Property profile

500 Ocean Ave East Rockaway, NY 11518

OFF-MARKET
Manufacturing properties
Property ID
US63-2862933
22,760 SF 1.43 ac lot Built 1965
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,760 SF
Lot 1.43 ac (62,291 SF)
APN 38-497-00-0133
UPID US63-2862933

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Customs Broker
  • (Bike/Boat/Book/etc) Store
  • Logistics Company Freight Service
  • Auto Parts Store
  • (Bike/Boat/Book/etc) Store

Location

500 Ocean Ave East Rockaway, NY 11518-1238
East Rockaway metro Census 412100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.01M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.03M

Owner & transaction history

since 2014
1 recorded transaction
2014
$2.7M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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