Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    271 Bch 19th St Far Rockaway, NY 11691
    Back to Search
    Property profile & analytics

    271 Bch 19th St, Far Rockaway, NY 11691

    View on Map
    • Hospitals
    • 44,261 SF
    • 0.64 lot acres
    Off-Market
    Property ID
    US63-1718359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitals

    Property Details for 271 Bch 19th St

    Year built
    1930
    Lot size
    0.64 lot acres
    Zone code
    R4A
    Property type
    Hospitals
    APN
    15637-0050
    APU
    156370050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2022 — Episcopal Health Services INC — Deed · related $13.5M · Manufactures And Traders Trust Company
    — — Episcopal Health Services INC — Deed Of Trust · related $1.1M · Diocese Of Long Island
    — — Episcopal Health Services INC — Deed Of Trust · related $4M · Diocese Of Long Island
    — — Episcopal Health Services INC — Deed Of Trust · related $3.3M · Devry Medical Int'l INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $995,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Far Rockaway
    County
    Queens
    State
    New York
    Longitude
    -73.7536
    Latitude
    40.5973
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $669,150
    $4,481,550
    $5,150,700
    -
    $1,487,000
    $9,959,000
    $11,446,000

    Comparable in this City

    • Value Estimation
      $3,955,000
      119,788 SF

      1904 Plainview Ave

      HOSPITAL - PRIVATE
      1904 Plainview Ave, Far Rockaway, NY 11691
      View Details
    • Value Estimation
      $2,180,000
      128,000 SF

      5115 Bch Channel Dr

      HOSPITAL - PRIVATE
      5115 Bch Channel Dr, Far Rockaway, NY 11691-1042
      View Details
    • Value Estimation by Request
      31,915 SF

      1526 New Hvn Ave

      MEDICAL CLINIC
      1526 New Hvn Ave, Far Rockaway, NY 11691-5148
      View Details
    • Value Estimation by Request
      28,520 SF

      150 Bch 9th St

      MEDICAL CLINIC
      150 Bch 9th St, Far Rockaway, NY 11691-5609
      View Details
    • Value Estimation
      $700,000
      95,300 SF

      250 Bch 17th St

      HOMES (RETIRED, NURSING)
      250 Bch 17th St, Far Rockaway, NY 11691-4420
      View Details
    • Value Estimation
      $47,250,000
      49,021 SF

      2241 New Hvn Ave

      HOMES (RETIRED, NURSING)
      2241 New Hvn Ave, Far Rockaway, NY 11691-2538
      View Details

    Similar Nearby for Sale

    • $680,000

      Vacant Land in Bayswater

      Large lot in excellent location, ideal for user or investor.
      2713 Coldspring Rd, Far Rockaway, NY 11691
      View Details
    • $950,000
      0.08 Acres

      Far Rockaway Multifamily Opportunity

      Multifamily property for sale in Far Rockaway, Queens.
      10-26 Beach 22Nd St, Far Rockaway, NY 11691
      View Details
    • $719,000
      0.05 Acres

      Queens Two-Family Home For Sale

      Two-family home in Queens, suitable for living or investment.
      151 Beach 27Th St, Queens, NY 11691
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,634 SF

      Retail Space in Residential Tower

      Retail space available in high-traffic, dense residential area.
      10-18 Beach 20Th St, Queens, NY 11691
      View Details
    • Contact for pricing
      3,450 SF

      Retail Space in Residential Development

      Retail space available at the base of new residential development.
      50-15 Beach Channel Dr, Far Rockaway, NY 11691
      View Details
    • $12 SF/Yr

      Renovated Apartment in Far Rockaway

      Modern 3-bedroom apartment with in-unit laundry and parking.
      423 Beach 9Th St, Queens, NY 11691
      View Details
    • Contact for pricing
      37,200 SF

      Far Rockaway Retail Space Available

      37,200 SF retail space for lease in Far Rockaway.
      1400 Brunswick Ave, Far Rockaway, NY 11691
      View Details
    • Contact for pricing
      14,443 SF

      Retail Space Available For Rent

      Retail space available for lease in Far Rockaway, NY.
      1920 Cornaga Ave, Far Rockaway, NY 11691
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    271 Bch 19th St
    Far Rockaway, NY 11691
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    271 Bch 19th St, Far Rockaway, NY, 11691
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!