Duplex with Finished
New
For Sale
$899,000
2334 Oceancrest Boulevard, Far Rockaway, NY 11691
The two-family layout offers six bedrooms, gas heat, included appliances, and driveway parking.
Property Size2,116 SF
Price / SF$424.86
Days on Market4
Property Features for 2334 Oceancrest Boulevard
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
recent storm damage
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$8,058
Amenities
gas heat
boiler system
newer water heater
finished basement
Eat-in Kitchen
Formal Dining
Master Downstairs
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Granite Counters
Kitchen Island
Open Kitchen
Primary Bathroom
Storage
Washer/Dryer Hookup
Building Details
Building Size
2,116 SF
Year Built
1955
Buildings
1
Units
2
Construction
Colonial
Listing Agency:
Voro LLC
Listed By:
Charles Bianco
(516) 444-5341
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:06AM
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 Voro LLC
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Investment Insights
Based on property information with market context.
This 2,116-square-foot duplex, built in 1955, has six bedrooms and 2.5 bathrooms across two levels, with three bedrooms on each floor. The first level has 1.5 bathrooms, while the second has one full bathroom. Living and dining areas, a finished basement with an exterior entrance, gas heat, and a boiler system round out the configuration. Two electric meters, a newer water heater, and included appliances are also in place.
Driveway parking accommodates up to three cars, with additional space available for optional parking. The property is near shopping, transportation, and neighborhood amenities. Restoration work is underway for one bedroom and the affected section of the roof following storm damage.
Driveway parking accommodates up to three cars, with additional space available for optional parking. The property is near shopping, transportation, and neighborhood amenities. Restoration work is underway for one bedroom and the affected section of the roof following storm damage.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2.5 bathrooms
- 2,116 square feet; built in 1955
- Three bedrooms on each level; first floor has 1.5 bathrooms and second floor has one full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,724
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,480
$1.0M
Cap Rate 7%
$738,914
$738.9K
Cap Rate 9%
$574,711
$574.7K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$97.8K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.0K $44.44/SF
− OpEx
−$42.3K −$20.00/SF
NOI
$51.7K $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%
$1,034,480
Cap Rate 7%
$738,914
Cap Rate 9%
$574,711
Alternative Uses
Best Use
Apartment 5plus
$738.9K
$646.6K – $862.1K
NOI $51,724 @ 7.0% cap · market cap 5.75%
Second Best
Multifamily LT 5
$500.3K
$437.8K – $583.7K
NOI $35,023 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,196 @ 7.0% cap · market cap 12.15%
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
2,097
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family layout offers six bedrooms, gas heat, included appliances, and driveway parking.
Where is this duplex located?
The property is located at 2334 Oceancrest Boulevard Far Rockaway, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2.5 bathrooms; 2,116 square feet; built in 1955; Three bedrooms on each level; first floor has 1.5 bathrooms and second floor has one full bath
