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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Warehouses
350 Bch 79th St, Rockaway Beach, NY 11693-2067
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1274071
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Total area
34,740 SF
Lot
1.13 ac (49,092 SF)
Zoning code
M1-2
APN
16100-0014
UPID
US63-1274071
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
-
Excel Conveyor Industrial Manufacturer Production Facility
-
U.C. Workroom Inc. General Contractor Carpet & Flooring Store
-
I & I Euro Distribution Big Box & Wholesale Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.27M
Owner & transaction history
Rockaway Real Equity LLC · 3 yrs held
Rockaway Real Equity LLC
since 2023
7 recorded transactions
Zoning & alternative use
M1-2 · Rockaway Beach, 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 Rockaway Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±10%
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
$65 / 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
$83,441
Tax year 2024
Assessed value
$958,950
Assessed 2024
Previous assessed
$720,630
+33.1% YoY
Effective rate
8.70%
On assessed value
Assessed land
$297,900
Assessed improvement
$661,050
Land market value
$662,000
Improvement market value
$1,469,000
Total market value
$2,131,000
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
34,740 SF
Lot
1.13 ac (49,092 SF)
Zoning code
M1-2
APN
16100-0014
UPID
US63-1274071
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Rockaway Beach, NY
Zoning M1-2 · permitted uses
M1-2 · Rockaway Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Rockaway Real Equity LLC
Entity
Mailing address
90 STATE ST, ALBANY, NY 12207-1704
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Trevian Capital Reit LLC
—
Deed
related
—
Feb 5, 2024
—
Rockaway Real Equity LLC
—
Deed
related
$1,164,932 · Trevian Capital Reit LLC
Mar 30, 2023
—
Rockaway Real Equity LLC
79 Arverne Development, LLC
Deed
—
Jan 18, 2018
$5,150,000
79 Arverne Development LLC
Beach 79th Street Associates LLC
Deed
$500,000 · M & T Bank
Jan 18, 2018
—
Beach 79th Street Assocs LLC
—
Grant Deed
related
$1,610,095 · Sterling Nat'l Bk
Dec 12, 2016
—
Beach 79th Associates LLC
—
Deed
related
$4,250,000 · Sterling Nat'l Bk
Feb 19, 2013
—
147 Springfield Associates LLC
—
Grant Deed
related
$4,500,000 · Bank Of America
—
—
444 Bayview Associates LLC
—
Deed Of Trust
related
$243,004 · Bank Of America
—
—
444 Bayview Associates LLC
—
Deed Of Trust
related
$395,000 · Sterling Nat'l Bk
—
—
Beach 79th Associates LLC
—
Loan Modification, Consolidation And Extension
related
$4,250,000 · Sterling Nat'l Bk
—
—
79 Arverne Dev LLC
—
Loan Modification
related
$2,500,000 · M&t Bk
—
—
444 Bayview Associates LLC
—
Loan Modification
related
$2,639,904 · Sterling Nat'l Bk
—
—
Beach 79th Street Assocs LLC
—
Deed Of Trust
related
$974,504 · Signature Bank
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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