Beach 119 Street
Rockaway Park, Queens, NY
$1,399,000 Price
6 Bedrooms  

TURN-KEY INVESTOR'S DREAM – LEGAL 4-FAMILY BEACH BLOCK HOME! A rare and lucrative opportunity to own a fully renovated, income-generating 4-family property just steps from the beach! This multi-family home is completely turn-key and ready for occupancy, making it an ideal investment with a high 7.1% cap rate....

TURN-KEY INVESTOR'S DREAM – LEGAL 4-FAMILY BEACH BLOCK HOME! A rare and lucrative opportunity to own a fully renovated, income-generating 4-family property just steps from the beach! This multi-family home is completely turn-key and ready for occupancy, making it an ideal investment with a high 7.1% cap rate. All the work has been done including new mechanicals comprised of 2 HVAC systems, ductless mini splits, blown in insulation, all new electric and plumbing, beautiful new kitchens and renovated bathrooms, hardwood and tile flooring. Apartments are a 3 bedroom, 2 bedroom, 1 bedroom and a studio with tenants paying their own electric and gas heating. Parking for 4 cars. The basement is massive and features new egress windows, offering potential for additional living or rental space under the City of Yes initiative. This property is guaranteed to produce income with 4 leases, three of which are pending and one long term tenant secured. Located steps from the sandy beach, boardwalk, shops, and transportation, ensuring strong rental demand year-round.

Listing courtesy of Rockaway Properties

Calculate your Payments

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Total Monthly Payment:

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Rockaway Park, Queens, NY
Type:
Price: $1,399,000
Last Updated: 4/12/2025
Web ID: 840846

Info & Amenities

Bedrooms: 6
Bathrooms: 4.0
Built: 1929