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Property profile & analytics
FOR LEASE
Retail residential properties
64-33 98Th St Rego Park, NY 11374
Entity Owned
~
Est. High Equity
Property ID
US63-3757303
For Lease
1 / 45
$6,500/Mo
64-33 98Th St, Rego Park, NY 11374
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1938
Total area
312,876 SF
Lot
2.76 ac (120,008 SF)
Zoning code
R7-1
APN
02102-0001
UPID
US63-3757303
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
-
DSR Management Corporation Business Management Consultant
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
A&e Aerep II Acquisition, LLC
A&e Aerep II Acquisition, LLC
since 2025
Last sale
$840.8M
5 recorded transactions
Zoning & alternative use
R7-1 · 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 Rego Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rego Park 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
$1,434,211
Tax year 2024
Assessed value
$11,471,850
Assessed 2024
Previous assessed
$11,593,440
-1.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$2,241,000
Assessed improvement
$9,230,850
Land market value
$4,980,000
Improvement market value
$20,513,000
Total market value
$25,493,000
Applied tax rate
2.0000
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
For Lease
Year built
1938
Heating
NONE
Buildings
11
Stories
6
Units
302
Total area
312,876 SF
Lot
2.76 ac (120,008 SF)
Zoning code
R7-1
APN
02102-0001
UPID
US63-3757303
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Flushing, NY
Zoning R7-1 · permitted uses
R7-1 · 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
1938
Heating
NONE
Stories
6
Buildings
11
Units
302
Lot
2.76 ac
Current owner
From public records · entity-resolved
A&e Aerep II Acquisition, LLC
Entity
Mailing address
40 W 57TH ST FL #17, NEW YORK, NY 10019-4001
Ownership since
2025
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
Dec 10, 2025
$61,492,235
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Dec 9, 2025
—
The Ucla Foundation
A&e Aerep II Acquisition, LLC
Deed
—
Dec 9, 2025
$6,309,598
A&e Aerep II Acquisition, LLC
Amphitheatre LLC
Deed
—
Sep 23, 2025
$840,755,347
A&e Sre Aerep II Sub, LLC
A&e Real Estate Partnership II, LLC
Deed
—
Dec 6, 2019
$150,000,000
Queens Portfolio V LLC
Queens Park Realty Corp
Deed
$64,000,000 · Deutsche Bank Ag, New York Branch,
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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