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Property profile & analytics
FOR LEASE
Banks
97-77 Queens Blvd, Rego Park, NY 11374
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1853769
For Lease
Contact for pricing
97-77 Queens Blvd, Rego Park, NY 11374
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1964
Total area
307,297 SF
Lot
0.8 ac (34,898 SF)
Zoning code
C4-2
APN
02092-0001
UPID
US63-1853769
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
-
Queens Legal Services For-Elderly Social Service Agency Charitable Organization
-
Jacqueline Forman Physician
-
Jasa Jewish Association For Services Social Service Agency Charitable Organization
-
Thera Care of NY Charitable Organization Social Service Agency
-
Lefrak Organization Inc Advertising Agency Marketing & Advertising
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
Federal Realty LP · 5 yrs held
Federal Realty LP
since 2021
7 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
$1,907,752
Tax year 2024
Assessed value
$18,011,250
Assessed 2024
Previous assessed
$17,694,450
+1.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$2,355,750
Assessed improvement
$15,655,500
Land market value
$5,235,000
Improvement market value
$34,790,000
Total market value
$40,025,000
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
1964
Heating
NONE
Buildings
1
Stories
13
Units
44
Total area
307,297 SF
Lot
0.8 ac (34,898 SF)
Zoning code
C4-2
APN
02092-0001
UPID
US63-1853769
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
1964
Heating
NONE
Stories
13
Buildings
1
Units
44
Lot
0.8 ac
Current owner
From public records · entity-resolved
Federal Realty LP
Entity
Mailing address
9777 QUEENS BLVD, FLUSHING, NY 11374-3335
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
—
Federal Realty LP
—
Deed
related
$20,000,000 · Bankunited NA
Mar 24, 2020
—
Federal Realty LP
—
Deed
related
$20,000,000 · Bankunited NA
Jun 13, 2011
—
Federal Realty LP
—
Deed Of Trust
related
$25,000,000 · New York Community Bank
—
—
Federal Realty LP
—
Loan Modification
related
$23,435,472 · New York Cmnty Bk
—
—
Federal Realty LP
—
Deed Of Trust
related
$9,325,641 · New York Community Bank
—
—
Federal Realty LP
—
Loan Modification
related
$20,000,000 · Bankunited NA
—
—
Federal Realty
—
Deed Of Trust
related
$5,923,455 · Independence Community Bank
—
—
Federal Realty LP
—
Loan Modification
related
$20,000,000 · Bankunited NA
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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