Two-Family Beachside
142 Beach 5th Street Queens, NY 11691
142 Beach 5th Street, Queens, NY, 11691
$1,499,000
Pending
For Sale
$1,499,000
Pending
Two residences with private balconies and rooftop areas, plus a garage with storage, offering direct access to the beach and dock.
Property Size3,942 SF
Days on Market33
Property Features for 142 Beach 5th Street
General Information
- Standard status
- Pending
- Size
- 3,942 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2017
Listing agency
Five Towns Miller Realty Inc
(516) 374-4100
Listed by
Ayelet Pottash
(516) 374-4100
Source
Compass
Added: Jun 19 Updated: Jul 21 at 3:10AM Checked: Jul 21 at 3:10AM
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 Five Towns Miller Realty Inc
Investment Insights
Based on property information with market context.
This luxury two-family townhouse complex consists of two distinct residences designed for separate living. The lower unit features two bedrooms, a bathroom, and an open-plan living area that flows into a modern kitchen. The upper residence is arranged as a multi-level triplex layout, with living and dining space, an additional room adjacent to the kitchen that can serve as a playroom or office, and multiple bedrooms including a master suite with an en-suite bathroom. Private balconies and rooftop spaces are included, along with a rooftop terrace offering panoramic coastline views. The property also includes a garage with two storage rooms.
The complex is described as beachside, with access to a dock and the beach.
The seller and public records describe contemporary design by architect CetraRuddy and kitchen finishes including marble counters and backsplash with Porcelanosa fixtures.
The complex is described as beachside, with access to a dock and the beach.
The seller and public records describe contemporary design by architect CetraRuddy and kitchen finishes including marble counters and backsplash with Porcelanosa fixtures.
Key Highlights
- Luxury 2‑family townhouse complex on a beach with beach‑front access to the beach and dock
- Year built 2017 with advanced framing technique and vinyl siding
- Lower unit features 2 bedrooms, 1 bathroom, and an open floorplan living area with a modern kitchen
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.1k | $46.20 |
| − Vacancy | −$6.9k | −$1.76 |
| EGI | $175.2k | $44.44 |
| − OpEx | −$78.8k | −$20.00 |
| NOI | $96.4k | $24.44 |
3,942 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,360 @ 7.0% cap · market cap 6.43%
Second Best
Multifamily LT 5
$932.1K
$815.6K – $1.09M
NOI $65,246 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,426 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residences with private balconies and rooftop areas, plus a garage with storage, offering direct access to the beach and dock.
Where is this duplex located?
The property is located at 142 Beach 5th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Luxury 2‑family townhouse complex on a beach with beach‑front access to the beach and dock; Year built 2017 with advanced framing technique and vinyl siding; Lower unit features 2 bedrooms, 1 bathroom, and an open floorplan living area with a modern kitchen
