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329 Beach 29th Street

Far Rockaway, NY 11691
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Bed --

Bed

Bath 0

Bath

Acres0.09

Acre(Lot)

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 off set expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection. Projected Gross Rent Roll: Unit 1 (Occupied): $3,600/month Unit 2 (Vacant): Approx. $2,700/month Unit 3 (Vacant): Approx. $2,700/month Unit 4 (Vacant): Approx. $2,700/month Potential Gross Income: Approximately $11,700/month ($140,400/year).

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 85011059

MLS Id : 1014339

Lot Size : 0.09 Acre

Year Built : 1931

Garage : 240

County : Queens

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Feature Features

  • Room Information

    Basement: Full
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Cooling: None

  • Building Information

    Year Built: 1931 Building Area Total: 2187 Construction Materials: Aluminum Siding Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0872 Lot Size Square Feet: 3800

  • Listing Price Information

    Listing Price: $1200000

  • Tax Information

    Parcel Number: 15797-0012 Annual Tax: $11678.88

  • Parking Information

    Driveway

    Garage Information

    Has Garage: Yes Garage Space: 240

  • School Information

    Elementary School: Goldie Maple Academy
    Junior High School: August Martin High School
    Senior High School: Epic High School North
  • Utility Information

    Natural Gas Available
  • Location Information

    WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/17/2026 @ 09:56

MLS: 1014339 LISTED BY: Hanan Sheleg, Royal Realty Group Inc 718-468-7600 SOURCE: OneKey MLS

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