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Detached Multi-Family Gem by the Beach – Spacious, Sunny & Ready to Sell Fast Here’s a rare opportunity to own a beautifully maintained detached multi-family home just blocks from the ocean. Blending flexibility, comfort, and income potential, this spacious property sits on a 4, 000 sq ft lot in the heart of Far Rockaway. With 2, 420 square feet of living space, the home is designed to accommodate a wide range of living arrangements — ideal for multi-generational households, owner-occupants seeking rental income, or investors looking for immediate returns. The top floor features two sizable bedrooms, two full bathrooms, and a dedicated laundry room. The first floor mirrors this layout with two additional bedrooms and two baths, plus an above-ground hot water tank and furnace for added independence. A fully finished basement expands the possibilities with room for recreation, storage, or flexible use. Enjoy the outdoors with a large private backyard — perfect for entertaining, relaxing, or cultivating a garden. As a fully detached residence, it offers privacy and open space that’s hard to come by in the area. Located just minutes from the shoreline, this home offers convenient access to beaches, shopping, schools, parks, and public transportation. Whether you're looking to live in one unit and lease the other, create a comfortable living environment for extended family, or invest in a strong rental market, this property delivers versatility and long-term value.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,119,200 | $1,119,200 | $1,119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $467 | $467 | $467 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,355 | $7,166 | $9,444 |
Total Monthly Payment | $6,947 | $7,758 | $10,036 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.