Financial
Distress signals
Property profile

235 Rockaway Ave Valley Stream, NY 11580

FOR LEASE
Banks
Property ID
US63-4017511
3,738 SF 0.1 ac lot Built 1926
Last sale Mar 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding office building constructed in 1926, set on a corner within Valley Stream’s business district. The structure measures 42 by 100 feet and is arranged with an entire main level, a lower level, a mezzanine, and a private office located on the second level. The interior layout includes a configuration that can be reviewed via a current floor plan for consideration of future office use. The property is located approximately one block north of Sunrise Highway and about one block from

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$81k
Tax billed · 2023
Assessed value$9k
Assessed land$826
Assessed improvement$8k
Effective rate953.56%

Value estimate

· Sep 2026
$370k
$333k – $407k
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$21k
Operating expenses−$24k
NOI · 515.86% cap applied$72k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$803/SF
County average, outlier-cleaned · 109 recorded sales of this use type
Observed band · Q1–Q3$378 – $1,467
Qualifying comparables4

Cap rate analysis

How does the asset earn?
515.86%
$72k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility9.4
Watch Repair Shop9.2
Florist8.7

Location

235 Rockaway Ave Valley Stream, NY 11580
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog · not on file

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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
39 Lincoln, Valley Stream, NY 11580 $3,100,000 Dec 2025 4,000 SF
101 Rockaway, Valley Stream, NY 11580-5834 $2,300,000 Feb 2024 4,336 SF
23-27 Merrick, Valley Stream, NY 11580 $1,265,000 Oct 2022 2,774 SF
360 Merrick Rd, Valley Stream, NY 11580-5344 $1,500,000 Aug 2022 5,675 SF
55-59 Rockaway, Valley Stream, NY 11580 $658,000 Mar 2022 3,500 SF
475 Merrick, Valley Stream, NY 11580-5202 $1,250,000 Jan 2022 3,300 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?”
More about this property
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