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Property profile & analytics
OFF-MARKET
Estimated value
$5,605,000
Apartment buildings
142 Bch 96th St, Rockaway Beach, NY 11693-1337
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-0889176
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
31,634 SF
Lot
0.3 ac (13,100 SF)
Zoning code
R5D
APN
16168-0017
UPID
US63-0889176
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.01M
Blend (final)
Blend
$5.61M
Owner & transaction history
405 8 LLC · 14 yrs held
405 8 LLC
since 2012
7 recorded transactions
Zoning & alternative use
R5D · Rockaway Beach, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+56.6%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Beach 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,655,000
Current use
COMMERCIAL (GENERAL)
$8,855,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$5.61M
Range $5.04M – $6.17M · ±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
$177 / 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
$4,478
Tax year 2024
Assessed value
$1,922,850
Assessed 2024
Previous assessed
$1,926,450
-0.2% YoY
Effective rate
0.23%
On assessed value
Assessed land
$442,350
Assessed improvement
$1,480,500
Land market value
$983,000
Improvement market value
$3,290,000
Total market value
$4,273,000
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
3
Units
29
Total area
31,634 SF
Lot
0.3 ac (13,100 SF)
Zoning code
R5D
APN
16168-0017
UPID
US63-0889176
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Rockaway Beach, NY
Zoning R5D · permitted uses
R5D · Rockaway Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
3
Buildings
1
Units
29
Lot
0.3 ac
Current owner
From public records · entity-resolved
405 8 LLC
Entity
Mailing address
412 8TH AVE, NEW YORK, NY 10001-1822
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2019
—
156 Beach 96 LLC
—
Deed
related
$2,045,000 · Sterling National Bank
Jun 9, 2015
—
405 8 LLC
—
Grant Deed
related
$3,980,000 · Valley Nat'l Bk
Jun 1, 2012
$1,350,000
405 8 LLC
Madison Park Investors LLC
Grant Deed
$700,000 · Madison Park Investors LLC
Oct 26, 2011
$1,000
Madison Park Investors LLC
Referee Of Queens County
Trustees Deed
—
Nov 10, 2008
—
142 Beach 96th Street Corp
Cohen,galia
Grant Deed
—
Feb 20, 2008
$36,111
Nine Homes INC
Imc Home Equity Trust 1997-3
Grant Deed
—
Feb 20, 2008
$36,000
142 Beach 96th Street Corp
Nine Homes INC
Grant Deed
—
Feb 20, 2008
$111,274
Imc Home Equity Loan Trust 1997-3
Referee Of Queens County
Trustees Deed
related
—
Feb 20, 2008
$136,696
Imc Home Equity Loan Trust 1997-3
Referee Of Queens County
Trustees Deed
related
—
Feb 20, 2008
$1,000
Imc Home Equity Loan Trust 1998-1
Referee Of Queens County
Trustees Deed
related
—
Jan 29, 2008
—
146 Beach 96th Street Corp
—
Trustees Deed
related
$1,850,000 · Madison Park Investors LLC
—
—
405 8 LLC
—
Loan Modification
related
$7,700,000 · 156 Beach 96 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.
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