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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Retail residential properties
9720 Rockaway Bch Blvd, Rockaway Beach, NY 11693-1313
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1294734
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Total area
6,520 SF
Lot
0.16 ac (6,955 SF)
Zoning code
R5B
APN
16153-0001
UPID
US63-1294734
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
-
High Tide Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.78M
Owner & transaction history
B98th Rockaway Beach LLC · 3 yrs held
B98th Rockaway Beach LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
R5B · Rockaway Beach, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+95.4%
Retail stores
$3.0M
+61.6%
Warehouse, storage
$2.6M
+44.8%
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
$2,735,000
ML approach
$2,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,825,000
Current use
OFFICE BUILDING
$3,565,000
Change: +95% · Conversion: Easy
RETAIL STORES
$2,950,000
Change: +62% · Conversion: Easy
WAREHOUSE, STORAGE
$2,645,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,600,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $3.18M (Sep 12 2022)
Last sale anchor
$3.18M
Sep 12 2022
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
$426 / 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
$29,232
Tax year 2024
Assessed value
$241,200
Assessed 2024
Previous assessed
$226,611
+6.4% YoY
Effective rate
12.12%
On assessed value
Assessed land
$40,950
Assessed improvement
$200,250
Land market value
$91,000
Improvement market value
$445,000
Total market value
$536,000
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
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
2
Stories
2
Units
15
Total area
6,520 SF
Lot
0.16 ac (6,955 SF)
Zoning code
R5B
APN
16153-0001
UPID
US63-1294734
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5B · Rockaway Beach, NY
Zoning R5B · permitted uses
R5B · Rockaway Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2
Buildings
2
Units
15
Lot
0.16 ac
Current owner
From public records · entity-resolved
B98th Rockaway Beach LLC
Entity
Mailing address
208 BCH 98TH ST BLVD, ROCKAWAY BEACH, NY 11693
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$3,180,000
B98th Rockaway Beach LLC
9720 Rbb LLC
Deed
$2,000,000 · Amerasia Bank
Nov 13, 2017
$2,315,000
9720 Rbb LLC
Rockalltheway LLC
Grant Deed
—
Nov 13, 2017
—
9720 Rbb LLC
—
Deed
related
$1,500,000 · Flushing Bk
Sep 28, 2012
$1,339,325
Rockalltheway LLC
Rockaway R/e Holding Co LLC
Grant Deed
$845,000 · Signature Bank
Oct 5, 2006
—
Rockaway Real Est Hldng Co LLC
Cholakis,andrew P
Grant Deed
related
—
—
—
Rockalltheway LLC
—
Loan Modification, Consolidation And Extension
related
$1,900,000 · Signature Bk
—
—
Rockalltheway LLC
—
Loan Modification
related
$1,100,000 · Signature Bank
—
—
Rockall Theway LLC
—
Deed Of Trust
related
$275,478 · Signature Bank
—
—
Rockaway R/e Holding Co LLC
—
Deed Of Trust
related
$35,000 · Sebastian & Danielle Mossa
—
—
Rockaway R/e Holding Co LLC
—
Deed Of Trust
related
$100,000 · Sebastian Mossa
—
—
Rockaway R/e Holding Co LLC
—
Deed Of Trust
related
$80,000 · Sebastian & Danielle Mossa
—
—
9720 Rbb LLC
—
Loan Modification
related
$1,500,000 · Flushing Bk
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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