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Property profile & analytics
OFF-MARKET
Apartment buildings
172 Bch 119th St, Far Rockaway, NY 11694-3209
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0133114
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Total area
3,120 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R4A
APN
16228-0070
UPID
US63-0133114
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rock Heights LLC · 6 yrs held
Rock Heights LLC
since 2019
7 recorded transactions
Zoning & alternative use
R4A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,765
Tax year 2024
Assessed value
$131,220
Assessed 2024
Previous assessed
$109,350
+20.0% YoY
Effective rate
11.25%
On assessed value
Assessed land
$69,300
Assessed improvement
$61,920
Land market value
$154,000
Improvement market value
$137,600
Total market value
$291,600
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1938
Heating
NONE
Buildings
1
Stories
3
Units
5
Total area
3,120 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R4A
APN
16228-0070
UPID
US63-0133114
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4A · Far Rockaway, NY
Zoning R4A · permitted uses
R4A · 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
1938
Heating
NONE
Stories
3
Buildings
1
Units
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rock Heights LLC
Entity
Mailing address
4426 18TH AVE, BROOKLYN, NY 11204-1201
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2019
$925,000
Rock Heights LLC
Osullivan Mary C
Grant Deed
$160,862 · Flushing Bk
Jul 19, 2019
—
Rock Heights LLC
—
Deed
related
$500,000 · Flushing Bk
May 15, 2013
$200,250
Mary C O'sullivan
Glendale House INC
Grant Deed
—
Apr 8, 2005
—
Glendale House INC
Osullivan,mary C
Grant Deed
related
—
Apr 21, 2004
$450,000
James O'sullivan
Lynch,james B
Grant Deed
$325,000 · S I Bank & Trust
—
—
Mary C O'sullivan
—
Deed Of Trust
related
$120,741 · Flushing Bk
—
—
Rock Heights LLC
—
Loan Modification
related
$500,000 · Flushing Bk
—
—
Mary C O'sullivan
—
Loan Modification, Consolidation And Extension
related
$355,000 · Flushing Bk
—
—
James B Lynch
—
Deed Of Trust
related
$125,000 · Delta Funding
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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