Two-Unit Duplex with
New
For Sale
$999,000
2437 Beach Channel Drive, Far Rockaway, NY 11691
Residential Income, Far Rockaway, NY
Property Size2,484 SF
Lot Size0.07 Acres
Price / SF$402.17
Days on Market3
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 2437 Beach Channel Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Basement, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 5
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, Open Kitchen, Master Downstairs
Basement
Full, Finished
Elementary school
Wave Preparatory Elementary School
Middle school
Village Academy
High school
Contact Agent
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Contact Agent
Standard status
Active
APN
15758-0016
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9584
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
finished basement
Building Details
Year built
2021
Number of units
2
Building materials
Frame
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 15 at 6:06PM
MLS# 1060593
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this frame duplex contains two residential units with a combined 6 bedrooms and 5 full bathrooms. The property includes approximately 2,484 square feet of living space, a fully finished basement, and a garage. Interior features include an open kitchen and a first-floor bedroom.
The 3,087-square-foot lot is in Far Rockaway, with shopping, schools, restaurants, and public transportation nearby. Public water and sewer serve the property.
The 3,087-square-foot lot is in Far Rockaway, with shopping, schools, restaurants, and public transportation nearby. Public water and sewer serve the property.
Key Highlights
- Two residential units with 6 bedrooms and 5 full bathrooms
- Built in 2021
- Approximately 2,484 sq. ft. of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,720
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,400
$1.2M
Cap Rate 7%
$867,429
$867.4K
Cap Rate 9%
$674,667
$674.7K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$114.8K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$110.4K $44.44/SF
− OpEx
−$49.7K −$20.00/SF
NOI
$60.7K $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%
$1,214,400
Cap Rate 7%
$867,429
Cap Rate 9%
$674,667
Alternative Uses
Best Use
Apartment 5plus
$867.4K
$759.0K – $1.01M
NOI $60,720 @ 7.0% cap · market cap 6.08%
Second Best
Multifamily LT 5
$587.3K
$513.9K – $685.2K
NOI $41,114 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,186 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,859
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement and garage complement the home's two-unit residential layout.
Where is this duplex located?
The property is located at 2437 Beach Channel Drive Far Rockaway, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two residential units with 6 bedrooms and 5 full bathrooms; Built in 2021; Approximately 2,484 sq. ft. of living space
