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Property profile & analytics
FOR LEASE
Banks
95-25 Queens Blvd, Rego Park, NY 11374
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-2500970
For Lease
Contact for pricing
95-25 Queens Blvd, Rego Park, NY 11374
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Total area
357,760 SF
Lot
1.71 ac (74,270 SF)
Zoning code
C4-2
APN
02079-0001
UPID
US63-2500970
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
-
Dr. Salil Gupta Physician
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Nina Depaola Physician
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Mrs. Soledad Tomasino Physician
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Joseph Taff Physician Medical Clinic
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Mercy Internal Medicine Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rego Park Office Tower LLC · 9 yrs held
Rego Park Office Tower LLC
since 2017
3 recorded transactions
Zoning & alternative use
C4-2 · 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 Rego Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rego Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,397,715
Tax year 2024
Assessed value
$28,319,400
Assessed 2024
Previous assessed
$21,835,350
+29.7% YoY
Effective rate
8.47%
On assessed value
Assessed land
$5,014,800
Assessed improvement
$23,304,600
Land market value
$11,144,000
Improvement market value
$51,788,000
Total market value
$62,932,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1975
Heating
NONE
Buildings
1
Stories
11
Units
10
Total area
357,760 SF
Lot
1.71 ac (74,270 SF)
Zoning code
C4-2
APN
02079-0001
UPID
US63-2500970
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Flushing, NY
Zoning C4-2 · permitted uses
C4-2 · 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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
11
Buildings
1
Units
10
Lot
1.71 ac
Current owner
From public records · entity-resolved
Rego Park Office Tower LLC
Entity
Free & Clear · 9 yrs held
Mailing address
9525 QUEENS BLVD, REGO PARK, NY 11374-4510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2017
$139,874,900
Rego Park Office Tower LLC
Queens Office Tower LP
Grant Deed
—
—
—
Queens Office Tower LP
—
Deed Of Trust
related
$4,030,448 · Axa Equitable Life Ins Co
—
—
Queens Office Tower LP
—
Deed Of Trust
related
$21,500,000 · Axa Equitable Life Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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