Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,185,000
Warehouses
1084 Rockaway Ave 1098 Brooklyn, NY 11236-1916
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3052109
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Total area
79,338 SF
Lot
1.89 ac (82,285 SF)
Zoning code
M1-1
APN
03650-0028
UPID
US63-3052109
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
-
Prime Storage Storage Facility
-
Amazon Locker - Ascensina Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$7.19M
Owner & transaction history
Prime Storage Fund II Cv, LLC · 1 yrs held
Prime Storage Fund II Cv, LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, 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 Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
$7.19M
Range $6.47M – $7.90M · ±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
$91 / 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
$442,501
Tax year 2024
Assessed value
$4,501,800
Assessed 2024
Previous assessed
$4,348,800
+3.5% YoY
Effective rate
9.83%
On assessed value
Assessed land
$1,751,400
Assessed improvement
$2,750,400
Land market value
$3,892,000
Improvement market value
$6,112,000
Total market value
$10,004,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
79,338 SF
Lot
1.89 ac (82,285 SF)
Zoning code
M1-1
APN
03650-0028
UPID
US63-3052109
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NYZoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
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
2016
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Prime Storage Fund II Cv, LLC
Entity
Mailing address
83-85 RAILWAY PL, SARATOGA SPRINGS, NY 12866
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$10,004,000
Prime Storage Fund II Cv, LLC
Prime Storage Fund II Idf, LP
Deed
—
Aug 26, 2022
—
Prime Storage Astoria, LLC
—
Deed
related
$4,641,149 · Srec Reit Holdings INC.
Nov 7, 2019
—
Prime Storage Astoria LLC
—
Loan Modification
related
$155,000,000 · Pcred Lending II LLC
Oct 27, 2017
$53,000,000
Prime Storage Rockaway LLC
Rockaway Ave Canarsie Storage
Trustees Deed
$21,920,634 · Arbor Realty SR
Oct 27, 2017
—
Prime Storage Rockaway LLC
—
Loan Modification, Consolidation And Extension
related
$42,000,000 · Arbor Realty SR
Mar 25, 2014
$7,000,000
Rockaway Ave Canarsie Storage
1100 Rockaway Realty LLC
Grant Deed
$5,500,000 · Satellite Auto Parts INC
Aug 20, 2009
—
Michele Deriso
Deriso,denise
Quit Claim Deed
related
—
—
—
Rockaway Ave Canarsie Storage
—
Deed Of Trust
related
$11,165,979 · Orix Re Holdings LLC
—
—
Rockaway Ave Canarsie Storage
—
Deed Of Trust
related
$5,065,158 · Orix Re Holdings LLC
—
—
Rockaway Ave Canarsie Storage
—
Loan Modification
related
$5,500,000 · Orix Re Holdings 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 1084 Rockaway Ave, Unit 1098?
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.
