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Property profile & analytics
OFF-MARKET
Garden apartment buildings
188 Bch 109th St, Far Rockaway, NY 11694-2506
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2292411
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Total area
2,400 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3A
APN
16179-0078
UPID
US63-2292411
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
190 Beach 109 LLC · 4 yrs held
190 Beach 109 LLC
since 2022
Last sale
$360,000
7 recorded transactions
Zoning & alternative use
R3A · 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
$9,076
Tax year 2024
Assessed value
$126,000
Assessed 2024
Previous assessed
$67,259
+87.3% YoY
Effective rate
7.20%
On assessed value
Assessed land
$2,700
Assessed improvement
$123,300
Land market value
$6,000
Improvement market value
$274,000
Total market value
$280,000
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
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
4
Stories
1
Units
8
Total area
2,400 SF
Lot
0.09 ac (4,000 SF)
Zoning code
R3A
APN
16179-0078
UPID
US63-2292411
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Far Rockaway, NY
Zoning R3A · permitted uses
R3A · 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
1920
Heating
NONE
Stories
1
Buildings
4
Units
8
Lot
0.09 ac
Current owner
From public records · entity-resolved
190 Beach 109 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
525 BAYVIEW AVE, INWOOD, NY 11096-1703
Ownership since
2022
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
Apr 14, 2022
$360,000
190 Beach 109 LLC
Maureen Gallagher
Deed
—
Jul 20, 2018
$245,000
Frank Chiaramonte
Horgan,timothy
Grant Deed
—
May 20, 2011
$225,000
Timothy Horgan
Tufano,elizabeth
Grant Deed
—
Feb 20, 2007
$200,000
Elizabeth Tufano
Estate Of Frances Samon
Deed
$140,000 · Wells Fargo Bank NA
Dec 1, 2004
$155,000
Maureen Gallagher
Regan,robert A
Grant Deed
$124,000 · Wells Fargo Bank
Jun 2, 2004
$82,860
Frances Samon
Murray,george H
Grant Deed
—
Feb 27, 2004
—
Robert A Regan
Neafsey-regan,pamela
Quit Claim Deed
related
$68,900 · J P Morgan Chase Bank
Mar 5, 2001
$63,000
Robert Regan
Harben,stephanie
Grant Deed
$56,340 · Equicredit Corp
—
—
Elizabeth Tufano
—
Deed Of Trust
related
$160,000 · National City Mortgage Co
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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