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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Medical Office Space
7161 159th St, Flushing, NY 11365-4123
Entity Owned
~
Est. High Equity
Property ID
US63-0827023
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2000
Total area
165,906 SF
Lot
1.56 ac (67,823 SF)
Zoning code
R6
APN
06797-0079
UPID
US63-0827023
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
-
Healing Rays - Flushing Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Boulevard Alp Associates, L.l.c.
Boulevard Alp Associates, L.l.c.
since 2026
7 recorded transactions
Zoning & alternative use
R6 · 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
$11 / 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
$1,008,465
Tax year 2024
Assessed value
$10,088,100
Assessed 2024
Previous assessed
$10,088,100
+0.0% YoY
Effective rate
10.00%
On assessed value
Assessed land
$913,500
Assessed improvement
$9,174,600
Land market value
$2,030,000
Improvement market value
$20,388,000
Total market value
$22,418,000
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
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
7
Units
204
Total area
165,906 SF
Lot
1.56 ac (67,823 SF)
Zoning code
R6
APN
06797-0079
UPID
US63-0827023
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Flushing, NY
Zoning R6 · permitted uses
R6 · 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
2000
Heating
NONE
Stories
7
Buildings
1
Units
204
Lot
1.56 ac
Current owner
From public records · entity-resolved
Boulevard Alp Associates, L.l.c.
Entity
Mailing address
7161 159TH ST, FLUSHING, NY 11365-4123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Boulevard Alp Associates, L.l.c.
—
Deed
related
$9,326,722 · Mishmeret Trust Company Ltd
Apr 3, 2025
—
Boulevard Alp Associates, L.l.c.
—
Deed
related
$180,521 · Mishmeret Trust Company Ltd
Mar 18, 2021
—
Boulevard Alp Associates LLC
—
Deed
related
$3,282,400 · Capital Funding LLC
Jul 22, 2019
—
Louisiana Purchase LLC
—
Deed
related
$2,636,000 · Mishmeret Tr Co Ltd
May 17, 2017
—
Louisiana Purchase LLC
—
Grant Deed
related
$6,450,000 · Private Individual
—
—
Boulevard Alp Assocs LLC
—
Deed Of Trust
related
$1,101,069 · Rockhall Funding Corp
—
—
Louisiana Purchase LLC
—
Deed Of Trust
related
$2,636,000 · Mishmeret Tr Co Ltd
—
—
Boulevard Alp Assocs LLC
—
Deed Of Trust
related
$30,307,000 · Rockhall Funding Corp
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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