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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Assisted living facilities
353 Bch 49th St Far Rockaway, NY 11691
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-2318453
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1976
Total area
76,440 SF
Lot
2.38 ac (103,673 SF)
Zoning code
R4
APN
15840-0006
UPID
US63-2318453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$755k
Owner & transaction history
Rommi Realty LLC · 16 yrs held
Rommi Realty LLC
since 2009
7 recorded transactions
Zoning & alternative use
R4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$900,000
Current use
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$10 / 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
$550,767
Tax year 2024
Assessed value
$5,467,050
Assessed 2024
Previous assessed
$5,172,300
+5.7% YoY
Effective rate
10.07%
On assessed value
Assessed land
$708,750
Assessed improvement
$4,758,300
Land market value
$1,575,000
Improvement market value
$10,574,000
Total market value
$12,149,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
1
Stories
6
Units
1
Total area
76,440 SF
Lot
2.38 ac (103,673 SF)
Zoning code
R4
APN
15840-0006
UPID
US63-2318453
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Far Rockaway, NY
Zoning R4 · permitted uses
R4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$900,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
6
Buildings
1
Units
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Rommi Realty LLC
Entity
Mailing address
353 BCH 49TH ST, FAR ROCKAWAY, NY 11691
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2017
—
Rommi Realty LLC
—
Deed
related
$1,000,000 · Sterling National Bank
Jun 8, 2017
—
Rommi Realty LLC
—
Loan Modification, Consolidation And Extension
related
$6,800,000 · Sterling Nat'l Bk
Dec 4, 2009
$1,700,000
Rommi Realty LLC
Temrock LLC
Grant Deed
$3,000,000 · Hudson Valley Bank
Dec 4, 2009
—
Rommi Realty LLC
Rockaway Care Ctr Bldg
Grant Deed
$2,438,883 · Hudson Valley Bank
—
—
Rommi Realty LLC
—
Deed Of Trust
related
$2,000,000 · Us Small Busn Admn
—
—
Melton Realty LLC
—
Deed Of Trust
related
$1,700,000 · Hudson Valley Bank
—
—
Rommi Realty LLC
—
Loan Modification
related
$3,012,511 · Hudson Vly Bk
—
—
Pmi Realty LLC
—
Deed Of Trust
related
$3,200,000 · Hudson Valley Bank
—
—
Pmi Realty LLC
—
Deed Of Trust
related
$1,200,000 · Hudson Valley Bank
—
—
Rommi Realty LLC
—
Deed Of Trust
related
$4,010,365 · Hudson Valley Bank
—
—
Rockaway Care Center Building
—
Deed Of Trust
related
$76,978 · Hudson Valley Bank
—
—
Rockaway Care Ctr Bldg Co
—
Deed Of Trust
related
$2,438,883 · Hudson Valley 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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