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228 Beach 32nd St
Far Rockaway, NY 11691 Far Rockaway

$2,100,000 USD

Multifamily For Sale  •  2,760 SF

Property Details

• Property Type Multifamily
• Total Building Size 5,520 SF
• Lot Size 0.08 AC
• Year Built 2004
• Cap Rate 9.35 %
• Zoning R5

60 Transit Score

70 Walk Score

Highlights

FULL BRICK YOUNG CONSTRUCTION

Individual Electric & Gas Meters!

Adjacent Properties!

Private Driveways!

Financial Summary (Actual)

Net Operating Income: $196,342 USD (2025)

Cap Rate:	9.35 %
Total Expenses:	$34,634 USD

Amenities

• Yard
• Lawn

Public Transportation

Commuter Rail	Drive	Walk	Distance
Far Rockaway Station (Far Rockaway Branch - Long Island Rail Road)	4 min	-	1.5 mi
Inwood Station (Far Rockaway Branch - Long Island Rail Road)	4 min	-	2.6 mi
Transit/Subway	Drive	Walk	Distance
Beach 36 Street (A - New York MTA Subway (The Subway))	0 min	4 min	0.2 mi
Beach 25 Street (A - New York MTA Subway (The Subway))	1 min	8 min	0.4 mi
Beach 44 Street (A - New York MTA Subway (The Subway))	1 min	13 min	0.7 mi
Far Rockaway-Mott Avenue (A - New York MTA Subway (The Subway))	3 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
John F Kennedy International	21 min	-	11.2 mi
LaGuardia	30 min	-	17.0 mi
Newark Liberty International	57 min	-	36.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes