Renovated 3-Family Brick
228 Beach 32 St, Far Rockaway, NY 11691
New
Multi-Unit (2-4) - Far Rockaway, NY
Property size:
2,760 SFLot size:
0.04 AcresPrice / SF:
$380/SF- Added:
- Jun 18, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 22 at 9:06 pm
Property Features for 228 Beach 32 St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
- Parking features
- Garage
- Appliances
- Microwave, Refrigerator
- Standard status
- Active
- APN
- 000000-000.000-15807-010.000
- Size
- 2,760 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 2004
- Year renovated
- 2004
- Floors in Building
- 3
- Flooring type
- Hardwood
- Architectural style
- Other
Listing agent Avraham Birnbaum (347) 876-9337
Listing office TWELVE STONES REALTY 1600 CENTRAL AVENUE, Far Rockaway, NY (973) 873-8444
Listing date Jun 18, 2026
MLS# 11839328
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Solid brick 3‑family with a 3 bed / 3 bed / 2 bed unit layout across three units.
- Built in 2004; full gut renovation completed in 2018 with updated systems and finishes throughout.
- Utility configuration includes 4 electric meters and 3 gas meters for near‑complete tenant responsibility for utilities.
- Hardwood flooring and baseboard heating throughout.
- On‑site parking features a garage, plus a private driveway in front of the property.
- Option to acquire the adjacent property at 230 Beach 32nd Street for an assemblage on the block.
Overview
228 Beach 32 St presents a solid brick 3-family configuration with a 3 bed, 3 bed, and 2 bed layout across three well-proportioned units. The property was fully gut renovated in 2018, with updated systems and finishes throughout. Utility management is designed for tenant responsibility, with 4 electric meters and 3 gas meters supporting separate billing and expense control.
Located in Far Rockaway, Queens, the building includes a private driveway in front of the property, offering off-street convenience for residents. The offering also includes an option to acquire the adjacent property at 230 Beach 32nd Street, which could allow for an assemblage and expansion planning on the block.
This asset is well-suited for buyers seeking a renovated, income-producing multifamily property with practical unit mix and established utility metering. The private driveway adds a tangible amenity for tenants, while the adjacency option provides an additional pathway for those interested in growing the portfolio through expansion next door.
Located in Far Rockaway, Queens, the building includes a private driveway in front of the property, offering off-street convenience for residents. The offering also includes an option to acquire the adjacent property at 230 Beach 32nd Street, which could allow for an assemblage and expansion planning on the block.
This asset is well-suited for buyers seeking a renovated, income-producing multifamily property with practical unit mix and established utility metering. The private driveway adds a tangible amenity for tenants, while the adjacency option provides an additional pathway for those interested in growing the portfolio through expansion next door.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.5k | $46.20 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $122.7k | $44.44 |
| − OpEx | −$55.2k | −$20.00 |
| NOI | $67.5k | $24.44 |
2,760 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$963.8K
$843.3K – $1.12M
NOI $67,467 @ 7.0% cap · market cap 6.43%
Second Best
Multifamily LT 5
$652.6K
$571.0K – $761.4K
NOI $45,682 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,429 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Far Rockaway
- County
- Queens
- State
- New York
- Longitude
- -73.764328
- Latitude
- 40.595508
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Solid brick 3-family with three updated units, separate utility metering, and a private driveway.
Where is this triplex located?
The property is located at 228 Beach 32 St Far Rockaway, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Solid brick 3‑family with a 3 bed / 3 bed / 2 bed unit layout across three units.; Built in 2004; full gut renovation completed in 2018 with updated systems and finishes throughout.; Utility configuration includes 4 electric meters and 3 gas meters for near‑complete tenant responsibility for utilities.
