Cecelia Schmidt
(631) 897-6938
(631) 897-6938
BEDS0
BATHS
MLS#1014339
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 27
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/monthUnit 2 (Vacant): Approx. $2,700/monthUnit 3 (Vacant): Approx. $2,700/monthUnit 4 (Vacant): Approx. $2,700/monthPotential Gross Income: Approximately $11,700/month ($140,400/year).
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Garage: 99.9
Heating: Natural Gas
Lot Size: 0.09 Acres
Taxes: $11,678
Year Built: 1931
Amenities
First Floor Bedroom
Feature Descriptions
Building Area Total: 2187
Days on Site: 1
Exterior: Aluminum Siding
GarageY/N: Yes
On Market Date: 2026-06-16
Parcel Number: 15797-0012
Parking Features: Driveway
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Units: 4
Utilities: Natural Gas Available
Water: Public
Local Schools
High School: Epic High School North
Middle School: August Martin High School
Elementary School: Goldie Maple Academy
School District: Queens 27
Estimate Your Payment
Estimated Payment
$ 7,391.02 per month $6,067.85 Principal & Interest $973.17 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Royal Realty Group Inc
Agency Contact: 718-468-7600
Shown By
Agent Name: Cecelia Schmidt
Agent Phone: (631) 897-6938
Agency Title: Coldwell Banker American Homes
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329 Beach 29th Street | MLS# 1014339
This multi-family property located at 329 Beach 29th Street , Far Rockaway, NY 11691 is currently listed for sale with an asking price of $1,200,000. Beach 29th Street is located within the Queens 27 school district. Search Far Rockaway real estate on ceceliaschmidt.cbamhomes.com today.