Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2202 Loretta Rd Far Rockaway, NY 11691

    Sponsored
    For Sale
    Pending
    $510,000

    Colonial, Duplex - Far Rockaway, NY

    Type:Duplex
    Property size:
    1,440 SF
    Days on Market:
    195
    Last Refresh:
    Jan 25 at 3:06 pm

    Property Features for 2202 Loretta Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    15709-0001
    Interior features
    First Floor Bedroom
    Basement Y/N
    1
    Size
    1,440 SF

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Shelly V. Irizarry
    Shelly V. Irizarry

    REONY.Com (844) 822-7578

    Listing agent Shelly V. Irizarry (844) 822-7578 License #31IR1109282

    Listing date Jul 15, 2025

    MLS# 846222 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Far Rockaway Corner Duplex

    This corner, semi-detached duplex in Far Rockaway features 4 bedrooms, 2 bathrooms, and a full basement. The property includes ample yard space. It is located blocks from Beach Channel Drive and Mott Avenue, with convenient access to the Rockaway Freeway, buses, the A Train, shopping, and recreational facilities. Located in School District #27, the property is in fair condition, offering an opportunity for renovations and upgrades.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Far Rockaway
    County
    Queens
    State
    New York
    Longitude
    -73.755023
    Latitude
    40.603346

    Nearby Similar for Sale

    • $1,113,000
      Pending

      Oceanview Two-Family Home in Arverne

      Three-story duplex in Arverne by the Sea, Rockaway Beach.
      162 Commodore Cir E, Arverne, NY 11692
      View Details
    • $1,500,000
      0.06 Acres

      Rockaway Beach Multi-Family Dwelling

      Two-dwelling house for sale in Rockaway Beach, New York.
      148 Beach 97Th St, Rockaway Beach, NY 11693
      View Details
    • $899,999
      2,289 SF

      Arverne Two-Family Home with Expansion Potential

      Legal two-family home with expansion potential in Arverne, New York.
      552 Beach 68Th St, Arverne, NY 11692
      View Details
    • $1,150,000
      0.11 Acres

      Luxury Beachside Two-Family Townhouse

      Luxury two-family townhouse complex with ocean views and beach access.
      159 5Th Ave, Far Rockaway, NY 11691
      View Details
    • $1,150,000
      Pending

      Luxury Beachside Two-Family Townhouse

      Luxury two-family townhouse with ocean views and private beach access.
      157 5Th Ave, Far Rockaway, NY 11691
      View Details
    • $899,000
      0.06 Acres

      Renovated Two-Family Home Near Beach

      Two-family brick home with private beach access in Far Rockaway.
      166 Beach 4Th St, Far Rockaway, NY 11691
      View Details
    • $1,199,990
      Pending

      Renovated Duplex in Far Rockaway

      Renovated duplex with finished basement in Far Rockaway, Queens.
      2315 Healy Ave, Far Rockaway, NY 11691
      View Details
    • $1,275,000
      Pending

      Renovated Two-Family Home with Beach Access

      Renovated two-family brick home near Far Rockaway with private beach.
      170 Beach 4Th St, Far Rockaway, NY 11691
      View Details
    • New
      $675,000
      0.07 Acres

      Arverne Two-Family Home for Sale

      Two-family home in Arverne, close to amenities and the beach.
      72-36 Almeda Ave, Arverne, NY 11692
      View Details
    • $1,398,000

      New Construction Two-Family House

      New construction two-family house in Far Rockaway, Queens.
      Gtwy Blvd And New Hvn, Far Rockaway, NY 11691
      View Details
    • $725,000
      Pending

      Far Rockaway Legal Two-Family Home

      Semi-attached two-family home in prime Far Rockaway location.
      2301 Camp Rd, Far Rockaway, NY 11691
      View Details
    • New
      $789,900
      0.09 Acres

      Far Rockaway Detached Two-Family Home

      Sun-drenched, renovated two-family home near Rockaway Beach.
      472 Beach 43Rd St, Far Rockaway, NY 11691
      View Details

    FAQs

    What type of property is this?
    Duplex - Semi-detached duplex with yard, close to transportation and amenities.
    Where is this duplex located?
    The property is located at 2202 Loretta Rd Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: - Four bedrooms and two bathrooms offer comfortable living space.; - Full basement provides ample storage or potential for finishing.; - Ample yard space perfect for outdoor activities.
    (718) 835-8800
    Request Owner's contact information
    2202 Loretta Rd Far Rockaway, NY 11691
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2202 Loretta Rd
    Far Rockaway, NY 11691
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2202 Loretta Rd Far Rockaway, NY 11691
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shelly V. Irizarry
    Shelly V. Irizarry
    (718) 835-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.