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Property profile & analytics
OFF-MARKET
Estimated value
$38,705,000
Apartment buildings
2210 New Hvn Ave, Far Rockaway, NY 11691-2532
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2597423
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
180,300 SF
Lot
1.12 ac (48,700 SF)
Zoning code
R5
APN
15752-0001
UPID
US63-2597423
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
Current use
Occupant on record · Public records
-
NHT Owners Co Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.29M
Blend (final)
Blend
$38.71M
Owner & transaction history
Edgemere Aa LLC · 4 yrs held
Edgemere Aa LLC
since 2022
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
R5 · Far Rockaway, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$50.5M
+56.6%
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
Method
Estimation
Statistic approach
$37,535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$32,230,000
Current use
COMMERCIAL (GENERAL)
$50,460,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$38.71M
Range $34.83M – $42.58M · ±10% · vs last sale $45.00M (Apr 25 2022)
Last sale anchor
$45.00M
Apr 25 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / 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
$701,066
Tax year 2024
Assessed value
$5,742,000
Assessed 2024
Previous assessed
$5,397,570
+6.4% YoY
Effective rate
12.21%
On assessed value
Assessed land
$876,150
Assessed improvement
$4,865,850
Land market value
$1,947,000
Improvement market value
$10,813,000
Total market value
$12,760,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
6
Units
153
Total area
180,300 SF
Lot
1.12 ac (48,700 SF)
Zoning code
R5
APN
15752-0001
UPID
US63-2597423
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Far Rockaway, NY
Zoning R5 · permitted uses
R5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$32.2M
COMMERCIAL (GENERAL)
Est. value
$50.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
6
Buildings
1
Units
153
Lot
1.12 ac
Current owner
From public records · entity-resolved
Edgemere Aa LLC
Entity
Mailing address
1044 NORTHERN BLVD FL #2, ROSLYN, NY 11576-1588
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
Jan 6, 2023
—
New Haven Rockaway LLC
—
Deed
related
$39,279,000 · Merchants Capital Corp.
Apr 25, 2022
$45,000,000
Edgemere Aa LLC
Nht Owners, LLC
Deed
$26,000,000 · Merchants Bank Of Indiana
Apr 25, 2022
—
Edgemere Aa LLC
Edgemere Aa LLC
Deed
related
—
Feb 3, 2020
—
Nht Owners LLC
—
Deed
related
$3,256,513 · Capital One NA
—
—
Nht Owners LLC
—
Deed Of Trust
related
$3,037,984 · New York Community Bank
—
—
Nht Owners LLC
—
Loan Modification
related
$14,000,000 · Capital One NA
—
—
Nht Owners LLC
—
Loan Modification
related
$12,500,000 · New York Community Bank
—
—
Nht Owners LLC
—
Deed Of Trust
related
$4,052,637 · New York Community Bank
—
—
New York Cmnty Bk
—
Deed Of Trust
related
$8,500,000 · Nht Owners LLC
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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