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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Retail space
Whitestone Expy, Flushing, NY 11354
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3228787
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
12,000 SF
Lot
0.54 ac (23,626 SF)
Zoning code
M2-1
APN
04367-0001
UPID
US63-3228787
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.66M
Owner & transaction history
Downing Street Realty LLC · 2 yrs held
Downing Street Realty LLC
since 2023
7 recorded transactions
Zoning & alternative use
M2-1 · 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
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$138 / 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
$147,404
Tax year 2024
Assessed value
$1,525,950
Assessed 2024
Previous assessed
$1,372,787
+11.2% YoY
Effective rate
9.66%
On assessed value
Assessed land
$744,300
Assessed improvement
$781,650
Land market value
$1,654,000
Improvement market value
$1,737,000
Total market value
$3,391,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
1
Stories
1
Units
7
Total area
12,000 SF
Lot
0.54 ac (23,626 SF)
Zoning code
M2-1
APN
04367-0001
UPID
US63-3228787
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Flushing, NY
Zoning M2-1 · permitted uses
M2-1 · 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.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Buildings
1
Units
7
Lot
0.54 ac
Current owner
From public records · entity-resolved
Downing Street Realty LLC
Entity
Mailing address
13403 35TH AVE, FLUSHING, NY 11354-2816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 10, 2023
—
Downing Street Realty LLC
—
Deed
related
$9,500,000 · Preferred Bank
Jan 11, 2017
—
Downing Street Realty LLC
—
Deed
related
$3,850,000 · First American Int'l Bk
Oct 13, 2011
—
Downing Street Realty LLC
—
Deed Of Trust
related
$2,425,000 · Mega International Com'l Bank
—
—
12-10 Thirtieth Ave Corp
—
Deed Of Trust
related
$72,213 · North Fork Bank
—
—
Downing Street Realty LLC
—
Loan Modification, Consolidation And Extension
related
$3,850,000 · First American Int'l Bk
—
—
Feinrose Downing LLC
—
Deed Of Trust
related
$600,000 · Sherry
—
—
12-10 Thirtieth Ave Corp
—
Deed Of Trust
related
$700,000 · Capital One
—
—
Downing Street Realty LLC
—
Loan Modification
related
$3,850,000 · First American Int'l Bk
—
—
Downing Street Realty LLC
—
Deed Of Trust
related
$3,575,000 · Mega Int'l Com'l Bk
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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