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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Retail space
1479 Bch Channel Dr, Far Rockaway, NY 11691-3800
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-1135427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
21,037 SF
Lot
1.41 ac (61,507 SF)
Zoning code
R5
APN
15650-0024
UPID
US63-1135427
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
-
Western Union Bank Credit Union
-
Bess Liquor Wines Inc (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.31M
Owner & transaction history
1464-1499 Bch Channel Drive Ll · 11 yrs held
1464-1499 Bch Channel Drive Ll
since 2014
7 recorded transactions
Zoning & alternative use
R5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,260,000
6.5%
$5,775,000
7%
$5,365,000
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±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
$205 / 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
$150,475
Tax year 2024
Assessed value
$1,420,650
Assessed 2024
Previous assessed
$1,392,300
+2.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$283,500
Assessed improvement
$1,137,150
Land market value
$630,000
Improvement market value
$2,527,000
Total market value
$3,157,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
7
Stories
1
Units
8
Total area
21,037 SF
Lot
1.41 ac (61,507 SF)
Zoning code
R5
APN
15650-0024
UPID
US63-1135427
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Far Rockaway, NY
Zoning R5 · permitted uses
R5 · 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
2006
Heating
NONE
Stories
1
Buildings
7
Units
8
Lot
1.41 ac
Current owner
From public records · entity-resolved
1464-1499 Bch Channel Drive Ll
Individual
Mailing address
53 CARDINAL LN, HAUPPAUGE, NY 11788-2120
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
1464-1499 Beach Channel Drive LLC
—
Deed
related
$692,645 · Standard Insurance Company
Dec 3, 2014
$8,436,000
1464-1499 Bch Channel Drive Ll
First Channel Realty LLC
Grant Deed
$5,200,000 · Barclays Bk/plc
Jul 24, 2009
—
First Channel Rlty LLC
—
Deed Of Trust
related
$4,750,000 · Community National Bank
Feb 7, 2008
—
First Channel Realty LLC
—
Trustees Deed
related
$725,000 · Community National Bank
May 5, 2004
$875,000
First Channel Realty LLC
R E T Capital Corp
Grant Deed
related
$475,000 · Farock Terminal Ventures LLC
—
—
First Channel Realty LLC
—
Deed Of Trust
related
$3,560,294 · Community National Bank
—
—
First Channel Realty LLC
—
Deed Of Trust
related
$1,125,000 · Community National 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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