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Property profile & analytics
OFF-MARKET
Estimated value
$27,440,000
Super regional malls
6626 Metropolitan Ave Flushing, NY 11379-1630
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-3611196
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Total area
9,999,999 SF
Lot
22.06 ac (960,759 SF)
Zoning code
M1-2
APN
03605-0001
UPID
US63-3611196
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
-
ABCO HVACR Supply + Solutions Big Box & Wholesale Store
-
Funtopia USA Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
99¢ Singles & Plus Discount Store
-
New York City Department of Correction Academy Vocational School Training Center
-
Barak Anatoliy DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.44M
Owner & transaction history
Vertical Industrial Park Associates
Vertical Industrial Park Associates
since 2025
7 recorded transactions
Zoning & alternative use
M1-2 · 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
$3 / 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
$6,316,262
Tax year 2024
Assessed value
$62,474,850
Assessed 2024
Previous assessed
$58,778,101
+6.3% YoY
Effective rate
10.11%
On assessed value
Assessed land
$25,940,700
Assessed improvement
$36,534,150
Land market value
$57,646,000
Improvement market value
$81,187,000
Total market value
$138,833,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
2
Stories
3
Units
18
Total area
9,999,999 SF
Lot
22.06 ac (960,759 SF)
Zoning code
M1-2
APN
03605-0001
UPID
US63-3611196
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Flushing, NY
Zoning M1-2 · permitted uses
M1-2 · 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
1973
Heating
NONE
Stories
3
Buildings
2
Units
18
Lot
22.06 ac
Current owner
From public records · entity-resolved
Vertical Industrial Park Associates
Entity
Mailing address
400 GDN CITY PLZ STE #515, GARDEN CITY, NY 11530-3308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
Vertical Industrial Park Associates
—
Deed
related
$28,000,000 · Dbr Investments Co.limited
Sep 12, 2016
—
Vertical Indl Park Assocs
—
Deed
related
$55,060,363 · Natixis R/e Cap
Dec 8, 2010
—
Vertical Industrial Park Assoc
—
Deed Of Trust
related
$83,000,000 · Wells Fargo Bank
Aug 26, 2009
—
Vertical Industrial Pk Assocs
—
Deed Of Trust
related
$63,500,000 · Wells Fargo Bank
Jun 25, 2009
—
Middle Village Associates LLC
—
Deed Of Trust
related
$1,939,688 · Citibank NA
—
—
Metropolitan Restaurant Assocs
—
Deed Of Trust
related
$500,000 · Irwin Franchise Capital Corp
—
—
Middle Village Associates LLC
—
Deed Of Trust
related
—
—
—
Vertical Indl Park Assocs
—
Deed Of Trust
related
$55,060,363 · Natixis R/e Cap
—
—
Vertical Indl Park Assocs
—
Loan Modification, Consolidation And Extension
related
$132,000,000 · Natixis R/e Cap
—
—
Middle Village Assocs LLC
—
Deed Of Trust
related
—
—
—
Middle Village Assocs LLC
—
Deed Of Trust
related
—
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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