329 Beach 29th ST, Far Rockaway, NY 11691
329 Beach 29th ST, Far Rockaway, NY 11691
329 Beach 29th ST, Far Rockaway, NY 11691
329 Beach 29th ST, Far Rockaway, NY 11691
329 Beach 29th ST, Far Rockaway, NY 11691
329 Beach 29th ST, Far Rockaway, NY 11691
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$ 1,200,000
Est. payment | /mo

3,798 Sqft Lot


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$ 1,200,000
Est. payment | /mo
Save

3,798 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1014339

Rental Info No

Year Built 1931

Annual Tax Amount $11,678

Lot Size 3,798 Sqft

Acres 0.0872

Property Sub-Type Triplex

Source onekey2

Property Description

Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied.

The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach.

Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection.
Projected Gross Rent Roll:

Unit 1 (Occupied): $3,600/month
Unit 2 (Vacant): Approx. $2,700/month
Unit 3 (Vacant): Approx. $2,700/month
Unit 4 (Vacant): Approx. $2,700/month

Potential Gross Income: Approximately $11,700/month ($140,400/year).

Location

State NY

County Queens

Rooms

Basement Full

Interior

Interior Features First Floor Bedroom

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Garage Spaces 240.0

Utilities Available Natural Gas Available

Garage true

Building

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

Schools

Elementary Schools Goldie Maple Academy

Middle Schools August Martin High School

High Schools Queens 27

School District Queens 27

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Royal Realty Group Inc • Hanan Sheleg
Nearby Locations
Raja Tayeb

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 605-7718

raja.teamfit@gmail.com

1 Old Country Rd, Carle Place, New York, 11514, USA

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329 Beach 29th ST