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Property profile & analytics
OFF-MARKET
Super regional malls
3211 Bch Channel Dr Far Rockaway, NY 11691-1502
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-2642885
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1963
Total area
28,025 SF
Lot
1.97 ac (85,813 SF)
Zoning code
R6A
APN
15747-0001
UPID
US63-2642885
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
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
32-11 Channel Realty LLC · 13 yrs held
32-11 Channel Realty LLC
since 2012
7 recorded transactions
Zoning & alternative use
R6A · 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$193,135
Tax year 2024
Assessed value
$1,823,400
Assessed 2024
Previous assessed
$1,752,300
+4.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,411,200
Assessed improvement
$412,200
Land market value
$3,136,000
Improvement market value
$916,000
Total market value
$4,052,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1963
Heating
NONE
Buildings
1
Stories
1
Units
10
Total area
28,025 SF
Lot
1.97 ac (85,813 SF)
Zoning code
R6A
APN
15747-0001
UPID
US63-2642885
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Far Rockaway, NY
Zoning R6A · permitted uses
R6A · 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
1963
Heating
NONE
Stories
1
Buildings
1
Units
10
Lot
1.97 ac
Current owner
From public records · entity-resolved
32-11 Channel Realty LLC
Entity
Mailing address
11006 69TH RD, FOREST HILLS, NY 11375-3920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2012
$5,500,000
32-11 Channel Realty LLC
Beach Channel Shoppers Mart Co
Grant Deed
$5,000,000 · Newbank
Nov 13, 2008
$429,000
Beach Channel Shoppers Mart Co
Channel 43 LLC
Grant Deed
$499,000 · Galster Funding LLC
Jul 31, 2008
—
Channel 43 LLC
Mindy Guzzone
Intrafamily Transfer
related
$481,500 · The Dime Savings Bank Williamsburgh
Feb 7, 2008
$1,600,000
Mindy Guzzone
Beach Channel Shopeprs Mart
Grant Deed
—
—
—
Beach Channel Shoppers Mart Co
—
Deed Of Trust
related
$2,500,000 · Dime Savings Bank Williamsburg
—
—
Beach Channel Shoppers Mart Co
—
Deed Of Trust
related
$550,000 · Galster Funding LLC
—
—
32-11 Channel Realty LLC
—
Loan Modification, Consolidation And Extension
related
$6,500,000 · Astoria Bk
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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