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    Howard Beach, NY Lawrence, NY Cedarhurst, NY
    Far Rockaway Multifamily Investment Opportunity
    Updated: Mar 27
    Far Rockaway Multifamily Investment Opportunity

    2-23 Beach 101st St, Far Rockaway, NY 11694

    $7,750,000
    25,000 sqft
    Turnkey multifamily property with over 8% CAP, providing immediate and stable cash flow
    Modern construction (built in 2012) minimizing near‑term capital expenditures
    Fully occupied 32‑unit brick building
    Excellent location near public transportation (A & S trains, multiple bus lines) providing easy access to Queens, Brooklyn, and Manhattan
    On‑site parking, a valuable amenity for residents
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    This listing looks promising.

    Here's a quick look at some key insights for

    2-23 Beach 101st St, Far Rockaway, NY 11694

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $611K
      Annual

    • Mortgage

      $142K
      Recorded

    • Last Sold

      Sep 2022
      $5.85M

    • Property Type

      Apartment House
      Built 2012
    View Property Analytics
    Updated Multifamily Home with Basement
    Updated: May 20
    Updated Multifamily Home with Basement

    45 James St, Inwood, NY 11096

    $1,300,000
    Updated 10 bedroom, 4 bathroom, 3 family home
    Large finished basement with separate outside entrance
    Private backyard and driveway
    Very walkable location (Walk Score of 85)
    Close to transportation (LIRR, busing)
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    Updated Condo Near the Ocean
    Updated Condo Near the Ocean

    Rockaway Park, NY 11694

    $642,500

    Updated 2-bedroom condo with garage near the beach.

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    Mixed-Use Building in Rockaway Park
    Mixed-Use Building in Rockaway Park

    98-18 Rockaway Beach Blvd, Rockaway Park, NY

    $2,975,000
    9,800 sqft · 0.14 AC lot

    9,800 SF mixed-use building with retail and residential space.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Far Rockaway, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Top Floor Corner Unit Apartment
    Top Floor Corner Unit Apartment

    141 Woodmere Blvd 6E, Woodmere, NY 11598

    $315,000

    Spacious, light-filled apartment near LIRR with updated features.

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    Woodmere Apartment with Natural Light
    Woodmere Apartment with Natural Light

    141 Wyckoff Pl 2E, Woodmere, NY 11598

    $399,000
    0.85 AC lot

    Well-kept 2BR/2Bath apartment in pet-friendly Woodmere elevator building.

    View details
    Beach 138th Street Apartment
    Beach 138th Street Apartment

    525 Beach 138th St A2, Queens, NY 11694

    $230,000

    Apartment building for sale in Queens, NY.

    View details
    Beach 121st Street Apartment Building
    Beach 121st Street Apartment Building

    144 Beach 121st St 2A, Queens, NY 11694

    $320,000

    Apartment building located at Beach 121st St, Queens, NY.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Far Rockaway, NY

    Consider similar Off-Market properties in Far Rockaway, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    318 Bch 66th St
    APARTMENT HOUSE (5+ UNITS)

    318 Bch 66th St, Far Rockaway, NY 11692-1453

    $725,000
    Estimated value
    3,942 sqft · 0.09 AC lot
    View details
    2815 Deerfield Rd
    APARTMENT HOUSE (5+ UNITS)

    2815 Deerfield Rd, Far Rockaway, NY 11691-2119

    Value Estimation by Request
    3,584 sqft · 0.15 AC lot
    View details
    121 Bch 26th St
    APARTMENT HOUSE (5+ UNITS)

    121 Bch 26th St, Far Rockaway, NY 11691-2205

    $965,000
    Estimated value
    2,376 sqft · 0.22 AC lot
    View details
    183 Bch 108th St
    GARDEN APT, COURT APT (5+ UNITS)

    183 Bch 108th St, Far Rockaway, NY 11694-2541

    Value Estimation by Request
    1,800 sqft · 0.09 AC lot
    View details
    9910 Rockaway Bch Blvd
    GARDEN APT, COURT APT (5+ UNITS)

    9910 Rockaway Bch Blvd, Far Rockaway, NY 11694

    $1,030,000
    Estimated value
    5,580 sqft · 0.14 AC lot
    View details
    11703 Newport Ave
    APARTMENT HOUSE (5+ UNITS)

