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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail residential properties
11602 Rockaway Blvd Jamaica, NY 11420-1905
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-5526577
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1931
Total area
3,200 SF
Lot
0.05 ac (2,050 SF)
Zoning code
R3-2
APN
11709-0032
UPID
US63-5526577
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
-
Tyns Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$505k
Owner & transaction history
Chris 1989 LLC · 1 yrs held
Chris 1989 LLC
since 2024
5 recorded transactions
Zoning & alternative use
R3-2 · Jamaica, 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 Jamaica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jamaica 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$158 / 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
$23,432
Tax year 2024
Assessed value
$233,100
Assessed 2024
Previous assessed
$233,100
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$13,950
Assessed improvement
$219,150
Land market value
$31,000
Improvement market value
$487,000
Total market value
$518,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
6
Total area
3,200 SF
Lot
0.05 ac (2,050 SF)
Zoning code
R3-2
APN
11709-0032
UPID
US63-5526577
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Jamaica, NY
Zoning R3-2 · permitted uses
R3-2 · Jamaica, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jamaica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Buildings
1
Units
6
Lot
0.05 ac
Current owner
From public records · entity-resolved
Chris 1989 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11504 120TH ST, SOUTH OZONE PARK, NY 11420-2414
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
—
Chris 1989 LLC
Shamati Maheepat
Deed
—
Jul 14, 2021
$800,000
Shamati Maheepat
Ozone Services INC.
Deed
$400,000 · Ozone Service INC.
Dec 29, 2016
—
Ozone Services INC
Kumar,hemdutt
Quit Claim Deed
$34,114 · Dime Cmnty Bk
Oct 28, 2005
$625,000
Hemdutt Kumar
Martin Lawless
Deed
$425,000 · The Dime Savings Bank Williamsburgh
—
—
Ozone Services INC
—
Loan Modification, Consolidation And Extension
related
$345,000 · Dime Cmnty Bk
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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