Beachfront 2-Unit
164 Beach 6th Street, Far Rockaway, NY 11691
For Sale
$1,275,000
Pending
Two residences offer separate layouts, private outdoor areas, and access to the beach and a dock.
Property Size1,788 SF
Days on Market10
Property Features for 164 Beach 6th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balconies
rooftop terrace
private dock
beach access
garage
storage rooms
gourmet kitchens
Bosch washer-dryer
marble counters
Porcelanosa fixtures
4
No
5
Kitchen Island
Public
Private, Attached
Dock
Building Details
Year Built
Listing Agency:
Five Towns Miller Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 8 at 8:18AM
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
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Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains two townhouse residences with distinct floor plans. The lower home has two bedrooms, a bathroom, an open living and kitchen area, and a washer-dryer. The upper residence spans three levels, with a combined living, dining, and kitchen area, an additional room, bedrooms, and a primary suite with an en-suite bathroom. Both homes feature contemporary design, kitchen islands, and private outdoor space, including balconies and rooftop areas. A garage and two storage rooms provide additional on-site space.
The property is situated on the beach and offers beach access, a private dock, and ocean views from its outdoor areas. The two-residence configuration is complemented by separate living spaces and rooftop terraces.
The property is situated on the beach and offers beach access, a private dock, and ocean views from its outdoor areas. The two-residence configuration is complemented by separate living spaces and rooftop terraces.
Key Highlights
- Two townhouse residences in one duplex
- Lower residence includes two bedrooms and an open living and kitchen area
- Upper residence spans three levels and includes a primary suite with an en‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,183
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,660
$883.7K
Cap Rate 7%
$631,186
$631.2K
Cap Rate 9%
$490,922
$490.9K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$68.7K $38.40/SF
− Vacancy
−$5.5K −$3.10/SF
EGI
$63.1K $35.30/SF
− OpEx
−$18.9K −$10.59/SF
NOI
$44.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,660
Cap Rate 7%
$631,186
Cap Rate 9%
$490,922
Alternative Uses
Best Use
Multifamily LT 5
$631.2K
$552.3K – $736.4K
NOI $44,183 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$624.4K
$546.3K – $728.5K
NOI $43,707 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,269 @ 7.0% cap · market cap 7.24%
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
566
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
Properties on Market for Duplexes in Far Rockaway
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate layouts, private outdoor areas, and access to the beach and a dock.
Where is this duplex located?
The property is located at 164 Beach 6th Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two townhouse residences in one duplex; Lower residence includes two bedrooms and an open living and kitchen area; Upper residence spans three levels and includes a primary suite with an en‑suite bathroom
