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
$1,225,000
  • 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:$1,225,000
  • Price per sq. ft.:$449.21

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

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Home facts

  • Year built:2005
  • Listing ID #:883404
  • Added:88 day(s) ago
  • Updated:September 25, 2025 at 01:28 PM

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:$1,225,000
  • Price per sq. ft.:$449.21
  • Tax amount:$6,629 (2024)
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