Amazing investment opportunity with 4 units of rental income with a net operating income of $112,950 ($136,692 in rental income & $23,742 in expenses). One of the greatest features of this building is 3 separate heating systems, 3 gas meters, and 3 electric meters so owner has zero utility expenses! The first floor of this 4,800 square foot building is a large well kept doctors office with a waiting room, a receptionist room, 5 possible exam rooms, and a half bathroom. Also on the first floor is a medical laboratory with its own separate entrance, a waiting room, an exam room, and a half bath. On the 2nd floor are two, 2 bedroom apartments both in mint condition. There is parking for at least 6 cars in the front while there is also two private driveways on each side of the building. There is also a large well kept backyard.
Sold for $750,000
$750,000
11-24 Foam Pl, Far Rockaway, NY 11691
4beds
4,800sqft
MultiFamily
Built in 2008
-- sqft lot
$1,309,400 Zestimate®
$156/sqft
$4,153 Estimated rent
Home value
$1,309,400
$1.15M - $1.48M
$4,153/mo
Zestimate® history
Owner options
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$4,153/mo
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$4,153/mo
Rent Zestimate®
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$4,548/mo
Est. payment
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$4,548/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Interior area
- Total interior livable area: 4,800 sqft
Property
Lot
- Size: 5,650 Square Feet
Details
- Parcel number: 155450010
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 2008
Community & HOA
Location
- Region: Far Rockaway
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $1,164,000
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $750,000-53.1%$156/sqft |
Source: Public Record Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 9/20/2023 | Listed for sale | $1,600,000+80%$333/sqft |
Source: StreetEasy Report a problem | ||
| 2/9/2018 | Listing removed | $3,750$1/sqft |
Source: Signature Premier Properties #2919638 Report a problem | ||
| 11/23/2017 | Listed for rent | $3,750$1/sqft |
Source: Signature Premier Properties #2919638 Report a problem | ||
| 10/13/2017 | Listing removed | $3,750$1/sqft |
Source: Signature Premier Properties #2919638 Report a problem | ||
| 3/9/2017 | Listed for rent | $3,750$1/sqft |
Source: Exit Links Realty #2919638 Report a problem | ||
| 1/2/2017 | Listing removed | $889,000$185/sqft |
Source: EXIT LINKS REALTY #2811789 Report a problem | ||
| 10/13/2016 | Listed for sale | $889,000$185/sqft |
Source: EXIT LINKS REALTY #2811789 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $523,800 +15.1% |
| 2024 | -- | $454,950 +5.4% |
| 2023 | -- | $431,550 +3.8% |
| 2022 | -- | $415,800 +25% |
| 2021 | -- | $332,550 -9% |
| 2020 | $16,766 +0% | $365,400 -1.6% |
| 2019 | $16,765 +2.1% | $371,250 +185% |
| 2018 | $16,427 +7.1% | $130,246 +8% |
| 2017 | $15,339 +6.6% | $120,599 +8% |
| 2016 | $14,386 | $111,667 +8% |
| 2015 | $14,386 +53.9% | $103,396 |
| 2014 | $9,346 | $103,396 +863.8% |
| 2009 | -- | $10,728 |
Find assessor info on the county website
Neighborhood: Far Rockaway
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Nearby schools
GreatSchools rating
- 3/10Randolph Holder School of Social Justice (The)Grades: PK-5Distance: 0.2 mi
- 5/10Ms 53 Brian PiccoloGrades: 6-8Distance: 0.1 mi
- 2/10Frederick Douglas Academy Vi High SchoolGrades: 9-12Distance: 0.7 mi
- New York
- Queens County
- New York
- 11691
- Queens
- Far Rockaway
- 11-24 Foam Pl