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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Apartment buildings
7505 113th St, Flushing, NY 11375-5563
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-3928431
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Total area
60,025 SF
Lot
0.48 ac (20,870 SF)
Zoning code
R6
APN
02265-0079
UPID
US63-3928431
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
-
Forest Hills Healing Arts Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.53M
Blend (final)
Blend
$8.53M
Owner & transaction history
Queens Cedarcroft Co LP · 5 yrs held
Queens Cedarcroft Co LP
since 2021
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,340,000
Current use
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±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
$142 / 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
$318,538
Tax year 2024
Assessed value
$2,547,900
Assessed 2024
Previous assessed
$2,683,800
-5.1% YoY
Effective rate
12.50%
On assessed value
Assessed land
$402,750
Assessed improvement
$2,145,150
Land market value
$895,000
Improvement market value
$4,767,000
Total market value
$5,662,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
1
Stories
7
Units
92
Total area
60,025 SF
Lot
0.48 ac (20,870 SF)
Zoning code
R6
APN
02265-0079
UPID
US63-3928431
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.3M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
7
Buildings
1
Units
92
Lot
0.48 ac
Current owner
From public records · entity-resolved
Queens Cedarcroft Co LP
Entity
Mailing address
7505 113TH ST, FLUSHING, NY 11375-5563
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
—
Queens Cedarcroft Co LP
—
Deed
related
$13,650,000 · Orix R/e Cap
Jan 9, 2018
—
Queens Cedarcroft Company Limited P
—
Deed
related
$2,450,000 · Signature Bank
Jun 15, 2016
—
35th Avenue Apartments Co LP
—
Deed
related
$8,375,000 · Signature Bk
Jun 9, 2016
—
Gold Seal Co LP
—
Deed
related
$12,300,000 · Signature Bk
May 27, 2016
—
Queens Cedarcroft Co LP
—
Deed
related
$36,035,076 · New York Cmnty Bk
May 18, 2016
—
Queens Penn Co LP
—
Deed
related
$9,425,000 · Signature Bk
May 11, 2016
—
Queens Cedarcroft Company Limited P
—
Deed
related
$3,183,635 · Signature Bank
Jan 18, 2012
—
35th Avenue Apartments Co
—
Grant Deed
related
$37,500,000 · New York Community Bank
May 13, 2010
—
35th Avenue Apartments Co LP
—
Deed Of Trust
related
$46,230,000 · New York Community Bank
Apr 30, 2008
—
35th Avenue Apartments Co
—
Deed Of Trust
related
$19,003,032 · New York Community Bank
—
—
Queens Penn Co LP
—
Loan Modification, Consolidation And Extension
related
$9,425,000 · Signature Bk
—
—
35th Avenue Apartments Co LP
—
Loan Modification, Consolidation And Extension
related
$8,375,000 · Signature Bk
—
—
Pershing Crescent Apartments C
—
Loan Modification, Consolidation And Extension
related
$11,600,000 · Signature Bk
—
—
Queens Cedarcroft Co LP
—
Loan Modification
related
$36,035,076 · New York Cmnty Bk
—
—
Gold Seal Co LP
—
Loan Modification, Consolidation And Extension
related
$12,300,000 · Signature Bk
—
—
Queens Cedarcroft Co LP
—
Deed Of Trust
related
$860,015 · New York Community Bank
—
—
Queens Cedarcroft Co LP
—
Loan Modification
related
$13,650,000 · Orix R/e Cap
—
—
Queens Cedarcroft Co LP
—
Loan Modification, Consolidation And Extension
related
$7,750,000 · Signature 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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