Individually Owned Property summary
AI-generated overview
901 Cross Bay Boulevard in Queens, NY, presents a unique single-tenant opportunity in a prime location (zip code 11693). This exceptional space, currently configured as an office, boasts exquisite millwork and fixtures, creating a sophisticated and inviting atmosphere. High vaulted ceilings and strategically placed skylights flood the interior with abundant natural light, enhancing the overall ambiance. The property's versatile design allows for seamless adaptation to various uses, making it ideal for a boutique office, a flagship retail establishment, or a vibrant new restaurant. Minimal renovations are needed
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
2,518 SF
Lot
0.06 ac (2,518 SF)
Zoning code
R3A
APN
15314-0007
UPID
US63-0828111
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$485k
Owner & transaction history
since 2000
2 recorded transactions
Zoning & alternative use
R3A · Broad Channel, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$485k
Value range
$437k – $534k
±10% around blend
Estimated value / SF
$193 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$437k
blend $485k
$534k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,518 SF
Lot area
0.06 ac
Year built
2003
Stories
1
APN
15314-0007
Zoning
R3A
Assessed value
$126,900
Annual tax
$13,089
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.32M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.7 mi away · 2,100 SF
6.4 mi away · 2,000 SF
6.5 mi away · 2,400 SF
6.5 mi away · 2,240 SF
8.4 mi away · 2,250 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$485k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 20 sales
$452
-57%
County 394 sales
$576
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $193/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$127k
Move the market yield to see immediate price impact.
Value / SF
$50
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$160k
$114k
$89k
$9k
$178k
$127k
$99k
$10k
$195k
$140k
$109k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$185k
1.3 mi · Oct 2025 · $99/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,089
Tax year 2024
Assessed value
$126,900
Assessed 2024
Previous assessed
$123,300
+2.9% YoY
Effective rate
10.31%
On assessed value
Assessed land
$15,300
Assessed improvement
$111,600
Land market value
$34,000
Improvement market value
$248,000
Total market value
$282,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,518 SF
Lot
0.06 ac (2,518 SF)
Zoning code
R3A
APN
15314-0007
UPID
US63-0828111
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Broad Channel, NYZoning R3A · permitted uses
R3A · Broad Channel, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R3A
Jurisdiction
Broad Channel, NY
Recorded code
R3A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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