spacious one bedroom co-op with low maintenance fees.
      52-15 65Th Pl, Flushing, NY 11378
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Renovated Apartment Near Transportation

      Recently renovated 2nd-floor unit near transportation and shopping.
      60-24 56Th Rd, Maspeth, NY 11378
      View Details
    • Contact for pricing
      52,000 SF

      Maspeth Warehouse: 52,000 SF

      Prime Maspeth industrial space; immediate occupancy.
      58-01 Grand Ave, Queens, NY 11378
      View Details
    • Contact for pricing
      5,000 SF

      Maspeth Warehouse with Refrigeration

      5,000 SF warehouse suitable for food distribution.
      56-27 56Th Dr, Maspeth, NY 11378
      View Details
    • $10,000 /Mo

      Maspeth Queens Large Lot For Lease

      21,600+ SqFt lot for lease in Maspeth, Queens.
      57-43 Mazeau St, Flushing, NY 11378
      View Details
    • $2,900 /Mo

      Duplex Flex/Warehouse Space Available

      Duplex flex/warehouse space with M1-1 zoning for various commercial uses.
      59-78 54Th Ave, Queens, NY 11378
      View Details
    • $1,200 /Mo
      200 SF

      Maspeth Warehouse Space For Rent

      Warehouse space for rent in Maspeth, Queens with shutter door.
      54-08 46Th St, Maspeth, NY 11378
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5630 61st St
    Flushing, NY 11378-2401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.