Updated Multifamily
New
For Sale
$885,000
14-04 Dickens Street, Far Rockaway, NY 11691
Renovated apartments are complemented by a large unfinished basement and a detached shed.
Property Size3,010 SF
Price / SF$294.02
Days on Market4
Property Features for 14-04 Dickens Street
General Information
Standard status
Active
Size
3,010 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,100
Amenities
Eat-in Kitchen
Granite Counters
Other
Storage
Walk-In Closet(s)
Building Details
Building Size
3,010 SF
Year Built
1920
Units
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Vanessa A. Adams · License #BK3377366
(347) 932-9378
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this 3,010-square-foot multifamily property at 14-04 Dickens Street includes updated apartments and a substantial unfinished basement with above-grade windows and high ceilings. Recent work includes the roof, electrical system, and boilers. A shed and a long driveway are also on the property, with space identified for a potential accessory dwelling unit.
The property is five minutes from Far Rockaway Beach, three minutes from the A train, and a short walk from the Long Island Rail Road.
The property is five minutes from Far Rockaway Beach, three minutes from the A train, and a short walk from the Long Island Rail Road.
Key Highlights
- 3,010‑square‑foot multifamily property built in 1920
- Apartments have been updated; roof, electrical system, and boilers are new
- Unfinished basement features above‑grade windows and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,578
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,560
$1.5M
Cap Rate 7%
$1,051,114
$1.1M
Cap Rate 9%
$817,533
$817.5K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$139.1K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.8K $44.44/SF
− OpEx
−$60.2K −$20.00/SF
NOI
$73.6K $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%
$1,471,560
Cap Rate 7%
$1,051,114
Cap Rate 9%
$817,533
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.7K – $1.23M
NOI $73,578 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,330 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,042
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated apartments are complemented by a large unfinished basement and a detached shed.
Where is this multifamily property located?
The property is located at 14-04 Dickens Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 3,010‑square‑foot multifamily property built in 1920; Apartments have been updated; roof, electrical system, and boilers are new; Unfinished basement features above‑grade windows and high ceilings
