Entity Owned
No photos on file
For Sale
Contact for pricing
151 Beach 91St St, Rockaway Beach, NY 11693
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Total area
5,008 SF
Lot
0.13 ac (5,860 SF)
Zoning code
R5A
APN
16137-0038
UPID
US63-3510887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
since 2022
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
R5A · Rockaway Beach, NY
Top alternative use upside
Retail stores
$2.3M
+153.1%
Warehouse, storage
$2.0M
+126.8%
Industrial (general)
$2.0M
+122.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 30 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.30M
Value range
$1.17M – $1.42M
±10% around blend
Estimated value / SF
$259 / SF
Confidence
High
30 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$1.17M
blend $1.30M
$1.42M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,008 SF
Lot area
0.13 ac
Year built
1930
Stories
3
APN
16137-0038
Zoning
R5A
Assessed value
$200,700
Annual tax
$23,167
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.89M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.04M
@ 6.5% CAP return
$1.89M
@ 7% CAP return
$1.75M
4
Sales comparison
Partial preview
Sales approach indication
$971k
Weighted, 20 comps · high confidence
Evidence
30 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 6,502 SF
5.1 mi away · 4,500 SF
6.5 mi away · 4,020 SF
6.6 mi away · 3,677 SF
7.0 mi away · 5,560 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 37 sales
$179
+45%
County 842 sales
$244
+6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $259/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+153%
vs current-use indication
Warehouse, Storage
Industrial (general)
Commercial (general)
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 30 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
9.50%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.50%
9.0%
NOI (est.)
$109k *
Last sale · Mar 2022
$1.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.14M
Move the market yield to see immediate price impact.
Value / SF
$228
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.00%9.50%10.00%
$98k
$1.09M
$1.03M
$977k
$109k
$1.21M
$1.14M
$1.09M
$119k
$1.33M
$1.26M
$1.19M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
30 found
High confidence · county-verified
Closest comparable
$775k
1.0 mi · Oct 2025 · $197/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,167
Tax year 2024
Assessed value
$200,700
Assessed 2024
Previous assessed
$184,088
+9.0% YoY
Effective rate
11.54%
On assessed value
Assessed land
$4,950
Assessed improvement
$195,750
Land market value
$11,000
Improvement market value
$435,000
Total market value
$446,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
7
Total area
5,008 SF
Lot
0.13 ac (5,860 SF)
Zoning code
R5A
APN
16137-0038
UPID
US63-3510887
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5A · Rockaway Beach, NYZoning R5A · permitted uses
R5A · Rockaway Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
3
Buildings
1
Units
7
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R5A
Jurisdiction
Rockaway Beach, NY
Recorded code
R5A
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
