241 Beach 118th Street

Rockaway Park, NY 11694
$1,499,000

Description

HUGE 3 family house on a 40x100 Lot with finished basement with 6 car carport/driveway. THIS IS A CASH COW! This 3 Family house is great for the right investor or user. Also, this property is located in Rockaway Park, Queens which is only: (1) 1 block to the beach, (2) 2 blocks to the subway and great restaurants and (3) Minutes away to the NYC Ferry, which goes to NYC in minutes. All tenants have their own electric meters and pay their own utilities. Seller financing "may" be available for the right buyer. Property was recently renovated. Also, there are 4 levels to this huge house as follows: (1) First floor - has 3 Bedrooms with 2 bathrooms, (2) Second floor has 4 Bedrooms with 2 bathrooms and walk out balcony and slight ocean view, (3) Third Floor has 2 Bedrooms with 1 bathroom Basement Floor separate laundry room for tenants to share. Also, a huge backyard for lounging around or grilling. There is too much to mention, so set up an appt and come see this great CASH COW. Real estate taxes for 2023 were only $4,624, this makes it a very attractive investment. Actual 7.00% CAP and Estimated up to 8.5% CAP, call for details.

  • Interior Details
    • Heating & Cooling
      • Cooling:Ductless
      • Heating:Electric, See Remarks
  • Property Details
    • Measurements
      • Acres:0.09
    • Parking
      • Parking features:Carport, Other
      • Parking type:Carport
  • Construction Details
    • Type & Style
      • Property type:Purchase
      • Basement:1
    • Condition
      • Year built:1929
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:See Remarks
  • Community and Neighborhood Details
    • Location
      • School district:Queens 24
      • Elementary School:Call Listing Agent
      • Middle School:Call Listing Agent
      • High School:Call Listing Agent
      • County:Queens
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 499, 000
      • Taxes annual:$4, 624
  • Other
    • Source
      • MLS #:H6329525

Location

Keller Williams LandmarkAsk Vinny Thompson team
$
years

Down Payment

$
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10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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