Triplex with Wood-Burning
For Sale
$1,199,000
533 Beach 130th Street, Belle Harbor, NY 11694
Residential, Triplex, Belle Harbor, NY
Property Size2,389 SF
Lot Size0.09 Acres
Price / SF$501.88
Days on Market111
Property Features for 533 Beach 130th Street
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
A/C Unit, Dishwasher, Fireplace, Porch, Stove
Fireplace
1
Basement
Finished
Subdivision
Belle harbor
Standard status
Active
Size
2,389 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8766
Amenities
wood burning fireplace
hardwood floors
stained glass
high ceilings
ceiling fans
ductless/split units
finished basement
wrap around porch
yard
Building Details
Year built
1940
Floors in Building
2
Flooring type
Hardwood
Building materials
Block, Wood Frame
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 787-4110
Added: May 14
Changed: Aug 30
Last Checked: Sep 1 at 12:06PM
MLS# 501268
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 Queen Anne style triplex offers a spacious layout with hardwood floors, a wood-burning fireplace in the large living room, and stained-glass elements with some original detail. The home provides six bedrooms and two full baths, with ductless/split units and multiple ceiling fans for year-round comfort. The kitchen and bathrooms are described as spacious and updated, and the basement is finished for an additional family room or play room.
Set on a 0.0918-acre lot with 2,389 square feet of living area, the property includes an oversized wraparound porch and a long private driveway. A detached 2-car garage adds off-street parking convenience. Construction is reported as block with wood frame.
Built in 1940, the interior features include a porch, dishwasher, stove, and fireplace, supporting both daily living and entertaining. The location is described as on the bay block with easy access to the Rockaway Ferry, along with nearby dining, parks, beach, and local schools.
Set on a 0.0918-acre lot with 2,389 square feet of living area, the property includes an oversized wraparound porch and a long private driveway. A detached 2-car garage adds off-street parking convenience. Construction is reported as block with wood frame.
Built in 1940, the interior features include a porch, dishwasher, stove, and fireplace, supporting both daily living and entertaining. The location is described as on the bay block with easy access to the Rockaway Ferry, along with nearby dining, parks, beach, and local schools.
Key Highlights
- 6 bedrooms and 2 full baths in an R2 zoned triplex
- Wood‑burning fireplace in a large living room
- Hardwood flooring plus stained‑glass and original details
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,398
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,960
$1.2M
Cap Rate 7%
$834,257
$834.3K
Cap Rate 9%
$648,867
$648.9K
Market Conditions
NOI Build-Up for 2,389 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.4K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.2K $44.44/SF
− OpEx
−$47.8K −$20.00/SF
NOI
$58.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,960
Cap Rate 7%
$834,257
Cap Rate 9%
$648,867
Alternative Uses
Best Use
Apartment 5plus
$834.3K
$730.0K – $973.3K
NOI $58,398 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,284 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 11694, NY
19,780
Population
9,103
Households
2.2
Avg Household Size
46
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
11,635
Density / Sq Mi
$103,792
Median Household Income
$65,602
Median Earnings
$1,787
Median Rent
$839,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Triplex in R2 zoning with six bedrooms and two full baths plus a wood-burning fireplace and hardwood floors.
Where is this single family property located?
The property is located at 533 Beach 130th Street Belle Harbor, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 6 bedrooms and 2 full baths in an R2 zoned triplex; Wood‑burning fireplace in a large living room; Hardwood flooring plus stained‑glass and original details
