Two-Family Townhouse with
144 Beach 5th Street Queens, NY 11691
144 Beach 5th Street, Queens, NY, 11691
$1,499,000
Pending
For Sale
$1,499,000
Pending
Two-unit beachside townhouse complex with private balconies, a rooftop terrace, and a garage with two storage rooms.
Property Size3,942 SF
Days on Market34
Property Features for 144 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 7:34PM Checked: Jul 22 at 9:18AM
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 two-family townhouse complex offers contemporary design by architect CetraRuddy and two distinct residences. The lower unit includes two bedrooms, a bathroom, a Bosch washer-dryer, and an open-plan living area flowing into a modern kitchen with marble counters and a backsplash with Porcelanosa fixtures. The upper unit is arranged across three levels in a triplex layout, with living, dining, and kitchen on the main floor plus an additional room adjacent to the kitchen that can be used as an office or playroom. Upstairs features three or four bedrooms, a bathroom, and a master suite with an en-suite bathroom. A private rooftop terrace provides panoramic coastline views.
The property is situated beach side with access to a dock and the beach.
A garage with two storage rooms is also included for added convenience.
The property is situated beach side with access to a dock and the beach.
A garage with two storage rooms is also included for added convenience.
Key Highlights
- 2017‑built two‑unit beachside townhouse complex with beach‑front location and dock/beach access
- Lower unit includes 2 bedrooms, 1 bathroom, open‑plan living area, and a Bosch washer‑dryer
- Upper unit is a multi‑level triplex‑style layout with living/dining/kitchen, plus 3–4 bedrooms and a rooftop terrace
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-unit beachside townhouse complex with private balconies, a rooftop terrace, and a garage with two storage rooms.
Where is this duplex located?
The property is located at 144 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: 2017‑built two‑unit beachside townhouse complex with beach‑front location and dock/beach access; Lower unit includes 2 bedrooms, 1 bathroom, open‑plan living area, and a Bosch washer‑dryer; Upper unit is a multi‑level triplex‑style layout with living/dining/kitchen, plus 3–4 bedrooms and a rooftop terrace
