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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Investment properties
12 Ctr Ave, East Rockaway, NY 11518-1110
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-1096760
Property summary
AI-generated overview
This 667-square-foot Class C business, located at 12 Centre Ave, East Rockaway, NY 11518, presents a fantastic opportunity. Currently operating as a restaurant/coffee shop from 10 AM to 8 PM, its prime location directly across from two schools and a train station ensures consistent foot traffic. Previously operating from 6 AM, the business enjoyed strong breakfast sales, suggesting significant potential for revenue growth by reintroducing morning service. The full basement offers ample storage, including five deep freezers, ideal for inventory management and menu expansion. The space is well-suited for various concepts, including a coffee shop, deli, salad bar, or hot food establishment. High foot traffic from commuters and students provides a steady stream of potential customers throughout the day. This established business offers a solid foundation with considerable room for growth through extended hours and menu enhancements. This is an excellent investment opportunity in a high-demand area.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1935
Total area
167 SF
Lot
0.2 ac (8,688 SF)
APN
38-501-00-0004
UPID
US63-1096760
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
-
latin fusión deli Food Market Restaurant
-
Fast N fresh deli. Department Store
-
RAICES BORICUA Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
412 Centre Ave LLC · 6 yrs held
412 Centre Ave LLC
since 2020
Last sale
$3.3M
6 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 Rockaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
Method
Estimation
Statistic approach
$4,140,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.25M (Feb 4 2020)
Last sale anchor
$3.25M
Feb 4 2020
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
$20,958 / 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
$25,259
Tax year 2023
Assessed value
$4,585
Assessed 2023
Previous assessed
$4,585
+0.0% YoY
Effective rate
550.91%
On assessed value
Assessed land
$1,825
Assessed improvement
$2,760
Total market value
$458,500
Applied tax rate
11.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1935
Heating
FORCED AIR
Buildings
2
Stories
1
Units
3
Total area
167 SF
Lot
0.2 ac (8,688 SF)
APN
38-501-00-0004
UPID
US63-1096760
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
1935
Heating
FORCED AIR
Stories
1
Buildings
2
Units
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
412 Centre Ave LLC
Entity
Mailing address
1 PLZ DR, SMITHTOWN, NY 11787-3729
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
$3,250,000
412 Centre Ave LLC
Brosins Realty II LLC
Grant Deed
$1,910,000 · Cherrywood Mtg LLC
Feb 4, 2020
—
Brosins Realty II LLC
Rosbrook Realty Ptrs LLC
Grant Deed
—
Dec 19, 2016
$500,000
Rosbrook Realty Partners LLC
Karamikian,gary
Grant Deed
—
Jan 28, 2013
—
Gary Karamikian
Karamikian,hagob Y & Stella
Quit Claim Deed
related
—
Jun 11, 2004
$80,000
Hagob Karamakian
Karamakian,hagob & Stella
Grant Deed
related
—
—
—
Hagob Karamikian
—
Deed Of Trust
related
$350,000 · Mardiros Abrimian
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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