Property profile

85-12 Queens Blvd GROUND Elmhurst, NY 11373

FOR LEASE
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Property ID
US63-3365197
2,426 SF 0.02 ac Built 1989
Last sale Oct 2007·$850,000
Trust Owned Owner of record is a trust. 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A ground-floor commercial space located at 85-12 Queens Boulevard in Elmhurst, constructed in 1989, with an open layout designed to support multiple types of occupancy including retail, professional office, showroom, warehouse, or service-oriented uses. The space has street-level access for pedestrian entry and deliveries. The location is near public transit, including the M/R subway station at Elmhurst Avenue and the E/F subway station at Grand Avenue, with nearby bus routes and convenient…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$146k
Assessed land$30k
Assessed improvement$116k
Effective rate10.59%

Value estimate

· Nov 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$8k
Operating expenses−$19k
NOI$31k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$403/SF
ZIP average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$211 – $578
Qualifying comparables6

Cap rate analysis

How does the asset earn?
$31k 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?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
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 Firm73.0
Realty agency54.0
Hotel & Motel21.1

Location

85-12 Queens Blvd, Unit GROUND Elmhurst, NY 11373
County assessor Recorded deeds · 4 transfers 6 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 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4032 Forley, Flushing, NY 11373-1427 $1,200,000 Aug 2025 2,634 SF
8008 51st, Flushing, NY 11373-4141 $315,000 Mar 2025 2,600 SF
4119 76th, Flushing, NY 11373-1929 $325,000 Nov 2024 2,552 SF
9059 Corona, Flushing, NY 11373-4046 $1,730,000 Sep 2024 2,800 SF
8010 51st, Flushing, NY 11373-4280 $1,300,000 Apr 2024 2,800 SF
9043 Corona, Flushing, NY 11373-4046 $1,410,000 Mar 2024 2,600 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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