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Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Office buildings
11506 Bch Channel Dr, Far Rockaway, NY 11694-2113
Entity Owned
21-yr Hold
Free & Clear
Property ID
US63-6213093
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1957
Total area
12,670 SF
Lot
0.15 ac (6,671 SF)
Zoning code
C8-1
APN
16166-0311
UPID
US63-6213093
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
-
Northwell Health Primary Care, Geriatrics Medicine, And Allergy Immunology Medical Clinic
-
Mr. Francis Albano Physician
-
Peninsula Family Health Center Home Health Care Service
-
Pennsula Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Beach Channel Drive Rlty LLC · 21 yrs held
Beach Channel Drive Rlty LLC
since 2005
4 recorded transactions
Zoning & alternative use
C8-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$270 / 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
$70,876
Tax year 2024
Assessed value
$669,150
Assessed 2024
Previous assessed
$652,950
+2.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$121,500
Assessed improvement
$547,650
Land market value
$270,000
Improvement market value
$1,217,000
Total market value
$1,487,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1957
Heating
NONE
Buildings
1
Stories
2
Units
6
Total area
12,670 SF
Lot
0.15 ac (6,671 SF)
Zoning code
C8-1
APN
16166-0311
UPID
US63-6213093
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Far Rockaway, NY
Zoning C8-1 · permitted uses
C8-1 · 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.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
2
Buildings
1
Units
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Beach Channel Drive Rlty LLC
Entity
Free & Clear · 21 yrs held
Mailing address
11 PNE TER W, SHORT HILLS, NJ 07078-2426
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2019
—
Beach Channel Drive Realty LLC
—
Grant Deed
related
$1,500,000 · Country Bk
Jul 7, 2005
$655,000
Beach Channel Drive Rlty LLC
Deni LLC
Grant Deed
—
—
—
Beach Channel Drive Realty LLC
—
Deed Of Trust
related
$749,960 · Country Bk
—
—
Beach Channel Drive Realty LLC
—
Deed Of Trust
related
$1,235,000 · J P Morgan Chase Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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