Two-Unit Duplex with
New
For Sale
$939,000
186 Beach 118th Street, Rockaway Park, NY 11694
Residential, Rockaway Park, NY
Property Size2,650 SF
Lot Size0.07 Acres
Price / SF$354.34
Days on Market4
Property Features for 186 Beach 118th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4A
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Parking features
Carport
Patio and Porch features
Porch
Interior features
A/C Unit - Window, Porch
Basement
Unfinished, Full
Subdivision
Rockaway Park
Standard status
Active
Size
2,650 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7661
Amenities
Shared Driveway
Rear Yard
Front Car Pad
Open Front Porch
Building Details
Number of units
2
Building materials
Wood Frame
Listing Agency:
George L Clark Inc
Listed By:
Joan Clark
(718) 266-3900
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 16 at 6:06AM
MLS# 505301
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex has three stories, a full basement, and 2,650 square feet of living space. The first-floor residence includes a living room, bedroom, dining room, full bathroom, kitchen, and front porch. Above it, an eight-room duplex spans the second and third floors, with five bedrooms and two full bathrooms. The basement is unfinished. Both homes have separate front entrances and access to the rear yard; the property also includes a shared driveway and a front car pad.
The beach and boardwalk are steps away. Nearby amenities and transportation include restaurants, shopping, schools, houses of worship, the MTA A train, express buses, and NYC Ferry service.
Building features include gas heat and upgraded electrical service. The windows and roof have been recently replaced, and the property is zoned R4A.
The beach and boardwalk are steps away. Nearby amenities and transportation include restaurants, shopping, schools, houses of worship, the MTA A train, express buses, and NYC Ferry service.
Building features include gas heat and upgraded electrical service. The windows and roof have been recently replaced, and the property is zoned R4A.
Key Highlights
- Two residences with 2,650 square feet of living space
- Three‑story building with a full, unfinished basement
- Upper duplex has eight rooms, five bedrooms, and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,778
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,560
$1.3M
Cap Rate 7%
$925,400
$925.4K
Cap Rate 9%
$719,756
$719.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$122.4K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.8K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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%
$1,295,560
Cap Rate 7%
$925,400
Cap Rate 9%
$719,756
Alternative Uses
Best Use
Apartment 5plus
$925.4K
$809.7K – $1.08M
NOI $64,778 @ 7.0% cap · market cap 6.90%
Second Best
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,753 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
814
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
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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?
Duplex - Separate front entrances, a shared rear yard, and a porch serve the two residences.
Where is this duplex located?
The property is located at 186 Beach 118th Street Rockaway Park, NY.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Two residences with 2,650 square feet of living space; Three‑story building with a full, unfinished basement; Upper duplex has eight rooms, five bedrooms, and two full bathrooms
