Three-Level Duplex with Solar
For Sale
$925,000
325 Beach 42nd Street, Far Rockaway, NY 11691
A private driveway and roof-mounted solar panels add practical features to this two-family residence.
Property Size2,460 SF
Price / SF$376.02
Days on Market8
Property Features for 325 Beach 42nd Street
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,449
Amenities
laundry room
solar panels
Primary Bathroom
Building Details
Building Size
2,460 SF
Year Built
2006
Stories
3
Units
3
Listing Agency:
Success King Realty
Listed By:
Nelly Salazar
(718) 760-5464
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 4:04AM
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 Success King Realty
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Investment Insights
Based on property information with market context.
Built in 2006, this two-family residence spans three levels. The first floor has two bedrooms, a living and dining room, an open-concept kitchen, and two full bathrooms. The upper floors provide another living and dining room, an open-concept kitchen area, three bedrooms, two full bathrooms, and a laundry room.
A staircase reaches the roof, where solar panels are installed and an exit was added two years ago. The property also has a private driveway.
A staircase reaches the roof, where solar panels are installed and an exit was added two years ago. The property also has a private driveway.
Key Highlights
- Two‑family property built in 2006
- Three levels with five bedrooms and four full bathrooms
- Living and dining rooms on the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,133
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,660
$1.2M
Cap Rate 7%
$859,043
$859.0K
Cap Rate 9%
$668,144
$668.1K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$113.7K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$109.3K $44.44/SF
− OpEx
−$49.2K −$20.00/SF
NOI
$60.1K $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%
$1,202,660
Cap Rate 7%
$859,043
Cap Rate 9%
$668,144
Alternative Uses
Best Use
Apartment 5plus
$859.0K
$751.7K – $1.00M
NOI $60,133 @ 7.0% cap · market cap 6.50%
Second Best
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,948 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
388
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 - A private driveway and roof-mounted solar panels add practical features to this two-family residence.
Where is this duplex located?
The property is located at 325 Beach 42nd Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑family property built in 2006; Three levels with five bedrooms and four full bathrooms; Living and dining rooms on the first and second floors
