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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Manufacturing properties
5930 56th Rd Flushing, NY 11378-2330
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2978205
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1950
Total area
17,500 SF
Lot
0.41 ac (17,861 SF)
Zoning code
M1-1
APN
02690-0029
UPID
US63-2978205
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
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.89M
Owner & transaction history
5930 Maspeth Holding LLC · 4 yrs held
5930 Maspeth Holding LLC
since 2022
Last sale
$4.0M
5 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
$3,640,000
ML approach
$3,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,355,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10% · vs last sale $4.04M (May 10 2022)
Last sale anchor
$4.04M
May 10 2022
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
$222 / 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
$80,800
Tax year 2024
Assessed value
$826,200
Assessed 2024
Previous assessed
$761,760
+8.5% YoY
Effective rate
9.78%
On assessed value
Assessed land
$436,950
Assessed improvement
$389,250
Land market value
$971,000
Improvement market value
$865,000
Total market value
$1,836,000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
17,500 SF
Lot
0.41 ac (17,861 SF)
Zoning code
M1-1
APN
02690-0029
UPID
US63-2978205
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
COMMERCIAL (GENERAL)
Est. value
$6.4M
COMMERCIAL (GENERAL)
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
1950
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
5930 Maspeth Holding LLC
Entity
Mailing address
469 FASHION AVE #1213, NEW YORK, NY 10018-7605
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$4,044,026
5930 Maspeth Holding LLC
S. Rosenblatt, LLC
Deed
$2,044,145 · Modern Bank N.a.
Mar 13, 2007
—
S Rosenblatt LLC
B&r Associates
Intrafamily Transfer
related
$175,727 · Citibank NA
—
—
S Rosenblatt LLC
—
Deed Of Trust
related
$445,478 · Santander Bk NA
—
—
S Rosenblatt LLC
—
Loan Modification, Consolidation And Extension
related
$850,000 · Santander Bk NA
—
—
S Rosenblatt LLC
—
Loan Modification
related
$1,350,000 · People's United Bk
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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