Renovated
For Sale
$575,000
190 Beach 27th Street, Far Rockaway, NY 11691
A detached two-family residence offers a fully renovated, vacant second floor.
Property Size1,088 SF
Price / SF$528.49
Days on Market196
Property Features for 190 Beach 27th Street
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,616
Amenities
driveway
First Floor Full Bath
Building Details
Building Size
1,088 SF
Year Built
1930
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Apr 14
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Gail Leone
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached two-family property contains 1,088 square feet and was built in 1930. The second floor is vacant and has been fully renovated. A driveway serves the property.
The home is near the beach, schools, shopping, and transportation.
The home is near the beach, schools, shopping, and transportation.
Key Highlights
- Detached two‑family property
- Vacant second floor has been fully renovated
- 1,088 square feet; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,596
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,920
$531.9K
Cap Rate 7%
$379,943
$379.9K
Cap Rate 9%
$295,511
$295.5K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$50.3K $46.20/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$48.4K $44.44/SF
− OpEx
−$21.8K −$20.00/SF
NOI
$26.6K $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%
$531,920
Cap Rate 7%
$379,943
Cap Rate 9%
$295,511
Alternative Uses
Best Use
Apartment 5plus
$379.9K
$332.5K – $443.3K
NOI $26,596 @ 7.0% cap · market cap 4.63%
Second Best
Multifamily LT 5
$257.3K
$225.1K – $300.1K
NOI $18,008 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$802.1K
$701.8K – $935.8K
NOI $56,146 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,628
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A detached two-family residence offers a fully renovated, vacant second floor.
Where is this duplex located?
The property is located at 190 Beach 27th Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Detached two‑family property; Vacant second floor has been fully renovated; 1,088 square feet; built in 1930