    11703 Newport Ave, Far Rockaway, NY 11694-2013

    $1,325,000
    Estimated value
    3,375 sqft · 0.14 AC lot
    View details
    512 Bch 130th St
    APARTMENT HOUSE (5+ UNITS)

    512 Bch 130th St, Far Rockaway, NY 11694-1531

    $760,000
    Estimated value
    3,864 sqft · 0.14 AC lot
    View details
    171 Bch 109th St
    GARDEN APT, COURT APT (5+ UNITS)

    171 Bch 109th St, Far Rockaway, NY 11694-2554

    Value Estimation by Request
    1,488 sqft · 0.11 AC lot
    View details
    166 Bch 123rd St
    APARTMENT HOUSE (5+ UNITS)

    166 Bch 123rd St, Far Rockaway, NY 11694-3228

    Value Estimation by Request
    3,927 sqft · 0.14 AC lot
    View details
    333 Bch 67th St
    APARTMENT HOUSE (5+ UNITS)

    333 Bch 67th St, Far Rockaway, NY 11692-1449

    $655,000
    Estimated value
    17,662 sqft · 0.22 AC lot
    View details
    326 Bch 84th St
    APARTMENT HOUSE (5+ UNITS)

    326 Bch 84th St, Rockaway Beach, NY 11693-1433

    $700,000
    Estimated value
    5,400 sqft · 0.13 AC lot
    View details
    189 Bch 112th St
    APARTMENT HOUSE (5+ UNITS)

    189 Bch 112th St, Far Rockaway, NY 11694-2435

    Value Estimation by Request
    2,160 sqft · 0.07 AC lot
    View details
    10003 Rockaway Bch Blvd
    GARDEN APT, COURT APT (5+ UNITS)

    10003 Rockaway Bch Blvd, Rockaway Park, NY 11694

    Value Estimation by Request
    5,600 sqft · 0.30 AC lot
    View details
    163 Bch 109th St
    GARDEN APT, COURT APT (5+ UNITS)

    163 Bch 109th St, Far Rockaway, NY 11694-2502

    $710,000
    Estimated value
    3,750 sqft · 0.18 AC lot
    View details
    347 Mott Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    347 Mott Ave, Inwood, NY 11096

    $1,235,000
    Estimated value
    1,953 sqft · 0.11 AC lot
    View details
    157 Bch 109th St
    APARTMENT HOUSE (5+ UNITS)

    157 Bch 109th St, Far Rockaway, NY 11694-2547

    Value Estimation by Request
    2,008 sqft · 0.09 AC lot
    View details
    3107 Healy Ave
    APARTMENT HOUSE (5+ UNITS)

    3107 Healy Ave, Far Rockaway, NY 11691-1839

    $3,905,000
    Estimated value
    43,500 sqft · 1.61 AC lot
    View details
    2903 Bessemund Ave
    GARDEN APT, COURT APT (5+ UNITS)

    2903 Bessemund Ave, Far Rockaway, NY 11691-1817

    $5,560,000
    Estimated value
    55,218 sqft · 1.87 AC lot
    View details
    173rd Bch 110th St
    APARTMENT HOUSE (5+ UNITS)

    173rd Bch 110th St, Far Rockaway, NY 11694-2504

    Value Estimation by Request
    2,196 sqft · 0.09 AC lot
    View details
    188 Bch 123rd St
    APARTMENT HOUSE (5+ UNITS)

    188 Bch 123rd St, Far Rockaway, NY 11694-1838

    Value Estimation by Request
    3,040 sqft · 0.14 AC lot
    View details

    Far Rockaway, NY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Far Rockaway, NY, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 34,800 square feet of properties for sale, with an estimated market value of $10,725,000.

    Sale prices for two-family homes in Far Rockaway, NY start at $2,975,000, averaging $5,362,500, and reaching up to $7,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 140K
    Population Growth (5Y) +8.4%
    Median Household Income $68,399
    College Educated 37.4%

    High-Yield Neighborhoods for Investment

    Identify Far Rockaway submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Rockaway Park - 11694 $7.8M

    Taxes & Financing

    Tax Rate (average for all types) 9.69%
    Property Tax per SF $39.14 per SF
    Tax Rate vs County Average 0.26 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Nassau County

    New Delisted

    Total CRE Inventory on Market (SF)

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    • 11694

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