New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,330,000
Apartment buildings
1042 Beech St 1052, East Atlantic Beach, NY 11561-1139
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3155500
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,180 SF
Lot
0.25 ac (10,800 SF)
APN
58-105-00-0001
UPID
US63-3155500
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
-
Tandoor Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.13M
Blend (final)
Blend
$6.33M
Owner & transaction history
1042 West Beech St LLC · 4 yrs held
1042 West Beech St LLC
since 2022
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
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 East Atlantic Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Atlantic Beach 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
$5,320,000
ML approach
$6,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.33M
Range $5.70M – $6.96M · ±10% · vs last sale $6.40M (Feb 17 2022)
Last sale anchor
$6.40M
Feb 17 2022
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
$882 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$64,111
Tax year 2023
Assessed value
$30,978
Assessed 2023
Previous assessed
$30,978
+0.0% YoY
Effective rate
206.96%
On assessed value
Assessed land
$2,646
Assessed improvement
$28,332
Total market value
$3,097,800
Applied tax rate
996.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
20
Total area
7,180 SF
Lot
0.25 ac (10,800 SF)
APN
58-105-00-0001
UPID
US63-3155500
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Units
20
Lot
0.25 ac
Current owner
From public records · entity-resolved
1042 West Beech St LLC
Entity
Mailing address
315 E PO BOX 357TH ST, HUNTINGTON, NY 11743-0357
Ownership since
2022
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
Feb 17, 2022
$6,400,000
1042 West Beech St LLC
1042 West Beech Lond Beach LLC
Bargain And Sale Deed
$1,689,216 · Greystone Servicing Corp
Feb 20, 2018
$4,650,000
1042 West Beech St Long Beach LLC
Aldrich Mgmt Co LLC
Deed
—
Feb 20, 2018
—
1042 West Beech Street Long Bc
—
Deed
related
$3,720,000 · Hunt Mtg Ptrs LLC
Dec 26, 2016
—
Aldrich Management Co LLC
—
Deed
related
$1,472,280 · New York Commercial Bank
Jul 3, 2012
$3,050,000
Aldrich Management Co LLC
51 Georgia Avenue LLC
Grant Deed
—
Dec 30, 2005
$3,010,000
51 Georgia Avenue LLC
Wydler Real Estate INC
Grant Deed
$2,000,000 · John & Patricia Marshall
—
—
Aln Realty Corp
—
Deed Of Trust
related
$600,000 · Individual
—
—
Aldrich Management Co LLC
—
Loan Modification
related
$3,415,000 · New York Com'l Bk
—
—
1042 West Beech Street Long Bc
—
Loan Modification, Consolidation And Extension
related
$3,720,000 · Hunt Mtg Ptrs 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.
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?”
You own 1042 Beech St, Unit 1052?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
