Multifamily Apartment
For Sale
Contact for pricing
Pending
416 Beach 25th St, Far Rockaway, NY 11691
Multifamily property offering 10 free-market apartments, multiple detached bungalows, and separate meters with parking.
Days on Market111
Property Features for 416 Beach 25th St
General Information
Standard status
Pending
Property subtype
Mixed Use
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 12
Changed: Jul 22
Last Checked: Jul 27 at 8:18PM
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 All Island Estates Realty Corporation
Investment Insights
Based on property information with market context.
This multifamily apartment building includes 10 free-market apartments configured across front and rear units and detached bungalow structures. The property features separate meters and air conditioning, with high ceilings described in the offering. The package includes 12 parking spaces.
The offering states the property is deliverable vacant. The public remarks also note four and two-family house components and (2) 2-family bungalow structures, alongside studio and one- through three-bedroom apartment units, depending on the unit configuration.
Two pro forma income scenarios are provided in the remarks. One scenario lists pro forma gross income of $116,400 annually with described monthly availability for several units, and another lists pro forma gross income of $102,600 annually for the alternate layout. Total pro forma gross income is stated as $263,400 annually, with total pro forma expenses of $61,152 and a net operating income of $202,048 at a stated 16.84 cap rate.
The offering states the property is deliverable vacant. The public remarks also note four and two-family house components and (2) 2-family bungalow structures, alongside studio and one- through three-bedroom apartment units, depending on the unit configuration.
Two pro forma income scenarios are provided in the remarks. One scenario lists pro forma gross income of $116,400 annually with described monthly availability for several units, and another lists pro forma gross income of $102,600 annually for the alternate layout. Total pro forma gross income is stated as $263,400 annually, with total pro forma expenses of $61,152 and a net operating income of $202,048 at a stated 16.84 cap rate.
Key Highlights
- Proforma total gross income of $263,400/year with proforma NOI of $202,048/year (proforma 16.84 cap).
- 10 free‑market apartments on a huge lot, including 4 family house, 2 family house, and (2) 2 family bungalows.
- Separate meters, plus a/c, and 12 parking spaces for tenants and guests.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property offering 10 free-market apartments, multiple detached bungalows, and separate meters with parking.
Where is this apartment building located?
The property is located at 416 Beach 25th St Far Rockaway, NY.
What are key features of this property?
This property features: Proforma total gross income of $263,400/year with proforma NOI of $202,048/year (proforma 16.84 cap).; 10 free‑market apartments on a huge lot, including 4 family house, 2 family house, and (2) 2 family bungalows.; Separate meters, plus a/c, and 12 parking spaces for tenants and guests.
