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112-Unit Garden-Style Apartment Portfolio
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10-07 Hartman Lane, Far Rockaway, NY 11691

Two-story multifamily properties with on-site parking and access to subway and Long Island Rail Road service.

Property Size98,718 SF
Price / SF$113.96
Days on Market6

Property Features for 10-07 Hartman Lane

General Information

Standard status Active
Size 98,718 SF
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 112

Building Details

Construction garden-style
Listing Agency: Meridian Capital Group Midtown
Listed By: Shallini Mehra · License #NY 10301207794
Source: Crexi
Added: Sep 5 Changed: Sep 9 Last Checked: Sep 9 at 3:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group Midtown

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises two two-story, garden-style apartment complexes totaling 98,718 SF and 112 apartments. Parking is included, and the properties contain 17 vacant apartments that require renovations. The vacant units include 14 at 10-07 Hartman Lane and 3 at 31-41 Healy Avenue.

The properties are in Bayswater in Far Rockaway, Queens, with multiple beaches nearby. Public transportation access includes the Beach 25th Street [A] subway station and the Far Rockaway Long Island Railroad station.

Ownership completed capital improvements during the past 18 months. The vacant apartments may be rented to program tenants through Section 8, FHEPS, and City FHEPS, subject to applicable program requirements.

Key Highlights

  • Two garden‑style apartment complexes totaling 98,718 SF
  • 112 apartments across the portfolio
  • 17 vacant apartments requiring renovations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center (Bike/Boat/Book/etc) Store Skin Care Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

112
Residential units

Location Intelligence

Trade Area within ½ mile

871
Businesses Nearby

Demographics for 11691, NY

64,673
Population
23,400
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
23,953
Density / Sq Mi
$57,027
Median Household Income
$40,366
Median Earnings
$1,444
Median Rent
$649,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily properties with on-site parking and access to subway and Long Island Rail Road service.
Where is this apartment building located?
The property is located at 10-07 Hartman Lane Far Rockaway, NY.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: Two garden‑style apartment complexes totaling 98,718 SF; 112 apartments across the portfolio; 17 vacant apartments requiring renovations
(212) 468-5958 Call to check price and availability
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