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$ 1,800,000
Est. payment | /mo
5 Baths
3,750 SqFt
$ 1,800,000
Est. payment | /mo
5 Baths
3,750 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $480
MLS Listing ID 503683
Style Other
Full Baths 4
Half Baths 1
Annual Tax Amount $14,828
Property Sub-Type Multi-Family
Property Description
Rare Multi-Family Investment Opportunity or Owner Oasis on the Beach Block. Welcome to 175 Beach 113th Street, a exceptional four-unit property situated just steps from the ocean and iconic Rockaway Boardwalk. Combining luxury coastal living with top-tier investment potential, this fully optimized multi-family residence offers an unbeatable opportunity for end-users and savvy investors alike. The Residences:First Floor (Owners) A spacious, custom-designed 2 Bedroom, 2.5 Bathroom luxury layout. Perfect for an owner-occupant seeking high-end finishes, ideal entertaining space, and beachside comfort or as a high-earning premium rental.
Second Floor (Two Units): Two 1 Bedroom, 1 Bathroom apartments designed for low-turnover, maximum yield, and steady, reliable cash flow. Third Floor (Penthouse Unit): A sun-drenched 2 Bedroom, 1 Bathroom penthouse featuring dramatic high ceilings, airy coastal architecture, and serene ocean views. Highlights & Utility Configuration Custom Interior Finishes: All four residences feature high-end stone countertops, updated cabinetry, and fine craftsmanship throughout. Entire building is sheeted with 3/4 plywood and spray insulated from the inside. All windows are Marvin double hung with custom wood window boxes. All tenant apartments have A/C sleeves trimmed to finish. All bathrooms have full tile tubs and plate glass shower doors. .Turnkey Utility Separation: Designed for effortless property management with 5 Electric Meters and 4 Gas Meters, keeping operational costs transparent and minimal.
Second Floor (Two Units): Two 1 Bedroom, 1 Bathroom apartments designed for low-turnover, maximum yield, and steady, reliable cash flow. Third Floor (Penthouse Unit): A sun-drenched 2 Bedroom, 1 Bathroom penthouse featuring dramatic high ceilings, airy coastal architecture, and serene ocean views. Highlights & Utility Configuration Custom Interior Finishes: All four residences feature high-end stone countertops, updated cabinetry, and fine craftsmanship throughout. Entire building is sheeted with 3/4 plywood and spray insulated from the inside. All windows are Marvin double hung with custom wood window boxes. All tenant apartments have A/C sleeves trimmed to finish. All bathrooms have full tile tubs and plate glass shower doors. .Turnkey Utility Separation: Designed for effortless property management with 5 Electric Meters and 4 Gas Meters, keeping operational costs transparent and minimal.
Location
State NY
County Queens
Area Rockaway Park
Zoning R5A
Rooms
Basement Walk-in
Interior
Hot Water Gas
Heating Gas
Flooring Carpeting, Ceramic
Heat Source Gas
Exterior
Exterior Feature Vinyl Siding
Amenities Available NONE
Roof Type Shingle
Handicap Access No
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Elite