329 Beach 29th Street,Far Rockaway, NY 11691
Far Rockaway, NY 11691
Description
Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied. The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach. Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.Projected Gross Rent Roll: Unit 1 (Occupied): $3,600/monthUnit 2 (Vacant): Approx. $2,700/monthUnit 3 (Vacant): Approx. $2,700/monthUnit 4 (Vacant): Approx. $2,700/month Potential Gross Income: Approximately $11,700/month ($140,400/year).
Details
| MLS # | 1014339 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 76 |
| Listing Provided By | Royal Realty Group Inc | Hanan Sheleg |
Features
| SQ Feet | 2,187 |
|---|---|
| Garage | 240 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.09 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom |
Exterior
| Construction Materials | Aluminum Siding |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway |
Utilities
| Utilities | Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 145800 |
| Tax Annual Amount | 11678.88 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Far Rockaway |
| Zip Code | 11691 |
| School District | Epic High School North |
| Elementary School | Goldie Maple Academy |
| High School | Epic High School North |
| Listing VS Median (in 11691) | |
Price: $1,100,000 low | high Med: $739,000 sqft: 2,187 low | high Med: 1,968 $ / sqft: $503 low | high Med: $376 On site: 76 low | high Med: 920 | |
Market Activity 11691
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Far Rockaway |
| Zip Code | 11691 |
| School District | Epic High School North |
| Elementary School | Goldie Maple Academy |
| High School | Epic High School North |
| Listing VS Median (in 11691) | |
Price: $1,100,000 low | high Med: $739,000 sqft: 2,187 low | high Med: 1,968 $ / sqft: $503 low | high Med: $376 On site: 76 low | high Med: 920 | |
