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    181 Beach 91St St Far Rockaway, NY 11693

    For Sale
    $1,099,000

    Three-family home with two detached bungalows near Rockaway Beach.

    Lot size:
    0.11 Acres

    Property Features for 181 Beach 91St St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1920

    Source: ROCKAWAY PROPERTIES Agent Yelnia Casilla

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rockaway Beach Multifamily Investment Opportunity

    This property presents a unique investment opportunity in Rockaway Beach, featuring a 50x100 lot with a three-family home and two detached bungalows, totaling five income-producing units. All units are currently occupied by rent-paying tenants, providing immediate cash flow. The main building comprises three well-maintained residential units, each with separate entrances and utilities. The detached bungalows offer additional privacy and rental income. The property is located minutes from the beach, public transportation, shopping, and dining in a vibrant area of the Rockaways.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -73.815211
    Latitude
    40.58716

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    FAQs

    What type of property is this?
    Apartment building - Three-family home with two detached bungalows near Rockaway Beach.
    Where is this apartment building located?
    The property is located at 181 Beach 91St St Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: - Five income-producing units on an oversized 50x100 lot: a 3-family home plus two detached bungalows.; - All units are fully occupied, providing immediate cash flow.; - Prime location in the heart of Rockaway Beach, close to the beach, public transportation, shopping, and dining.
    (718) 634-3134
    Request Owner's contact information
    181 Beach 91St St Far Rockaway, NY 11693
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    Far Rockaway, NY 11693
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    Realmo Value Estimation

    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.

    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.

    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
    181 Beach 91St St Far Rockaway, NY 11693
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