Turnkey MultiFamily Property For Sale - Over 8% CAP
2-23 Beach 101st Street presents a compelling multifamily investment opportunity in the Far Rockaway section of Queens. This well-maintained 32-unit brick building was constructed in 2012 and offers modern construction with long-term durability. The property is fully occupied, providing immediate and stable cash flow for investors. Residents benefit from on-site parking, a valuable amenity in the area, while the building’s contemporary layout and solid condition minimize near-term capital expenditures. Ideally located near public transportation, local retail, and the Rockaway waterfront, this asset is well-positioned within a growing residential market
32 Unit Brick Building Built in 2012 with Parking
Fully Occupied
Turnkey
Total Residential Units: 32
Occupancy Rate: 100%
Multiple Tenancy
Delivered: As Is
Current CAP: 8.6%
Active
$7,750,000
223 Beach 101st St Unit 3C, Rockaway Park, NY 11694
48beds
25,000sqft
Rental Unit
Built in 2012
-- sqft lot
$1,282,900 Zestimate®
$310/sqft
$-- HOA
What's special
- 189 days
- 271
- 14
Zillow last checked:
Listing updated:
Listed by:
Tri State Commercial Realty 718-437-6100,
Shlomi Bagdadi
Source: StreetEasy,MLS#: S1812399
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 48
- Bathrooms: 48
- Full bathrooms: 48
Appliances
- Included: Washer/Dryer
- Laundry: Inside
Features
- Has fireplace: No
Interior area
- Total structure area: 25,000
- Total interior livable area: 25,000 sqft
Property
Accessibility
- Accessibility features: Wheelchair Access
Features
- Patio & porch: Other, Terrace
- Exterior features: Courtyard, Terrace
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Rental Unit
Condition
- Year built: 2012
Community & HOA
Community
- Subdivision: Rockaway All
HOA
- Has HOA: Yes
- Amenities included: Laundry, Elevator(s)
Location
- Region: Rockaway Park
Financial & listing details
- Price per square foot: $310/sqft
- Date on market: 2/24/2026
Estimated market value
$1,282,900
$885,000 - $1.86M
$3,561/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Listed for sale | $7,750,000$310/sqft |
Source: StreetEasy #S1812399 Report a problem | ||
Public tax history
Tax history is unavailable.
