Residential Income Unit with Ocean
136 BEACH 117TH Street 4J, Queens, NY 11694
For Sale
$650,000
The residence combines a private terrace with shared fitness, lounge, media, and rooftop amenities.
Property Size1,320 SF
Price / SF$492.42
Days on Market14
Property Features for 136 BEACH 117TH Street 4J
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
state-of-the-art fitness center
rooftop deck
resident lounge
media room
large storage
Building Details
Building Size
Year Built
Listing Agency:
Serhant
Listed By:
Azad Zubair
(908) 655-8169
Source:
Carlinwright
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 8 at 12:48PM
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 Serhant
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Investment Insights
Based on property information with market context.
This 1,320-square-foot residence has two bedrooms and two bathrooms, with an open living and dining area extending to a private terrace. Both bedrooms include walk-in closets. The bathrooms have been renovated, and a washer and dryer hookup is provided. Deeded indoor parking is included. The building dates to 2006.
Residents have access to a fitness center, rooftop deck with ocean and city views, lounge, media room, and large storage area. The property is moments from the shoreline, with ocean views from the residence.
Residents have access to a fitness center, rooftop deck with ocean and city views, lounge, media room, and large storage area. The property is moments from the shoreline, with ocean views from the residence.
Key Highlights
- 1,320‑square‑foot residence with two bedrooms and two bathrooms
- Private terrace off the living and dining area
- Renovated bathrooms; washer and dryer hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,267
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,340
$645.3K
Cap Rate 7%
$460,957
$461.0K
Cap Rate 9%
$358,522
$358.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$61.0K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$58.7K $44.44/SF
− OpEx
−$26.4K −$20.00/SF
NOI
$32.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,340
Cap Rate 7%
$460,957
Cap Rate 9%
$358,522
Alternative Uses
Best Use
Apartment 5plus
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$973.1K
$851.5K – $1.14M
NOI $68,118 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 11694, NY
19,780
Population
9,103
Households
2.2
Avg Household Size
46
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
11,635
Density / Sq Mi
$103,792
Median Household Income
$65,602
Median Earnings
$1,787
Median Rent
$839,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines a private terrace with shared fitness, lounge, media, and rooftop amenities.
Where is this residential income property located?
The property is located at 136 BEACH 117TH Street 4J Queens, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,320‑square‑foot residence with two bedrooms and two bathrooms; Private terrace off the living and dining area; Renovated bathrooms; washer and dryer hookup
