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Property profile & analytics
FOR SALE
Retail residential properties
98-18 Rockaway Beach Blvd, Rockaway Park, NY 11694
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1903208
For Sale
1 / 2
$2,975,000
98-18 Rockaway Beach Blvd, Rockaway Park, NY 11694
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Total area
9,800 SF
Lot
0.14 ac (5,902 SF)
Zoning code
R4-1
APN
16154-0101
UPID
US63-1903208
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
-
Rinse Cycle Corporation (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Marc Resnick Trustee · 4 yrs held
Marc Resnick Trustee
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
R4-1 · Rockaway Park, 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 Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Park 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
$2,075,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
$2,100,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,745,000
Current use
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.41M (Apr 22 2022)
Last sale anchor
$2.41M
Apr 22 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
$224 / 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
$90,082
Tax year 2024
Assessed value
$820,800
Assessed 2024
Previous assessed
$691,380
+18.7% YoY
Effective rate
10.97%
On assessed value
Assessed land
$66,600
Assessed improvement
$754,200
Land market value
$148,000
Improvement market value
$1,676,000
Total market value
$1,824,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1930
Heating
NONE
Buildings
1
Stories
3
Units
12
Total area
9,800 SF
Lot
0.14 ac (5,902 SF)
Zoning code
R4-1
APN
16154-0101
UPID
US63-1903208
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Rockaway Park, NY
Zoning R4-1 · permitted uses
R4-1 · Rockaway Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
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
3
Buildings
1
Units
12
Lot
0.14 ac
Current owner
From public records · entity-resolved
Marc Resnick Trustee
Trust
Mailing address
100 FELTON ST #201, WALTHAM, MA 02453-4149
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$2,412,000
Marc Resnick Trustee
Rf Realty Holding, LLC
Deed
$686,087 · Harborone Bank
Mar 30, 2018
—
Rf Realty Holding LLC
—
Deed
related
$281,535 · Dime Cmnty Bk
Feb 12, 2014
$800,000
Rf Realty Holding LLC
98-18 Rockaway Beach Blvd LLC
Deed
$1,000,000 · Peoples United Bank
—
—
Rf Realty Holding LLC
—
Deed Of Trust
related
$281,535 · Dime Cmnty Bk
—
—
Rf Realty Holding LLC
—
Loan Modification
related
$1,200,000 · Dime Cmnty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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