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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Retail residential properties
6917 38th Ave Flushing, NY 11377-2954
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-2673542
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2012
Total area
12,453 SF
Lot
0.08 ac (3,674 SF)
Zoning code
R5D
APN
01282-0064
UPID
US63-2673542
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
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Bqm Management LLC · 15 yrs held
Bqm Management LLC
since 2011
4 recorded transactions
Zoning & alternative use
R5D · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,670,000
6.5%
$2,465,000
7%
$2,290,000
Blend value · Realmo final
$270k
Range $243k – $297k · ±10%
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
$22 / 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
$7,013
Tax year 2024
Assessed value
$787,050
Assessed 2024
Previous assessed
$671,322
+17.2% YoY
Effective rate
0.89%
On assessed value
Assessed land
$225,000
Assessed improvement
$562,050
Land market value
$500,000
Improvement market value
$1,249,000
Total market value
$1,749,000
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
Off-Market
Year built
2012
Heating
NONE
Buildings
1
Stories
4
Units
9
Total area
12,453 SF
Lot
0.08 ac (3,674 SF)
Zoning code
R5D
APN
01282-0064
UPID
US63-2673542
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Flushing, NYZoning R5D · permitted uses
R5D · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Stories
4
Buildings
1
Units
9
Lot
0.08 ac
Current owner
From public records · entity-resolved
Bqm Management LLC
Entity
Mailing address
6917 38TH AVE, FLUSHING, NY 11377-2954
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Bqm Management LLC
—
Deed
related
$938,533 · Basis Multifamily Capital, LLC
Aug 28, 2018
—
Bqm Management LLC
—
Deed
related
$600,000 · Bcb Community Bank
Apr 29, 2011
$605,000
Bqm Management LLC
Maisenhalder William
Grant Deed
—
—
—
Bqm Management LLC
—
Loan Modification
related
$2,500,000 · Bcb Cmnty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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