New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,660,000
Office buildings
7010 Austin St, Flushing, NY 11375-1021
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0758682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Total area
11,924 SF
Lot
0.1 ac (4,211 SF)
Zoning code
R5D
APN
03234-0170
UPID
US63-0758682
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
-
GMS Medical Services, PC: Szerlip Gregg M DO Physician
-
Dr. Jean Luo Physician
-
Amazon Hub Locker - Solomon Marketing & Advertising IT Consulting Firm
-
Cataldo Regina M Physician
-
Gingold Jodilyn MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.66M
Owner & transaction history
Sawyen LLC · 14 yrs held
Sawyen LLC
since 2011
6 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%
$6,980,000
6.5%
$6,440,000
7%
$5,980,000
Blend value · Realmo final
$4.66M
Range $4.19M – $5.13M · ±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
$391 / 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
$143,648
Tax year 2024
Assessed value
$1,525,950
Assessed 2024
Previous assessed
$1,346,000
+13.4% YoY
Effective rate
9.41%
On assessed value
Assessed land
$403,650
Assessed improvement
$1,122,300
Land market value
$897,000
Improvement market value
$2,494,000
Total market value
$3,391,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
1
Stories
2
Units
7
Total area
11,924 SF
Lot
0.1 ac (4,211 SF)
Zoning code
R5D
APN
03234-0170
UPID
US63-0758682
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Flushing, NY
Zoning R5D · permitted uses
R5D · 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
1987
Heating
NONE
Stories
2
Buildings
1
Units
7
Lot
0.1 ac
Current owner
From public records · entity-resolved
Sawyen LLC
Entity
Free & Clear · 14 yrs held
Mailing address
13527 38TH AVE FL #2, FLUSHING, NY 11354-4449
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2016
—
Sawyen LLC
—
Deed
related
$7,300,000 · Ctbc Bk Corp (usa)
Jan 23, 2012
—
Sawyen LLC
—
Deed Of Trust
related
$2,869,567 · Mega International Com'l Bank
Dec 19, 2011
$13,350,000
Sawyen LLC
Heskel I INC
Grant Deed
—
Jun 30, 2008
—
Heskel I INC
—
Deed Of Trust
related
$6,000,000 · Astoria Federal S&l Assn
—
—
Sawyen LLC
—
Deed Of Trust
related
$8,600,000 · Mega International Com'l Bank
—
—
Sawyen LLC
—
Loan Modification, Consolidation And Extension
related
$7,300,000 · Ctbc Bk Corp (usa)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7010 Austin St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
