Realmo Analytics

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Financial
Distress signals
Property profile

186 Beach 116Th St New York, NY 11694

FOR SALE
Retail space
Property ID
US63-2329977
5,400 SF 0.14 ac lot Built 1929
Last sale May 2024 · $4,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$24k
Tax billed · 2024
Assessed value$227k
Assessed land$108k
Assessed improvement$119k
Effective rate10.59%

Value estimate

· Oct 2026
$4.50M
$4.05M – $4.95M
AI approach$4.50M
NOI build-up
Gross scheduled income$471k
Vacancy & credit loss−$69k
Operating expenses−$121k
NOI · 70.72% cap applied$281k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$452/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$254 – $585
Qualifying comparables21

Cap rate analysis

How does the asset earn?
70.72%
$281k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R5B
Where the designated district is an M1-2/R5B District, the provisions of paragraph (c) of Section 25-631 (Location and width of curb cuts...
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.9
Parking Facility11.3
Hair Salon10.6

Location

186 Beach 116Th St New York, NY 11694
County assessor Recorded deeds · 7 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
192 Bch 116th, Far Rockaway, NY 11694-2417 $4,500,000 May 2024 5,340 SF
194 Bch 116th, Far Rockaway, NY 11694-2417 $4,500,000 May 2024 4,200 SF
143 Bch 116th, Far Rockaway, NY 11694-2411 $1,200,000 Apr 2024 3,060 SF
431 Bch 129th, Far Rockaway, NY 11694-1516 $2,700,000 Nov 2021 3,581 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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