Large Two-Family Home Near
For Sale
$729,000
Pending
304 Beach 89th St, Queens, NY 11693
Two-family home near the bay and ocean in Rockaway Park.
Property Size3,823 SF
Lot Size0.11 Acres
Days on Market327
Property Features for 304 Beach 89th St
General Information
Standard status
Pending
Size
3,823 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,046
Building Details
Building Size
3,823 SF
Year Built
1990
Stories
2
Listing Agency:
Doreen Greenwood Inc.
Listed By:
Charles Greenwood · License #GREES259
(718) 769-4448
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 17
Last Checked: Oct 20 at 8:17PM
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 Doreen Greenwood Inc.
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Investment Insights
Based on property information with market context.
This large two-family home, situated on a quiet street, presents an investment opportunity in Rockaway Park. The property features an attached garage and is located one block from the bay and three blocks from the boardwalk and oceanfront beach. Its location offers convenient access to various dining options and mass transit, including the MTA A and S train. This property may appeal to investors or those seeking a multi-family residence.
Key Highlights
- Prime location: One block from the bay and three blocks from the Boardwalk and Ocean Front Beach.
- Large 2‑family home, ideal for multi‑family investment or owner occupancy.**
- Owner financing available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,277
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,540
$1.3M
Cap Rate 7%
$903,957
$904.0K
Cap Rate 9%
$703,078
$703.1K
Market Conditions
NOI Build-Up for 3,823 SF
Gross rent
$96.3K $25.20/SF
− Vacancy
−$5.9K −$1.55/SF
EGI
$90.4K $23.65/SF
− OpEx
−$27.1K −$7.09/SF
NOI
$63.3K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,540
Cap Rate 7%
$903,957
Cap Rate 9%
$703,078
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,451 @ 7.0% cap · market cap 12.82%
Second Best
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,277 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,285 @ 7.0% cap · market cap 27.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 11693, NY
12,467
Population
5,850
Households
2.1
Avg Household Size
42
Median Age
36%
College-Educated
84%
High-School Grad
1.0 sq mi
ZIP Area
12,467
Density / Sq Mi
$67,829
Median Household Income
$47,632
Median Earnings
$1,198
Median Rent
$473,200
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 - Two-family home near the bay and ocean in Rockaway Park.
Where is this duplex located?
The property is located at 304 Beach 89th St Queens, NY.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Prime location: **One block from the bay and three blocks from the Boardwalk and Ocean Front Beach.**; Large 2‑family home, ideal for multi‑family investment or owner occupancy.**; Owner financing available.
