Add Listing
    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

    1120 Beach Channel Dr Far Rockaway, NY 11691

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $900,000

    Specialty property available for sale.

    Lot size:
    0.20 Acres

    Property Features for 1120 Beach Channel Dr

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Nicole Switzer
    Source: Elliman

    Listing Agent: Nicole Switzer

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

    Learn more

    Property Insight Report

    Overview

    Beach Channel Drive Property

    A specialty property is available for sale. The list price is $900,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    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
    -73.755306
    Latitude
    40.604321

    Nearby Similar for Sale

    • New
      $679,900
      0.05 Acres

      Colonial Two-Family Home

      Legal two-family home near beaches and transportation.
      160 Beach 30Th St, Far Rockaway, NY 11691
      View Details
    • New
      $725,000
      0.08 Acres

      Colonial Multifamily Home in Far Rockaway

      Colonial-style home with six bedrooms in Far Rockaway, NY.
      2327 Mott Ave, Far Rockaway, NY 11691
      View Details
    • $504,900
      0.06 Acres

      Two-Family Home in Arverne, NY

      Spacious two-family home with corner parcel and exceptional potential.
      156 Beach 60Th St, Arverne, NY 11692
      View Details
    • $1,275,000
      4,756 SF

      Spacious Bayswater Two-Family House

      Two-family house on a large lot in a quiet neighborhood.
      1134 Bay 27Th St, Far Rockaway, NY 11691
      View Details
    • $899,000

      Arverne Multi-Family Income Property

      Three-unit property near the beach with strong rental income.
      423 Beach 66Th St, Arverne, NY 11692
      View Details
    • New
      $850,000
      0.11 Acres

      Far Rockaway Multifamily Property

      Multifamily property in Far Rockaway, needs some work.
      29-31 Falcon Ave, Far Rockaway, NY 11691
      View Details
    • New
      $975,000
      Pending

      New Construction Two-Family in Arverne

      New construction two-family property in Far Rockaway with water views.
      69-50 Hessler Ave, Arverne, NY 11692
      View Details
    • $808,888
      0.08 Acres

      Far Rockaway Two-Family Duplex

      Two-family duplex near beach, boardwalk, transportation, and amenities.
      234 Beach 28Th St, Far Rockaway, NY 11691
      View Details
    • $789,900
      Pending

      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
    • $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
    • $649,000
      0.06 Acres

      Rockaway Beach Legal Two-Family House

      Legal two-family house in Rockaway Beach, updated and clean.
      340 Beach 84Th St, Rockaway Beach, NY 11693
      View Details
    • $888,000
      0.05 Acres

      Far Rockaway Two-Family Home

      Well-maintained two-family home in Far Rockaway, ideal for investors.
      2223 Nameoke Ave, Far Rockaway, NY 11691
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale.
    Where is this specialty property located?
    The property is located at 1120 Beach Channel Dr Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Year Built: 1920
    (917) 921-5266
    Request Owner's contact information
    1120 Beach Channel Dr 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.
    1120 Beach Channel Dr
    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
    1120 Beach Channel Dr 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
    Nicole Switzer
    (917) 921-5266 (718) 634-3134
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!