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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Motels
9400 Ditmars Blvd, Flushing, NY 11369-1200
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-0964520
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1956
Total area
78,496 SF
Lot
1.76 ac (76,709 SF)
Zoning code
R3-1
APN
01071-0001
UPID
US63-0964520
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
-
Flatiron Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
9400 Realty LLC · 9 yrs held
9400 Realty LLC
since 2016
7 recorded transactions
Zoning & alternative use
R3-1 · 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
HOTEL/MOTEL
$1,555,000
Current use
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$13 / 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
$1,005,701
Tax year 2024
Assessed value
$10,452,600
Assessed 2024
Previous assessed
$9,351,450
+11.8% YoY
Effective rate
9.62%
On assessed value
Assessed land
$2,588,850
Assessed improvement
$7,863,750
Land market value
$5,753,000
Improvement market value
$17,475,000
Total market value
$23,228,000
Applied tax rate
4.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1956
Heating
NONE
Buildings
1
Stories
3
Units
172
Total area
78,496 SF
Lot
1.76 ac (76,709 SF)
Zoning code
R3-1
APN
01071-0001
UPID
US63-0964520
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-1 · Flushing, NY
Zoning R3-1 · permitted uses
R3-1 · 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
HOTEL/MOTEL Current
Est. value
$1.6M
HOTEL/MOTEL 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
1956
Heating
NONE
Stories
3
Buildings
1
Units
172
Lot
1.76 ac
Current owner
From public records · entity-resolved
9400 Realty LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1633 BROADWAY FL #46, NEW YORK, NY 10019-7846
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2020
—
9400 Realty LLC
—
Deed
related
$5,000,000 · Investors Bank
Jul 11, 2019
—
9400 Realty LLC
—
Deed
related
$4,352,799 · Investors Bank & Trust Co
Sep 20, 2016
$5,004,641
9400 Realty LLC
Sayreville 220 LLC
Grant Deed
—
May 24, 2016
—
9400 Realty LLC
—
Deed
related
$2,500,000 · Investors Bank & Trust Co
Feb 10, 2015
$18,000,000
9400 Realty LLC
Gecmc 2007-c1 Ditmars Lodging LLC
Deed
$14,400,000 · Investors Bank & Trust Co
Jan 15, 2013
$13,400,000
Gecmc 2007-c1 Ditmars Lodging
Referee Of Queens County
Trustees Deed
—
—
—
Hotel Creditors Recovery INC
—
Deed Of Trust
related
$2,000,000 · United States District Court
—
—
9400 Realty LLC
—
Loan Modification
related
$19,500,000 · Investors Bk
—
—
Pacifica Laguardia LLC
—
Deed Of Trust
related
$10,000,000 · Gmac Commercial Mortgage Corpo
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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