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Property profile & analytics
OFF-MARKET
Estimated value
$64,900,000
Apartment buildings
711 Seagirt Ave, Far Rockaway, NY 11691-5738
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-6155737
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
744,719 SF
Lot
4.63 ac (201,813 SF)
Zoning code
R6
APN
15610-0001
UPID
US63-6155737
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
Current use
Occupant on record · Public records
-
JASA Roy Reuther Community Center
-
Ocean Point Apartment Building
-
Sand Castle Food Mart Inc Grocery & Convenience Store Food Market
-
SANDCASTLE PHARMACY & SURGICAL SUPPLY INC Pharmacy
-
Yolly Place Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$64.90M
Owner & transaction history
Hp Sea Girt Housing Dev Fund Compan · 8 yrs held
Hp Sea Girt Housing Dev Fund Compan
since 2017
7 recorded transactions
Zoning & alternative use
R6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$87 / 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
Assessed value
$21,405,150
Assessed 2024
Previous assessed
$21,283,650
+0.6% YoY
Assessed land
$3,495,150
Assessed improvement
$17,910,000
Land market value
$7,767,000
Improvement market value
$39,800,000
Total market value
$47,567,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
2
Stories
25
Units
917
Total area
744,719 SF
Lot
4.63 ac (201,813 SF)
Zoning code
R6
APN
15610-0001
UPID
US63-6155737
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Far Rockaway, NY
Zoning R6 · permitted uses
R6 · 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.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
25
Buildings
2
Units
917
Lot
4.63 ac
Current owner
From public records · entity-resolved
Hp Sea Girt Housing Dev Fund Compan
Entity
Mailing address
253 W 35TH ST FL #3, NEW YORK, NY 10001-1913
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
711 Seagirt Ave Hldgs LLC
—
Grant Deed
related
$120,780,000 · Berkadia Com'l Mtg
Nov 28, 2017
$135,000,000
Hp Sea Girt Housing Dev Fund Compan
Sandcastle Towers Housing Dev Fund
Deed
$97,500,000 · Signature Bank
Oct 17, 2017
—
Sarasota Gold LLC
—
Deed
related
$72,731,028 · Arbor Com'l Fndg I LLC
Aug 31, 2013
—
Sarasota Gold LLC
Sarasota Gold LLC
Quit Claim Deed
$5,310,000 · Housing Development Corp
Sep 14, 2010
—
Sarasota Gold LLC
—
Deed Of Trust
related
$83,100,000 · Arbor Commercial Funding LLC
Oct 5, 2006
$98,000,000
Sarasota Gold LLC
Seagirt Management Co LLC
Grant Deed
$58,700,000 · New York Community Bank
Jan 18, 2006
—
Seagirt Management Co LLC
Seagirt Housing Company INC
Quit Claim Deed
related
$17,000,000 · New York Community Bank
—
—
Sarasota Gold LLC
—
Deed Of Trust
related
$2,919,642 · New York Community Bank
—
—
Sarasota Gold LLC
—
Deed Of Trust
related
$4,900,000 · New York Community Bank
—
—
Sarasota Gold LLC
—
Loan Modification
related
$72,731,028 · Arbor Com'l Fndg I LLC
—
—
Gtp Towers I LLC
—
Deed Of Trust
related
$1 · Bank Of Ny Mellon
—
—
Sarasota Gold LLC
—
Deed Of Trust
related
$278,597 · Arbor Commercial Funding LLC
—
—
Gtp Towers I LLC
—
Deed Of Trust
related
$338,451 · Bank Of Ny Mellon
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.
Try Rey
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