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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Hotels
1021 Bch 21st St, Far Rockaway, NY 11691-3304
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-4356727
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
31,800 SF
Lot
0.29 ac (12,600 SF)
Zoning code
R6
APN
15705-0084
UPID
US63-4356727
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$545k
Owner & transaction history
Superior Beach 21 St LLC · 8 yrs held
Superior Beach 21 St LLC
since 2017
7 recorded transactions
Zoning & alternative use
R6 · Far Rockaway, 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 Far Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Far Rockaway 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$680,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$17 / 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
$333,781
Tax year 2024
Assessed value
$3,583,800
Assessed 2024
Previous assessed
$3,047,434
+17.6% YoY
Effective rate
9.31%
On assessed value
Assessed land
$188,550
Assessed improvement
$3,395,250
Land market value
$419,000
Improvement market value
$7,545,000
Total market value
$7,964,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Heating
NONE
Stories
5
Units
59
Total area
31,800 SF
Lot
0.29 ac (12,600 SF)
Zoning code
R6
APN
15705-0084
UPID
US63-4356727
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Far Rockaway, NY
Zoning R6 · permitted uses
R6 · Far Rockaway, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Far Rockaway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$680,000
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
5
Units
59
Lot
0.29 ac
Current owner
From public records · entity-resolved
Superior Beach 21 St LLC
Entity
Mailing address
238 CSWY CAUSEWAY, LAWRENCE, NY 11559-2128
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Cityview Management INC.
—
Deed
related
$2,000,000 · Popli, Chaman
Sep 26, 2019
—
Superior Beach 21st LLC
—
Deed
related
$3,000,000 · Yta LLC
Jan 23, 2019
—
Superior Beach 21st LLC
—
Deed
related
$1,000,000 · Yta LLC
Nov 16, 2017
$500,000
Superior Beach 21 St LLC
Superior Hospitality Mgmt LLC
Grant Deed
related
$800,000,000 · Yta LLC
Jan 5, 2015
$1,520,000
Superior Hospitality Mgmt LLC
Beach 21st Street Realty LLC
Grant Deed
$300,000 · 58 Herrick LLC
Aug 31, 2006
$950,000
Beach 21st Street Realty LLC
Hance,david
Grant Deed
$600,000 · Norman Seidenfeld
—
—
Superior Beach 21st LLC
—
Deed Of Trust
related
$1,000,000 · Yta LLC
—
—
Superior Beach 21st LLC
—
Deed Of Trust
related
$3,000,000 · Yta LLC
—
—
Superior Hospitality Mgmt LLC
—
Loan Modification, Consolidation And Extension
related
$900,000 · 58 Herrick LLC
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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