308 Beach 86th Street, Far Rockaway, NY 11693

Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
308 Beach 86th Street,Far Rockaway, NY 11693
$1,199,999
  • 8 Beds
  • 3 Baths
  • 2,727 sq. ft.
  • Multi-family
  • Active
Listed by: carlos a. gaviria
Office: instahomes realty llc.
MLS#:883404
Source:OneKey MLS

Price summary

  • Price:$1,199,999
  • Price per sq. ft.:$440.04

About this home

This meticulously upgraded property features two spacious 3-bedroom, 1-bath units and a stylish 2-bedroom, 1-bath apartment currently rented for $2,850, with tenants covering their own utilities. With projected rents of $3,877 for each 3-bedroom unit, this property delivers a strong cap rate of approximately 9.15% based on a purchase price of $1,225,000—an exceptional opportunity for investors seeking solid cash flow and long-term growth. Inside, discover high-end finishes throughout, while a large partially finished basement offers additional space for storage or future customization. Beyond your doorstep, embrace a lively coastal lifestyle with popular local spots like Cuisine by Claudette, the Rockaway Beach Surf Club for cocktails and bites, and shopping along Rockaway Beach Boulevard. Commuting is seamless thanks to nearby A train service and the NYC Ferry, whisking you to Manhattan or Brooklyn in no time. Whether you’re an investor seeking impressive returns or looking to live

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:2005
  • Listing ID #:883404
  • Added:138 day(s) ago
  • Updated:November 15, 2025 at 11:44 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,727 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:2005
  • Building area:2,727 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,999
  • Price per sq. ft.:$440.04
  • Tax amount:$6,629 (2024)
Copyright 2025 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID <lastMLSCheckTimestamp>. OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

New listings near 308 Beach 86th Street