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Property profile & analytics
FOR SALE
Manufacturing properties
97-01 Beach Channel Dr, Rockaway Beach, NY 11694
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-2283737
For Sale
1 / 2
$8,900,000
97-01 Beach Channel Dr, Rockaway Beach, NY 11694
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
43,800 SF
Lot
1.03 ac (44,954 SF)
Zoning code
C8-1
APN
16153-0028
UPID
US63-2283737
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
$8.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.90M
Owner & transaction history
Sa Beach Channel Drive LLC · 2 yrs held
Sa Beach Channel Drive LLC
since 2023
Last sale
$9.4M
6 recorded transactions
Zoning & alternative use
C8-1 · 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 Rockaway Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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
Method
Estimation
Statistic approach
$8,615,000
ML approach
$8,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.90M
Range $8.01M – $9.79M · ±10% · vs last sale $9.35M (Sep 18 2023)
Last sale anchor
$9.35M
Sep 18 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
$203 / 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
$163,793
Tax year 2024
Assessed value
$1,804,950
Assessed 2024
Previous assessed
$1,491,930
+21.0% YoY
Effective rate
9.07%
On assessed value
Assessed land
$911,250
Assessed improvement
$893,700
Land market value
$2,025,000
Improvement market value
$1,986,000
Total market value
$4,011,000
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1986
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
43,800 SF
Lot
1.03 ac (44,954 SF)
Zoning code
C8-1
APN
16153-0028
UPID
US63-2283737
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Far Rockaway, NY
Zoning C8-1 · permitted uses
C8-1 · 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
1986
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Sa Beach Channel Drive LLC
Entity
Mailing address
42 W 39TH ST FL #6, NEW YORK, NY 10018-2091
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
Sep 18, 2023
$9,350,000
Sa Beach Channel Drive LLC
97-25 Beach Channel LLC
Deed
$7,012,500 · Bankunited, N.a.
Nov 10, 2022
$7,200,000
97-25 Beach Channel LLC
Macho LLC
Deed
—
Nov 8, 2010
—
Macho LLC
New York City Indl Dev Agency
Grant Deed
related
—
—
—
Gerber Fin INC
—
Loan Modification
related
—
—
—
Macho LLC
—
Loan Modification
related
$20,524,100 · Us Small Busn Admn
—
—
Macho LLC
—
Deed Of Trust
related
$12,901,700 · Us Small Busn Admn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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