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    101 Bch St Queens, NY 11694
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    101 Bch St, Queens, NY 11694

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    • Land
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 101 Bch St

    Property type
    Land

    Description

    This exceptional 5,465 square foot vacant lot presents a remarkable development opportunity in the heart of Rockaway, Queens, New York. Located just one block from the beach at 101 Beach Street, this property (Lot 6) measures 81.74 feet by 70.95 feet. Zoning regulations permit the construction of a multi-family building up to four stories high, potentially accommodating up to fifteen apartments. The property's prime location and development potential make it an attractive investment. Detailed architectural plans should be reviewed to determine the optimal building design and maximize the buildable area. Note that an adjacent lot (Lot 1, currently a deli) is also available for purchase, offering the potential to significantly expand the development footprint to a total of approximately 21,800 square feet of buildable area. The combined lots would offer substantial development potential. This is a rare opportunity to acquire a large, buildable lot in a highly desirable beachfront location. The asking price for this exceptional property is $899,000. The zip code is 11694.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8625
    Latitude
    40.5722

    Comparable in this City

    • Value Estimation by Request

      100-02 Rockaway Bch Blvd

      Land
      100-02 Rockaway Bch Blvd, Queens, NY 11694
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      101-16 Beach 101St St

      Land
      101-16 Beach 101St St, Rockaway Park, NY 11694
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    • Value Estimation by Request
      144 SF

      163 Beach 108th St, Unit P1

      PARKING LOT • 144 SF
      163 Beach 108th St, Far Rockaway, NY 11694-2544
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    • Value Estimation by Request
      144 SF

      10804 Shr Frnt Pkwyp7

      PARKING LOT • 144 SF
      10804 Shr Frnt Pkwyp7, Far Rockaway, NY 11694-2697
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    • Value Estimation by Request
      144 SF

      10804 Shr Frnt Pkwyp8

      PARKING LOT • 144 SF
      10804 Shr Frnt Pkwyp8, Far Rockaway, NY 11694-2697
      View Details
    • Value Estimation
      $18,905,000
      290,070 SF

      10610 Shr Frnt Pkwy

      APARTMENT HOUSE (5+ UNITS) • 290,070 SF
      10610 Shr Frnt Pkwy, Far Rockaway, NY 11694
      View Details

    Similar Nearby for Sale

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      Development Opportunity in Rockaway Park

      Land for sale in Queens, NY.
      220 Beach 101St St, Queens, NY 11694
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      Vacant Land in Rockaway Beach

      8.6-acre vacant land parcel in Rockaway Beach, Queens.
      114-14 Beach Channel Dr, Queens, NY 11694
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    • $7,750,000
      25,000 SF

      Far Rockaway Multifamily Investment Opportunity

      32-unit apartment building in Far Rockaway, Queens. Fully occupied.
      2-23 Beach 101St St, Far Rockaway, NY 11694
      View Details

    Similar Nearby for Lease

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      2,000 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for rent near subway station.
      11505 Beach Channel Dr, Rockaway Park, NY 11694
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    • Contact for pricing

      Retail Space in Vibrant Development

      Retail space available in a 130,000 SF Rockaway development.
      133 Beach 116Th St, New York, NY 11694
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    • Contact for pricing

      Rockaway Park Mixed-Use Property

      Mixed-use residential property near Rockaway Beach boardwalk and shoreline.
      1-48 Beach 116Th St, New York, NY 11694
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    • Contact for pricing

      Retail Space in Coastal Neighborhood

      5,340 SF retail space in Far Rockaway, Queens.
      1-92 Beach 116Th St, New York, NY 11694
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    • Contact for pricing

      Prime Retail Space in Rockaway

      Expansive retail space in Rockaway Park, flexible divisions available.
      2-34 Beach 102Nd St, Rockaway Park, NY 11694
      View Details
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    101 Bch St
    Queens, NY 11694
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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