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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
High-rise multifamily apartments
61-71 Boardwalk Long Beach, NY 11561
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1309832
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Total area
7,178 SF
Lot
0.32 ac (14,113 SF)
APN
59-089-00-0104
UPID
US63-1309832
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
50 Broadway Assets LLC · 9 yrs held
50 Broadway Assets LLC
since 2017
7 recorded transactions
Zoning & alternative use
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 Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$348 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$48,446
Tax year 2023
Assessed value
$17,225
Assessed 2023
Previous assessed
$8,656
+99.0% YoY
Effective rate
281.25%
On assessed value
Assessed land
$8,554
Assessed improvement
$8,671
Total market value
$1,722,500
Applied tax rate
996.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2020
Heating
NONE
Total area
7,178 SF
Lot
0.32 ac (14,113 SF)
APN
59-089-00-0104
UPID
US63-1309832
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
50 Broadway Assets LLC
Entity
Mailing address
100 W PARK AVE STE #306, LONG BEACH, NY 11561-3302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 27, 2024
—
White Sands LLC
—
Deed
related
$1,000,000 · Bbcn Bank
Jan 30, 2020
—
50 W Broadway Dev LLC
—
Deed Of Trust
related
$7,500,000 · Bank Of Hope
Jul 27, 2017
$3,075,000
50 Broadway Assets LLC
Bk At Long Beach LLC
Grant Deed
—
Sep 16, 2011
—
Bk At Long Beach LLC
—
Deed Of Trust
related
$1,270,000 · Signature Bank
Jun 1, 2011
$4,613,240
Bk At Long Beach LLC
Referee Of Nassau Couty
Trustees Deed
related
—
Aug 30, 2005
—
1904 Ventures LLC
Long Beach Tango LLC
Grant Deed
related
—
Apr 9, 2004
—
Long Beach Tango LLC
Gumowitz,arnold & Anne
Grant Deed
related
—
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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