Duplex with Finished
New
For Sale
$999,999
31-03 Mott Avenue, Far Rockaway, NY 11691
Residential, Duplex, Far Rockaway, NY
Property Size4,214 SF
Lot Size0.20 Acres
Price / SF$237.30
Days on Market1
Property Features for 31-03 Mott Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1-2
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 3
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Bayswater
Standard status
Active
Size
4,214 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6585
Building Details
Year built
1920
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
RD Realty Consultants I LLC
(718) 859-0800
Listed By:
David James
(848) 444-0113
Added: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 505126
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This detached, wood-frame duplex contains 4,214 square feet of interior space on a 0.2028-acre corner lot. The first unit has four bedrooms, two bathrooms, a living room, dining room, and kitchen. The second unit spans the upper two levels, with five bedrooms, two bathrooms, a living room, an eat-in kitchen, and a built-in bar. A finished basement adds recreational or storage space, with separate utility access. The home was built in 1920 and has a four-car private driveway.
The property is near retail, schools, the A-train subway line, and the Long Island Rail Road. The Rockaway Beach Boardwalk and Atlantic coastline are also nearby.
The property is near retail, schools, the A-train subway line, and the Long Island Rail Road. The Rockaway Beach Boardwalk and Atlantic coastline are also nearby.
Key Highlights
- Detached duplex with two units and 4,214 square feet of interior space
- 0.2028‑acre corner lot
- First unit has 4 bedrooms and 2 bathrooms; upper duplex has 5 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,748
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,960
$1.4M
Cap Rate 7%
$996,400
$996.4K
Cap Rate 9%
$774,978
$775.0K
Market Conditions
NOI Build-Up for 4,214 SF
Gross rent
$106.2K $25.20/SF
− Vacancy
−$6.6K −$1.55/SF
EGI
$99.6K $23.65/SF
− OpEx
−$29.9K −$7.09/SF
NOI
$69.7K $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%
$1,394,960
Cap Rate 7%
$996,400
Cap Rate 9%
$774,978
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,009 @ 7.0% cap · market cap 10.30%
Second Best
Multifamily LT 5
$996.4K
$871.9K – $1.16M
NOI $69,748 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$3.11M
$2.72M – $3.62M
NOI $217,463 @ 7.0% cap · market cap 21.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
179
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a four-bedroom layout and a five-bedroom upper-level duplex.
Where is this duplex located?
The property is located at 31-03 Mott Avenue Far Rockaway, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Detached duplex with two units and 4,214 square feet of interior space; 0.2028‑acre corner lot; First unit has 4 bedrooms and 2 bathrooms; upper duplex has 5 bedrooms and 2 bathrooms
