Financial
Distress signals
Property profile

74-02 Grand Ave 5 Elmhurst, NY 11373

FOR LEASE
Office buildings
Property ID
US63-3645124
27,104 SF 0.19 ac lot Built 2017
Last sale Dec 2015 · $2,254,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a storefront retail space of approximately 1,000 square feet, currently configured for a bubble tea and dessert shop, with an interior layout that could support similar concepts and other retail/commercial uses mentioned in the listing such as a deli, massage shop, or dessert café. The business fixtures and collectibles/figurines are excluded from transfer. The storefront is located at 7402 Grand Ave in Elmhurst, New York, within a commercial district, near an elementary school,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$181k
Tax billed · 2024
Assessed value$1.86M
Assessed land$369k
Assessed improvement$1.49M
Effective rate9.74%

Value estimate

· Sep 2026
$7.42M
$6.67M – $8.16M
NOI build-up
Gross scheduled income$1.36M
Vacancy & credit loss−$176k
Operating expenses−$296k
NOI · 7,111.54% cap applied$889k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$681/SF
Submarket average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$402 – $1,529
Qualifying comparables4

Cap rate analysis

How does the asset earn?
7,111.54%
$889k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M1-1
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
General categoryINDUSTRIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm35.1
Realty agency30.4
Clothing Store16.8

Location

74-02 Grand Ave, Unit 5 Elmhurst, NY 11373
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message