Multifamily Property with Finished Lower
For Sale
$998,000
1726 Plainview Avenue, Far Rockaway, NY 11691
One unit is vacant, with a garage and two additional parking spaces on site.
Property Size2,754 SF
Price / SF$362.38
Days on Market166
Property Features for 1726 Plainview Avenue
General Information
Standard status
Active
Size
2,754 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,578
Amenities
private backyard
Open Floorplan
Building Details
Building Size
2,754 SF
Year Built
1960
Buildings
1
Units
2
Construction
brick
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Monika M. Krynska SFR
(516) 575-7500
Source:
Clairedleone
Added: May 14
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This brick multifamily property contains 2,754 square feet across three levels, with five bedrooms and three full bathrooms. The finished lower level adds flexible living space. Built in 1960, the property also includes a one-car garage, two additional parking spaces, and a private backyard. One unit is vacant, allowing for immediate occupancy or rental use.
The property is in Far Rockaway near schools, shopping, restaurants, parks, and public transportation. Rockaway beaches, the local boardwalk, and major commuter routes are also accessible from the area.
The property is in Far Rockaway near schools, shopping, restaurants, parks, and public transportation. Rockaway beaches, the local boardwalk, and major commuter routes are also accessible from the area.
Key Highlights
- 2,754‑square‑foot brick multifamily property built in 1960
- Three levels with 5 bedrooms and 3 full bathrooms
- Finished lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,320
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,400
$1.3M
Cap Rate 7%
$961,714
$961.7K
Cap Rate 9%
$748,000
$748.0K
Market Conditions
NOI Build-Up for 2,754 SF
Gross rent
$127.2K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.4K $44.44/SF
− OpEx
−$55.1K −$20.00/SF
NOI
$67.3K $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%
$1,346,400
Cap Rate 7%
$961,714
Cap Rate 9%
$748,000
Alternative Uses
Best Use
Apartment 5plus
$961.7K
$841.5K – $1.12M
NOI $67,320 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,120 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
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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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?
Multifamily property - One unit is vacant, with a garage and two additional parking spaces on site.
Where is this multifamily property located?
The property is located at 1726 Plainview Avenue Far Rockaway, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 2,754‑square‑foot brick multifamily property built in 1960; Three levels with 5 bedrooms and 3 full bathrooms; Finished lower level
