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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Apartment buildings
6561 Saunders St Flushing, NY 11374-4252
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3143111
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
190,400 SF
Lot
0.96 ac (42,000 SF)
Zoning code
R7-1
APN
03086-0040
UPID
US63-3143111
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
-
Dr. Eduard Levy, MD Physician
-
Royal Express Line Corporation Department Of Transportation
-
Weinreb Management Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
65-61 Saunders Street Assocs L · 7 yrs held
65-61 Saunders Street Assocs L
since 2018
7 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 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
$18 / 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
$810,253
Tax year 2024
Assessed value
$6,623,550
Assessed 2024
Previous assessed
$6,487,380
+2.1% YoY
Effective rate
12.23%
On assessed value
Assessed land
$1,134,000
Assessed improvement
$5,489,550
Land market value
$2,520,000
Improvement market value
$12,199,000
Total market value
$14,719,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
1
Stories
8
Units
178
Total area
190,400 SF
Lot
0.96 ac (42,000 SF)
Zoning code
R7-1
APN
03086-0040
UPID
US63-3143111
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
1948
Heating
NONE
Stories
8
Buildings
1
Units
178
Lot
0.96 ac
Current owner
From public records · entity-resolved
65-61 Saunders Street Assocs L
Individual
Mailing address
276 RIVERSIDE DR OFC #1, NEW YORK, NY 10025-5204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 3, 2018
—
65-61 Saunders Street Assocs L
—
Loan Modification
related
$20,000,000 · New York Cmnty Bk
Sep 22, 2011
—
New York Cmnty Bk
—
Deed Of Trust
related
$13,875,000 · 65-61 Saunders St Assocs LLC
—
—
Saunders Street Assocs L 65-61
—
Deed Of Trust
related
$2,079,719 · New York Community Bank
—
—
65-61 Saunders St Assocs LLC
—
Loan Modification
related
$15,200,416 · New York Community Bank
—
—
T1 Unison Site Management LLC
—
Deed Of Trust
related
$323,414 · Deutsche Bank Trust Co America
—
—
65-61 Saunders Street Assoc
—
Deed Of Trust
related
$2,395,632 · Independence Community Bank
—
—
T6 Unison Site Management LLC
—
Deed Of Trust
related
$273,593 · Deutsche Bank Trust Co America
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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