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157 Beach 119 Street, 
Rockaway Park, NY 11694

$1,399,000


6

Beds


4

Baths


2,576

Sq Ft


Multi-Family

Active

Listed by

Barbara Ferguson

Rockaway Properties

Last updated:

April 28, 2025, 05:41 PM

MLS#

840846

Source:

LI

About This Home

157 Beach 119 Street

TURN-KEY INVESTOR'S DREAM – LEGAL 4-FAMILY BEACH BLOCK HOME! A rare and lucrative opportunity to own a fully renovated, income-generating 4-family property just steps from the beach! This multi-family home is completely turn-key and ready for occupancy, making it an ideal investment with a high 7.1% cap rate. All the work has been done including new mechanicals comprised of 2 HVAC systems, ductless mini splits, blown in insulation, all new electric and plumbing, beautiful new kitchens and renovated bathrooms, hardwood and tile flooring. Apartments are a 3 bedroom, 2 bedroom, 1 bedroom and a studio with tenants paying their own electric and gas heating. Parking for 4 cars. The basement is massive and features new egress windows, offering potential for additional living or rental space under the City of Yes initiative. This property is guaranteed to produce income with 4 leases, three of which are pending and one long term tenant secured. Located steps from the sandy beach, boardwalk, shops, and transportation, ensuring strong rental demand year-round.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1929

Price Summary

1,399,000

$543 per Sq. Ft.

MLS #:

840846

Last Updated:

April 28, 2025, 05:41 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Building Area:

2,576 Sq. Ft.

Year Built:

1929


Lot

Lot Size (Sq. Ft):

3,000


Finances & Disclosures

Finances

Price:

$1,399,000

Price per Sq. Ft:

$543 per Sq. Ft.

Source:LI
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.