Oceanfront Condominium with Private
91-16 Shore Front Parkway 5D, Queens, NY 11693
For Sale
$775,000
The residence combines ocean, Jamaica Bay, and New York City skyline views with a private outdoor balcony.
Property Size1,125 SF
Price / SF$688.89
Days on Market27
Property Features for 91-16 Shore Front Parkway 5D
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
common courtyard
community room
washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Kristin M Obrien
(917) 309-4246
Source:
Howardhannanyc
Added: Oct 14
Changed: Nov 9
Last Checked: Nov 8 at 4:19PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
Set on the fifth floor of The Beach House, this 1,125-square-foot condominium has two bedrooms and two full bathrooms. The living room opens to a private balcony, while a separate dining area connects to an open kitchen with an island, stone counters, modern cabinetry, and stainless-steel appliances. The home also includes in-unit laundry, oversized bedroom windows, and closets. The building was completed in 2005 and offers a shared courtyard and community room.
The property is at 91-16 Shore Front Parkway in Rockaway Beach, with views of the Atlantic Ocean, Jamaica Bay, and the New York City skyline. The beach, boardwalk, restaurants, shops, and public transportation are among the nearby amenities.
The property is at 91-16 Shore Front Parkway in Rockaway Beach, with views of the Atlantic Ocean, Jamaica Bay, and the New York City skyline. The beach, boardwalk, restaurants, shops, and public transportation are among the nearby amenities.
Key Highlights
- 1,125‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Private balcony with views of the ocean, Jamaica Bay, and the New York City skyline
- Open kitchen includes an island, stone counters, modern cabinetry, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,500
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,000
$550.0K
Cap Rate 7%
$392,857
$392.9K
Cap Rate 9%
$305,556
$305.6K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$52.0K $46.20/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$50.0K $44.44/SF
− OpEx
−$22.5K −$20.00/SF
NOI
$27.5K $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%
$550,000
Cap Rate 7%
$392,857
Cap Rate 9%
$305,556
Alternative Uses
Best Use
Apartment 5plus
$392.9K
$343.8K – $458.3K
NOI $27,500 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$829.4K
$725.7K – $967.6K
NOI $58,055 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
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
$473,200
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines ocean, Jamaica Bay, and New York City skyline views with a private outdoor balcony.
Where is this residential income property located?
The property is located at 91-16 Shore Front Parkway 5D Queens, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,125‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Private balcony with views of the ocean, Jamaica Bay, and the New York City skyline; Open kitchen includes an island, stone counters, modern cabinetry, and stainless‑steel appliances
