Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Two-Family Residence, Far Rockaway Title is generated by Realmo AI

    2409 Brookhaven Avenue, Far Rockaway, NY 11691

    View on Map
    Claim this Listing
    For Sale
    $780,000

    MULTI_FAMILY - Far Rockaway, NY

    Property size:
    2,040 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $382/SF
    Added:
    Oct 30, 2025
    Days on Market:
    211
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 2409 Brookhaven Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    r4
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 6
    Standard status
    Active
    Size
    2,040 SF
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    ZaiYou (Joe) Zhu

    Listing agent ZaiYou (Joe) Zhu

    Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY

    Listing date Oct 30, 2025

    MLS# 497014 Listing URL

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in ready, renovated two‑family home in Far Rockaway.
    • Each unit features a spacious 3‑bedroom, 2‑bath layout.
    • Private driveway and rear yard.
    • Separately metered utilities and individual heating/hot water systems for each unit.
    • Close proximity to the train, beach, and boardwalk.
    • Suitable for both owner‑occupiers and investors.

    Overview

    This renovated two-family residence is located in Far Rockaway. The property is move-in ready, suitable for both end-users and investors. The building, measuring 20 feet by 51 feet, is situated on a 28-foot by 105-foot lot. It includes a private driveway and a rear yard. Each of the sun-filled apartments features a 3-bedroom, 2-bath layout. The property has separately metered utilities and individual heating and hot-water systems for each unit. Quality finishes are present throughout the home, reflecting modern renovations. Located within minutes of the train, beach, and boardwalk, the property offers convenient access to both city amenities and coastal living. The property is located in Queens. The lot size is 0.0643 acres. The property size is 2040 square feet. The zoning is R4. The property is intended for use as a multi-family residence or residential income property.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $554.1K
    NOI $49,867 @ 9.00% cap · cautious / downside scenario
    Moderate
    $712.4K
    NOI $49,867 @ 7.00% cap · market / base-case scenario
    Aggressive
    $997.3K
    NOI $49,867 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $94.2k $46.20
    − Vacancy −$3.6k −$1.76
    EGI $90.7k $44.44
    − OpEx −$40.8k −$20.00
    NOI $49.9k $24.44
    2,040 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $712.4K
    $623.3K – $831.1K (±1% cap)
    NOI $49,867 @ 7.0% cap · market cap 6.39%
    Second Best
    Multifamily LT 5
    $482.4K
    $422.1K – $562.8K (±1% cap)
    NOI $33,765 @ 7.0% cap · market cap 4.33%
    Theoretical Best
    Office A
    $1.50M
    $1.32M – $1.75M (±1% cap)
    NOI $105,274 @ 7.0% cap · market cap 13.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    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
    -73.760793
    Latitude
    40.599553

    Nearby Similar for Sale

    • $799,000
      1,505 SF

      Renovated Two-Family Home, Far Rockaway

      Renovated two-family home with finished basement near A train.
      22-02 loretta rd, Far Rockaway, NY 11691
      View Details
    • $848,000
      2,000 SF

      Two-Unit Property Near Beach

      Well-designed two-unit property near the beach in Far Rockaway.
      436 Beach 37th Street, Far Rockaway, NY 11691
      View Details
    • $1,089,999

      Spacious Multifamily Home in Far Rockaway

      Three-level home with income potential near beaches and amenities.
      1726 Plainview Avenue, Far Rockaway, NY 11691
      View Details
    • $1,150,000

      Luxury Beachfront Two-Family Townhouse

      Luxury two-family townhouse with ocean views and private beach access.
      161 Beach 5th Street, Far Rockaway, NY 11691
      View Details
    • $799,000

      Beach Block Double Bungalow

      Two separate homes on one lot, near Rockaway Beach.
      183 Beach 25th St, Far Rockaway, NY 11691
      View Details
    • $1,150,000

      Spacious Duplex in Bayswater

      Well-maintained duplex with modern amenities in a quiet neighborhood.
      1010 Bay 25th Street, Far Rockaway, NY 11691
      View Details
    • $599,000

      Far Rockaway Two-Family House

      Two-family house with driveway, close to beach and transportation.
      190 Beach 27th Street, Far Rockaway, NY 11691
      View Details
    • $3,800,000
      14,025 SF

      Hospitality Asset in Rockaway

      Three-story hospitality asset near Rockaway Boardwalk with redevelopment potential.
      164-168 Beach 116th St, Far Rockaway, NY 11694
      View Details
    • $499,900

      Far Rockaway Two-Family Duplex

      Two-family duplex in Far Rockaway near shopping and beaches.
      69-43 Hillmeyer Avenue, Far Rockaway, NY 11692
      View Details
    • $779,000

      Far Rockaway Two-Family Brick Building

      Two-family brick building in Far Rockaway, built in 2007.
      155 Beach 27th Street, Far Rockaway, NY 11691
      View Details
    • $669,900

      Colonial Multi-Family Home

      Legal 2-family home near shopping, transportation, and beaches.
      160 Beach 30th Street, Far Rockaway, NY 11691
      View Details
    • $1,499,000

      Luxury Beachside Two-Family Townhouse

      Luxury two-family townhouse complex with ocean views and private beach.
      132 Beach 5th Street, Far Rockaway, NY 11691
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated two-family home near train, beach, and boardwalk.
    Where is this duplex located?
    The property is located at 2409 Brookhaven Avenue Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: Move‑in ready, renovated two‑family home in Far Rockaway.; Each unit features a spacious **3‑bedroom, 2‑bath layout**.; Private driveway and rear yard.
    (718) 612-3088
    We can help!
    Listing Contact
    ZaiYou (Joe) Zhu
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2409 Brookhaven Avenue, Far Rockaway, NY 11691
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!