Duplex with Finished
For Sale
$749,999
151 Beach 27th Street, Far Rockaway, NY 11691
The 2006 brick property has three- and two-bedroom residences, a private driveway, and outdoor space.
Property Size2,700 SF
Price / SF$277.78
Days on Market52
Property Features for 151 Beach 27th Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
yard
finished basement
Building Details
Year Built
2006
Construction
brick
Listing Agency:
BEST REALTY PROFESSIONALS
(929) 287-4678
Listed By:
Katia Belony
(718) 484-3745
Source:
Gosenproperties
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 3:17PM
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 BEST REALTY PROFESSIONALS
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Investment Insights
Based on property information with market context.
Built in 2006, this brick duplex contains two residential units arranged as a three-bedroom residence above a two-bedroom residence. The property measures approximately 2,700 square feet and includes a finished basement, providing additional interior space. A private driveway offers on-site parking, while outdoor areas extend along the front, rear, and side of the building. Located at 151 Beach 27th Street in Far Rockaway, the property combines two dwelling units with parking and yard space.
Key Highlights
- Two‑family duplex with a three‑bedroom unit above a two‑bedroom unit
- Approximately 2,700 square feet
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 8.80%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
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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?
Duplex - The 2006 brick property has three- and two-bedroom residences, a private driveway, and outdoor space.
Where is this duplex located?
The property is located at 151 Beach 27th Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Two‑family duplex with a three‑bedroom unit above a two‑bedroom unit; Approximately 2,700 square feet; Finished basement
