Triplex with Off-Street
193 Beach 113th Street, Rockaway Park, NY 11694
For Sale
$849,000
Three separate residential spaces include larger two-bedroom layouts and additional front living or office space.
Property Size2,640 SF
Price / SF$321.59
Days on Market18
Property Features for 193 Beach 113th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Entrance Foyer
High Ceilings
Natural Woodwork
Open Kitchen
Storage
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
ROCKAWAY PROPERTIES
Listed By:
Nicole Switzer
(917) 921-5266
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 8 at 9:32PM
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 ROCKAWAY PROPERTIES
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Investment Insights
Based on property information with market context.
This 2,640-square-foot triplex, built in 1929, contains separate apartments on multiple levels, including larger two-bedroom layouts and front space suitable for living or office use. Three exterior entrances serve the building, and a driveway accommodates up to six vehicles. Improvements include replacement sewer and water lines and flood-resistant basement features.
The property is at 193 Beach 113th Street in Rockaway Park, one block from the beach and boardwalk. Transportation, shopping, and dining are also identified as nearby amenities.
The property is at 193 Beach 113th Street in Rockaway Park, one block from the beach and boardwalk. Transportation, shopping, and dining are also identified as nearby amenities.
Key Highlights
- Three residential spaces across multiple levels
- 2,640 square feet; built in 1929
- Driveway parking for up to six vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,236
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,720
$1.3M
Cap Rate 7%
$931,943
$931.9K
Cap Rate 9%
$724,844
$724.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$101.4K $38.40/SF
− Vacancy
−$8.2K −$3.10/SF
EGI
$93.2K $35.30/SF
− OpEx
−$28.0K −$10.59/SF
NOI
$65.2K $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%
$1,304,720
Cap Rate 7%
$931,943
Cap Rate 9%
$724,844
Alternative Uses
Best Use
Multifamily LT 5
$931.9K
$815.5K – $1.09M
NOI $65,236 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$921.9K
$806.7K – $1.08M
NOI $64,533 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,237 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
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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
$839,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residential spaces include larger two-bedroom layouts and additional front living or office space.
Where is this triplex located?
The property is located at 193 Beach 113th Street Rockaway Park, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three residential spaces across multiple levels; 2,640 square feet; built in 1929; Driveway parking for up to six vehicles
