Legal 2-Family
1010 Bay 25th Street, Far Rockaway, NY 11691
MULTI_FAMILY - Far Rockaway, NY
Property size:
2,500 SFLot size:
0.12 AcresPrice / SF:
$396/SF- Added:
- Apr 23, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 21 at 5:06 am
Property Features for 1010 Bay 25th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 5, Bedroom 6, Bathroom 1, Dining Room, Bedroom 2, Bathroom 4
- Parking
- 1
- Parking features
- Off Street
- Interior features
- Eat-in Kitchen, Formal Dining, Granite Counters, Storage, Walk-In Closet(s), Washer/Dryer Hookup
- Basement
- Full
- Standard status
- Active
- APN
- 15732-0067
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7713
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Brick
- Additional Structures
- Storage
Listing agent Carolyn Davis (718) 406-2552
Listing office Signature Premier Properties 275 Route 25a, Huntington, NY (631) 642-2300
Listing date Apr 23, 2026
MLS# 989809
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal 2‑family home with about 2,500 sq ft living space and about 3,500 sq ft usable space, plus partially finished basement
- Two separate 3‑bedroom units with 6 bedrooms total and 5 bathrooms (including basement bathroom)
- Partially finished basement with full bathroom, wet bar hookup, washer/dryer, and extensive storage rooms
- Updated main floor unit with newer roof, windows, doors, boiler, and water heater
- Eat‑in kitchen, granite counters, formal dining, hardwood floors, and walk‑in closets including primary his‑and‑her closets
- Fenced property with off‑street parking and public water and public sewer
Overview
This legal 2-family duplex at 1010 Bay 25th Street is a limestone-faced, well-maintained property designed for separate living arrangements. The home offers two separate 3-bedroom units and includes a partially finished basement that adds additional living and storage flexibility. The basement includes a bathroom and offers a wet bar hookup, along with extensive storage and two additional storage rooms. Mechanical and exterior improvements noted include a newer roof, newer windows, newer doors, a boiler, and a water heater.
The main floor unit is configured with three spacious bedrooms, two full bathrooms, a formal living room and formal dining room, and an eat-in kitchen, with hardwood floors throughout. The upper unit features three spacious bedrooms with one full bathroom and one half bathroom, formal living and dining rooms, an updated and renovated kitchen, and hardwood floors throughout. Additional interior details include his-and-her closets in the primary bedroom and a large walk-in closet, plus a private mini balcony.
For buyers and operators, the layout supports multi-unit occupancy with separate three-bedroom configurations, while the partially finished basement provides options for recreation, an office, a gym, or additional living use. The property also has a fenced setting. The listing notes the home may be sold with select additional items that could support immediate occupancy or rental readiness.
The main floor unit is configured with three spacious bedrooms, two full bathrooms, a formal living room and formal dining room, and an eat-in kitchen, with hardwood floors throughout. The upper unit features three spacious bedrooms with one full bathroom and one half bathroom, formal living and dining rooms, an updated and renovated kitchen, and hardwood floors throughout. Additional interior details include his-and-her closets in the primary bedroom and a large walk-in closet, plus a private mini balcony.
For buyers and operators, the layout supports multi-unit occupancy with separate three-bedroom configurations, while the partially finished basement provides options for recreation, an office, a gym, or additional living use. The property also has a fenced setting. The listing notes the home may be sold with select additional items that could support immediate occupancy or rental readiness.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.5k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $111.1k | $44.44 |
| − OpEx | −$50.0k | −$20.00 |
| NOI | $61.1k | $24.44 |
2,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 6.17%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Far Rockaway
- County
- Queens
- State
- New York
- Longitude
- -73.762724
- Latitude
- 40.603028
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained legal two-family home with two separate three-bedroom units and a partially finished basement for added flexibility.
Where is this duplex located?
The property is located at 1010 Bay 25th Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Legal 2‑family home with about 2,500 sq ft living space and about 3,500 sq ft usable space, plus partially finished basement; Two separate 3‑bedroom units with 6 bedrooms total and 5 bathrooms (including basement bathroom); Partially finished basement with full bathroom, wet bar hookup, washer/dryer, and extensive storage rooms
