Triplex with Ocean-View
For Sale
$1,129,000
204 Beach 102nd Street, Rockaway Park, NY 11694
Three boilers and three water heaters serve the building; tenants pay their own heat, hot water, and electricity.
Property Size2,931 SF
Price / SF$385.19
Days on Market11
Property Features for 204 Beach 102nd Street
General Information
Standard status
Active
Size
2,931 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x Studio
Multifamily Units
3
Individually Metered Utilities
heat, hot water, electric
Additional Details
Gross Income
$73,000
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,143
Amenities
barn for storage
terraces
Laminate
4
No
Open Floorplan,Quartz/Quartzite Counters
Public
3
Carport, Garage
2931
Building Details
Building Size
2,931 SF
Year Built
1988
Listing Agency:
Zanetis Properties LLC
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 31 at 7:12AM
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 Zanetis Properties LLC
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Investment Insights
Based on property information with market context.
This legal three-family property has two two-bedroom, one-bath apartments and a studio with its own backyard. A renovated front office is vacant. The building measures 2,931 square feet and dates to 1988. Separate equipment includes three boilers and three water heaters, and tenants cover their own heat, hot water, and electricity.
The property is one block from the beach and boardwalk. Terraces on the second and third floors have ocean views. A and S train service, express buses, and the Rockaway Ferry are nearby; the ferry connects to Sunset Park, Brooklyn, and Manhattan.
The property is one block from the beach and boardwalk. Terraces on the second and third floors have ocean views. A and S train service, express buses, and the Rockaway Ferry are nearby; the ferry connects to Sunset Park, Brooklyn, and Manhattan.
Key Highlights
- Legal three‑family building with two 2‑bedroom, 1‑bath apartments and a studio
- 2,931 square feet; built in 1988
- Renovated, vacant front office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,647
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,940
$1.4M
Cap Rate 7%
$1,023,529
$1.0M
Cap Rate 9%
$796,078
$796.1K
Market Conditions
NOI Build-Up for 2,931 SF
Gross rent
$135.4K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$130.3K $44.44/SF
− OpEx
−$58.6K −$20.00/SF
NOI
$71.6K $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%
$1,432,940
Cap Rate 7%
$1,023,529
Cap Rate 9%
$796,078
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$895.6K – $1.19M
NOI $71,647 @ 7.0% cap · market cap 6.35%
Second Best
Multifamily LT 5
$693.0K
$606.4K – $808.6K
NOI $48,513 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,254 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
747
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three boilers and three water heaters serve the building; tenants pay their own heat, hot water, and electricity.
Where is this triplex located?
The property is located at 204 Beach 102nd Street Rockaway Park, NY.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Legal three‑family building with two 2‑bedroom, 1‑bath apartments and a studio; 2,931 square feet; built in 1988; Renovated, vacant front office
