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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Industrial properties
6408 Bch Channel Dr, Far Rockaway, NY 11692-1413
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0908812
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1930
Total area
6,810 SF
Lot
0.17 ac (7,618 SF)
Zoning code
R5D
APN
16038-0070
UPID
US63-0908812
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
$2.34M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.39M
Owner & transaction history
Nurun Realty LLC · 3 yrs held
Nurun Realty LLC
since 2023
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
R5D · Far Rockaway, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.7M
+37.3%
Retail stores
$3.1M
+13.5%
Warehouse, storage
$2.8M
+1.7%
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
$2,355,000
ML approach
$2,340,000
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,715,000
Current use
OFFICE BUILDING
$3,725,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$3,080,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,760,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.56M (Jan 11 2023)
Last sale anchor
$2.56M
Jan 11 2023
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
$351 / 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
$27,435
Tax year 2024
Assessed value
$276,750
Assessed 2024
Previous assessed
$251,280
+10.1% YoY
Effective rate
9.91%
On assessed value
Assessed land
$92,700
Assessed improvement
$184,050
Land market value
$206,000
Improvement market value
$409,000
Total market value
$615,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
6,810 SF
Lot
0.17 ac (7,618 SF)
Zoning code
R5D
APN
16038-0070
UPID
US63-0908812
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Far Rockaway, NY
Zoning R5D · permitted uses
R5D · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1930
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Nurun Realty LLC
Entity
Mailing address
8127 LIBERTY AVE, OZONE PARK, NY 11417-1220
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
$2,555,000
Nurun Realty LLC
6404 Beach Channel LLC
Deed
$860,000 · Hanmi Bank
Dec 6, 2019
—
6404 Beach Channel LLC
Mohammed Sherhan
Trustees Deed
related
$1,190,000 · Jovia Fin'l FCU
Oct 19, 2018
—
Mohammed Sherhan
Tarik Holding Corp
Quit Claim Deed
related
—
Jan 27, 2010
$589,446
Tarik Holding Corp
Gianturco,diana
Grant Deed
—
Jun 2, 2005
$799,000
Beach Channel 64 LLC
Alkaifi,abdo H
Grant Deed
$450,000 · Abdo H Alkaifi
Mar 25, 1996
$781,818
Abdo H Alkaifi
Freedberg,barry
Grant Deed
$165,000 · Seller
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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