Duplex with Finished
New
For Sale
$1,400,000
140 Beach 127th Street, Rockaway Park, NY 11694
The two-family residence includes six bedrooms, five bathrooms, and a two-car garage.
Property Size3,024 SF
Days on Market4
Property Features for 140 Beach 127th Street
General Information
Standard status
Active
Size
3,024 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,905
Amenities
backyard
washer/dryer
porch
finished basement
Central Air
Finished
Driveway
Building Details
Building Size
3,024 SF
Year Built
1960
Buildings
1
Listing Agency:
ROCKAWAY PROPERTIES
Listed By:
Lisa A. Jackson · License #KEY176298
(718) 634-3134
Source:
Evrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 8:56PM
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 ROCKAWAY PROPERTIES
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Investment Insights
Based on property information with market context.
This legal two-family property has six bedrooms, five bathrooms, a finished basement, and a two-car garage. The basement includes an additional bedroom and bathroom, along with split-unit heating and cooling. The home was built in 1960 and has updated HVAC and air conditioning, a new hot water heater, and a new washer and dryer. Other improvements include recessed lighting in select areas, updated exterior and main-level interior doors, and an updated kitchen with a center island and opened layout.
The property is at 140 Beach 127th Street in Rockaway Park, on a beach block described as steps from the sand. Outdoor features include an updated backyard with a gas line. Drainage work includes a system along the side of the house, a French drain and sump pump beneath the house, additional basement sump pumps, and a waterproofed porch.
The property is at 140 Beach 127th Street in Rockaway Park, on a beach block described as steps from the sand. Outdoor features include an updated backyard with a gas line. Drainage work includes a system along the side of the house, a French drain and sump pump beneath the house, additional basement sump pumps, and a waterproofed porch.
Key Highlights
- Legal two‑family home with 6 bedrooms and 5 bathrooms
- Finished basement adds a bedroom and bathroom
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,920
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,400
$1.5M
Cap Rate 7%
$1,056,000
$1.1M
Cap Rate 9%
$821,333
$821.3K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$139.7K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$134.4K $44.44/SF
− OpEx
−$60.5K −$20.00/SF
NOI
$73.9K $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%
$1,478,400
Cap Rate 7%
$1,056,000
Cap Rate 9%
$821,333
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$924.0K – $1.23M
NOI $73,920 @ 7.0% cap · market cap 5.28%
Second Best
Multifamily LT 5
$715.0K
$625.7K – $834.2K
NOI $50,052 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,053 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence includes six bedrooms, five bathrooms, and a two-car garage.
Where is this duplex located?
The property is located at 140 Beach 127th Street Rockaway Park, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Legal two‑family home with 6 bedrooms and 5 bathrooms; Finished basement adds a bedroom and bathroom; Two‑car garage
