Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    353 Bch 49th St Far Rockaway, NY 11691
    Back to Search
    Property profile & analytics

    353 Bch 49th St, Far Rockaway, NY 11691

    View on Map
    • Assisted living facilities
    • 76,440 SF
    • 2.38 lot acres
    Off-Market
    Property ID
    US63-2318453
    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
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 353 Bch 49th St

    Year built
    1976
    Lot size
    2.38 lot acres
    Zone code
    R4
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    15840-0006
    APU
    158400006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2017 — Rommi Realty LLC — Deed · related $1M · Sterling National Bank
    Jun 8, 2017 — Rommi Realty LLC — Loan Modification, Consolidation And Extension · related $6.8M · Sterling Nat'l Bk
    Dec 4, 2009 $1,700,000 Rommi Realty LLC Temrock LLC Grant Deed $3M · Hudson Valley Bank
    Dec 4, 2009 — Rommi Realty LLC Rockaway Care Ctr Bldg Grant Deed $2.4M · Hudson Valley Bank
    — — Rommi Realty LLC — Deed Of Trust · related $2M · Us Small Busn Admn
    — — Melton Realty LLC — Deed Of Trust · related $1.7M · Hudson Valley Bank
    — — Rommi Realty LLC — Loan Modification · related $3M · Hudson Vly Bk
    — — Pmi Realty LLC — Deed Of Trust · related $3.2M · Hudson Valley Bank
    — — Pmi Realty LLC — Deed Of Trust · related $1.2M · Hudson Valley Bank
    — — Rommi Realty LLC — Deed Of Trust · related $4M · Hudson Valley Bank
    — — Rockaway Care Center Building — Deed Of Trust · related $77k · Hudson Valley Bank
    — — Rockaway Care Ctr Bldg Co — Deed Of Trust · related $2.4M · Hudson Valley Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $957,000
      Market price range: $493k - $1.53M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $900,000
      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
    -73.7794
    Latitude
    40.5946
    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
    $550,767
    $708,750
    $4,758,300
    $5,467,050
    -
    $1,575,000
    $10,574,000
    $12,149,000

    Comparable in this City

    • Value Estimation
      $710,000
      81,500 SF

      1410 Seagirt Blvd

      HOMES (RETIRED, NURSING)
      1410 Seagirt Blvd, Far Rockaway, NY 11691-4509
      View Details
    • Value Estimation by Request
      31,157 SF

      1311 Virginia St

      HOMES (RETIRED, NURSING)
      1311 Virginia St, Far Rockaway, NY 11691-4630
      View Details
    • Value Estimation by Request
      21,500 SF

      315 Bch 9th St

      HOMES (RETIRED, NURSING)
      315 Bch 9th St, Far Rockaway, NY 11691-5507
      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
    • Value Estimation
      $695,000
      65,874 SF

      1441 Gtwy Blvd

      HOMES (RETIRED, NURSING)
      1441 Gtwy Blvd, Far Rockaway, NY 11691-4316
      View Details

    Similar Nearby for Sale

    • $18,900,000

      Arverne Development Site Opportunity

      Large development site in emerging coastal neighborhood, Arverne, Queens.
      49-01 Beach Channel Dr, Arverne, NY 11691
      View Details
    • $749,000
      Pending

      Spacious Two-Family Home in Edgemere

      Two-family home in Edgemere with renovation potential near beaches.
      2718 Collier Ave, Edgemere, NY 11691
      View Details
    • $1,150,000
      0.11 Acres

      Luxury Beachfront Two-Family Townhouse

      Luxury two-family townhouse with ocean views and private beach access.
      161 5Th Ave, Far Rockaway, NY 11691
      View Details
    • Contact for pricing
      Pending

      Unimproved Land Parcel For Sale

      Unimproved land parcel in Far Rockaway's Edgemere section.
      5-26 Beach 44Th St, Queens, NY 11691
      View Details
    • $879,000
      Pending

      Expansive Two-Family Home, Queens

      Spacious two-family home in Far Rockaway with customization potential.
      13-58 Chandler St, Far Rockaway, NY 11691
      View Details
    • New
      $999,000
      2,880 SF

      Spacious Two-Family Home in Queens

      Semi-detached two-family home with income potential and convenient location.
      10-37 Bay 31St St, Queens, NY 11691
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,523 SF

      Retail Space in Downtown Far Rockaway

      Retail space for rent in a high-traffic Far Rockaway location.
      1047 Beach 21St St, Far Rockaway, NY 11691
      View Details
    • 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
    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.
    353 Bch 49th 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
    353 Bch 49th 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!