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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Retail residential properties
11411 Rockaway Bch Blvd, Rockaway Park, NY 11694-2352
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-1651332
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1908
Total area
17,000 SF
Lot
0.18 ac (8,005 SF)
Zoning code
R5B
APN
16187-0001
UPID
US63-1651332
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
-
Leon's Shoe Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
W 114-17 LLC · 10 yrs held
W 114-17 LLC
since 2016
5 recorded transactions
Zoning & alternative use
R5B · Rockaway Park, 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 Rockaway Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$120 / 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
$57,373
Tax year 2024
Assessed value
$503,550
Assessed 2024
Previous assessed
$416,340
+20.9% YoY
Effective rate
11.39%
On assessed value
Assessed land
$126,000
Assessed improvement
$377,550
Land market value
$280,000
Improvement market value
$839,000
Total market value
$1,119,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1908
Heating
NONE
Buildings
3
Stories
3
Units
21
Total area
17,000 SF
Lot
0.18 ac (8,005 SF)
Zoning code
R5B
APN
16187-0001
UPID
US63-1651332
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Rockaway Park, NY
Zoning R5B · permitted uses
R5B · Rockaway Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1908
Heating
NONE
Stories
3
Buildings
3
Units
21
Lot
0.18 ac
Current owner
From public records · entity-resolved
W 114-17 LLC
Entity
Mailing address
478 ALBANY AVE #110, BROOKLYN, NY 11203-1002
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2018
—
W 114-17 LLC
—
Deed
related
$982,401 · Santander Bank, N A
May 31, 2016
$3,400,000
W 114-17 LLC
Solid Rock Park LLC
Deed
$2,550,000 · Hanover Community Bank
May 22, 2015
—
Solid Rock Park LLC
Karadimas Chris
Quit Claim Deed
—
Feb 5, 1996
$107,000
C Karadimas
Karadimas,a
Grant Deed
related
$100,000
—
—
W 114-17 LLC
—
Loan Modification
related
$3,400,000 · Santander Bk NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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