Brick Two-Family
199 Bch 27th St, Far Rockaway, NY 11691
For Sale
$699,999
Two residential units offer the option to occupy one and rent the other.
Property Size1,320 SF
Price / SF$530.30
Days on Market8
Property Features for 199 Bch 27th St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Amenities
private outdoor space
Building Details
Year Built
Construction
Listing Agency:
Royal Realty Group Inc
Listed By:
Hanan Sheleg
(718) 468-7600
Source:
Jaida.mappmyhome
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 2:05PM
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 Royal Realty Group Inc
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Investment Insights
Based on property information with market context.
This brick duplex contains two residential units and dates to 1940. The 1,320-square-foot home includes living areas and private outdoor space, with cosmetic updates available for a buyer’s own plans.
The property is at 199 Bch 27th St in Far Rockaway, New York. Shopping, schools, transportation, and Rockaway beaches are nearby.
The property is at 199 Bch 27th St in Far Rockaway, New York. Shopping, schools, transportation, and Rockaway beaches are nearby.
Key Highlights
- Two residential units
- Brick construction; built in 1940
- 1,320 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,267
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,340
$645.3K
Cap Rate 7%
$460,957
$461.0K
Cap Rate 9%
$358,522
$358.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$61.0K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$58.7K $44.44/SF
− OpEx
−$26.4K −$20.00/SF
NOI
$32.3K $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%
$645,340
Cap Rate 7%
$460,957
Cap Rate 9%
$358,522
Alternative Uses
Best Use
Apartment 5plus
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 4.61%
Second Best
Multifamily LT 5
$312.1K
$273.1K – $364.1K
NOI $21,848 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$973.1K
$851.5K – $1.14M
NOI $68,118 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Far Rockaway
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer the option to occupy one and rent the other.
Where is this duplex located?
The property is located at 199 Bch 27th St Far Rockaway, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two residential units; Brick construction; built in 1940; 1,320 square feet
