4-Unit Beachside
175 Beach 113th Street, Queens, NY 11694
For Sale
$1,800,000
Separate electric and gas meters provide distinct utility accounts across the building.
Property Size3,750 SF
Price / SF$480
Days on Market93
Property Features for 175 Beach 113th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Buildings
Stories
Listing Agency:
RE/MAX Elite
Listed By:
Melissa M. Carrington · License NY #10491209088
(718) 690-3900
Source:
Gosenproperties
Added: Aug 10
Changed: Nov 7
Last Checked: Nov 7 at 1:43PM
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 RE/MAX Elite
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 175 Beach 113th Street, this 3,750-square-foot quadplex contains four residences across three floors. The first-floor apartment has 2 bedrooms and 2.5 bathrooms; the second floor holds two 1-bedroom, 1-bathroom units; and the third-floor penthouse offers 2 bedrooms, 1 bathroom, high ceilings, and ocean views. Interior features include stone countertops, updated cabinetry, tiled tub surrounds, and plate-glass shower doors. The building also has Marvin double-hung windows with custom wood boxes, spray insulation, and 3/4-inch plywood sheathing.
Utility service is divided among 5 electric meters and 4 gas meters. The property is on Beach 113th Street in Queens, with the ocean and Rockaway Boardwalk described as steps away.
Utility service is divided among 5 electric meters and 4 gas meters. The property is on Beach 113th Street in Queens, with the ocean and Rockaway Boardwalk described as steps away.
Key Highlights
- Four residences across 3,750 square feet and three floors
- First floor: 2 bedrooms and 2.5 bathrooms; second floor: two 1‑bedroom, 1‑bathroom apartments
- Third‑floor penthouse has 2 bedrooms, 1 bathroom, high ceilings, and ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,665
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,300
$1.9M
Cap Rate 7%
$1,323,786
$1.3M
Cap Rate 9%
$1,029,611
$1.0M
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$144.0K $38.40/SF
− Vacancy
−$11.6K −$3.10/SF
EGI
$132.4K $35.30/SF
− OpEx
−$39.7K −$10.59/SF
NOI
$92.7K $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%
$1,853,300
Cap Rate 7%
$1,323,786
Cap Rate 9%
$1,029,611
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,665 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,667 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,518 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 11694, NY
19,780
Population
9,103
Households
2.2
Avg Household Size
46
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
11,635
Density / Sq Mi
$103,792
Median Household Income
$65,602
Median Earnings
$1,787
Median Rent
$839,000
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Queens, NY
Properties on Market for Quadplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate electric and gas meters provide distinct utility accounts across the building.
Where is this quadplex located?
The property is located at 175 Beach 113th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four residences across 3,750 square feet and three floors; First floor: 2 bedrooms and 2.5 bathrooms; second floor: two 1‑bedroom, 1‑bathroom apartments; Third‑floor penthouse has 2 bedrooms, 1 bathroom, high ceilings, and ocean views
