Skip to main content
Back to Search Results
|

308 Beach 86th Street, Far Rockaway, NY 11693

Show All 20 Photos
For Sale

$1,225,000

8 beds • 3 baths • 2,727 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $449.21
    Price per square foot

  • 11-20 Years Old
    Age

  • Basement
    Rooms

Explore this Property

This meticulously upgraded property features two spacious 3-bedroom, 1-bath units and a stylish 2-bedroom, 1-bath apartment currently rented for $2,850, with tenants covering their own utilities. With projected rents of $3,877 for each 3-bedroom unit, this property delivers a strong cap rate of approximately 9.15% based on a purchase price of $1,225,000 an exceptional opportunity for investors seeking solid cash flow and long-term growth. Inside, discover high-end finishes throughout, while a large partially finished basement offers additional space for storage or future customization. Beyond your doorstep, embrace a lively coastal lifestyle with popular local spots like Cuisine by Claudette, the Rockaway Beach Surf Club for cocktails and bites, and shopping along Rockaway Beach Boulevard. Commuting is seamless thanks to nearby A train service and the NYC Ferry, whisking you to Manhattan or Brooklyn in no time. Whether you re an investor seeking impressive returns or looking to live steps from the beach while generating income, 308 Beach 86th Street offers the perfect blend of luxury, location, and lucrative potential! Projected Annual Income: Two 3-bed units @ $3,877 each ($3,877 x 2 x 12 = $93,048) One 2-bed unit @ $2,850 ($2,850 x 12 = $34,200) Total Annual Income = $127,248 Annual Expenses: Property Taxes = $6,629 Insurance = $3,500 Water, Electric, Misc. = $5,000 Total Annual Expenses = $15,129 Net Operating Income (NOI): $127,248 - $15,129 = $112,119 Cap Rate: $112,119 ÷ $1,225,000 = 9.15%
MLS# 883404

Courtesy Of InstaHomes Realty LLC

(718) 709-9009

Property Features

  • Age
    11-20 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Baseboard
  • Lot Size
    0.1 Acres
  • Rooms
    Basement

Map and Directions

Directions to 308 Beach 86th Street, Far Rockaway, NY 11693

Home seller CENTURY 21 Amiable Realty Group II

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Amiable Realty Group II

(718) 835-4700
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading