188 Beach 123rd St - Apartments FOR SALE


Rockaway Park, NY 11694
$2,579,999 USD
718-974-2202
188 Beach 123rd St, Rockaway Park, NY for Sale
$2,579,999 USD
Apartments - FOR SALE
1/48
null | Request Cap Rate

188 Beach 123rd St
Rockaway Park, NY 11694


OVERVIEW

Welcome to Belle Harbor, one of Rockaway Beach’s sought-after neighborhoods. Perfectly positioned on a quiet beach block just steps from the sand and surf, this six-unit multifamily property offers both charm and investment potential. Converted to a 6 family in the late 80's. This property features a mix of three 2-bedroom apartments, two 1-bedroom apartments, and one studio, creating a balanced layout that appeals to both long-term tenants and short-term rental strategies. The partially finished basement includes an outside separate entrance (OSE), laundry area, storage space, and a bonus room, offering added functionality for tenants or management use. Outdoors, enjoy a beautiful backyard complete with an outdoor shower—perfect for beach days, along with a detached garage and double driveway. In Belle Harbor, parking is an invaluable amenity, and this property provides ample space for residents and guests alike. Rockaway Beach is experiencing continuous growth with new residential developments, restaurants, and easy access to the NYC Ferry. Whether you’re looking to expand your portfolio or secure a stable income-producing property, this six-family home delivers the ideal blend of location, reliability, and upside potential. Property is currently being used as 4 units that are air bnb and 2 are occupied by family. Property will be delivered vacant.

FOR SALE DETAILS

PRICE

$2,579,999 USD

PRICE/SF

$849 USD /SF

# OF UNITS

6

PRICE/UNIT

$430,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

R3X

APN/PARCEL ID

16232-0083

ASK ABOUT THIS PROPERTY

Sara WigleKeller Williams Realty LibertyMore Info
718-974-2202

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Sara WigleKeller Williams Realty LibertyMore Info
718-974-2202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.