Realmo Analytics

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Financial
Distress signals
Property profile

21-20 Cornaga Ave Far Rockaway, NY 11691

FOR SALE
Investment properties
Property ID
US63-4030146
3,840 SF 0.04 ac lot Built 1930
Last sale Oct 2006 · $128,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$35k
Assessed land$11k
Assessed improvement$24k
Effective rate13.37%

Value estimate

· Oct 2026
$225k
$203k – $248k
NOI build-up
Gross scheduled income$191k
Vacancy & credit loss−$7k
Operating expenses−$83k
NOI · 7.78% cap applied$101k

Realmo valuation models over county records and 56 qualifying comparable sales.

Recently sold

What actually traded nearby?
$280/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$181 – $399
Qualifying comparables56

Cap rate analysis

How does the asset earn?
7.78%
$101k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R5
This district is designed to permits moderate density residential neighborhoods with a mix of housing types except zero lot line buildings
General categoryRESIDENTIAL
JurisdictionQUEENS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm40.4
Realty agency40.3
Skin Care Clinic15.7

Location

21-20 Cornaga Ave Far Rockaway, NY 11691
County assessor Recorded deeds · 3 transfers 56 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
216 Bch 20th, Far Rockaway, NY 11691-3618 $875,000 Feb 2026 2,430 SF
722 Bch 9th, Far Rockaway, NY 11691-5211 $1,850,000 Aug 2023 3,169 SF
694 Bch 20th, Far Rockaway, NY 11691-3502 $3,750,000 Jan 2023 4,275 SF
1050 Bch 21st, Far Rockaway, NY 11691-3305 $760,000 Aug 2022 3,000 SF
2124 Fernside, Far Rockaway, NY 11691 $625,000 Jul 2021 3,168 SF
1302 Sage, Far Rockaway, NY 11691-4629 $900,000 Mar 2020 3,632 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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