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Property profile & analytics
FOR LEASE
Office buildings
2-34 Beach 102Nd St, Rockaway Park, NY 11694
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3909379
For Lease
1 / 11
$6,135,000
2-34 Beach 102Nd St, Rockaway Park, NY 11694
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Total area
23,310 SF
Lot
1.07 ac (46,696 SF)
Zoning code
R5D
APN
16157-0010
UPID
US63-3909379
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
$6.14M
Owner & transaction history
141 Ml LLC · 6 yrs held
141 Ml LLC
since 2019
7 recorded transactions
Zoning & alternative use
R5D · 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 Rockaway Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Park 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
$263 / 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
$102,515
Tax year 2024
Assessed value
$1,161,450
Assessed 2024
Previous assessed
$1,135,800
+2.3% YoY
Effective rate
8.83%
On assessed value
Assessed land
$735,300
Assessed improvement
$426,150
Land market value
$1,634,000
Improvement market value
$947,000
Total market value
$2,581,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
23,310 SF
Lot
1.07 ac (46,696 SF)
Zoning code
R5D
APN
16157-0010
UPID
US63-3909379
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Far Rockaway, NY
Zoning R5D · permitted uses
R5D · 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
1980
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
1.07 ac
Current owner
From public records · entity-resolved
141 Ml LLC
Entity
Mailing address
234 BCH 102ND ST, FAR ROCKAWAY, NY 11694
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2019
$11,250,000
141 Ml LLC
Catanese Alphonse JR
Deed
$7,875,000 · Signature Bank
Apr 23, 2019
—
Alphonse Catanese JR
—
Deed
related
$2,700,000 · Velocity Com'l Cap
Feb 1, 2017
—
Alphonse Catanese JR
—
Deed
related
$1,400,000 · Velocity Com'l Cap
Dec 2, 2016
—
Thomas Catanese
—
Deed
related
$1,300,000
Jun 4, 2014
—
Alphonse Catanese JR.
Chestnut Station INC
Quit Claim Deed
$850,000 · Natale Tursi
—
—
Alphonse Catanese JR
—
Loan Modification
related
$2,700,000 · Velocity Com'l Cap
—
—
Alphonse Catanese JR
—
Deed Of Trust
related
$1,400,000 · Velocity Com'l Cap
—
—
Thomas Catanese
—
Deed Of Trust
related
$1,300,000
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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