Financial
Distress signals
Property profile

7409 37th Ave Flushing, NY 11372

OFF-MARKET
Office buildings
Property ID
US63-2879654
92,914 SF 0.46 ac lot Built 1949
Last sale Jan 2025 · $30,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an approximately 4,000-square-foot office suite that underwent a comprehensive renovation in 2023. The interior layout features multiple enclosed private offices, three conference rooms, and a dedicated executive office suitable for a CEO or manager. The suite includes updated lighting and contemporary flooring with refined interior finishes intended to provide a consistent professional environment. Access to the building is secured, and the suite is located in Jackson Heights

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?
$1.07M
Tax billed · 2024
Assessed value$11.10M
Assessed land$1.35M
Assessed improvement$9.75M
Effective rate9.64%

Value estimate

· Sep 2026
$25.11M
$22.59M – $27.62M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7-1
C1 or C2 mapped in R7-1 3.5 1.0 (b) For buildings containing residential and community facility uses , where such buildings have a ratio ...
General categoryRESIDENTIAL
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 Firm65.2
Gym & Fitness33.6
Parking Facility32.4

Location

7409 37th Ave Flushing, NY 11372-6300
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7115 Northern, Flushing, NY 11372-1046 $2,900,000 Feb 2026 7,720 SF
3702 82nd, Flushing, NY 11372-7032 $11,360,260 Mar 2025 27,324 SF
7315 Northern, Flushing, NY 11372-1144 $21,255,727 Feb 2024 5,600 SF
8111 Roosevelt, Flushing, NY 11372-6723 $8,350,000 Jun 2023 8,724 SF
7235 Broadway, Flushing, NY 11372-6330 $64,169,887 Apr 2022 13,070 SF
3703 92nd, Flushing, NY 11372-7929 $800,000 May 2019 8,240 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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