234 Beach 124th Street$1,250,000
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234 Beach 124th Street
House in Rockaway All •  building info
8bd • 6ba • 4,000ft² $313 per ft²
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List Price

$1,250,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
14
Last price change
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Estimated payment
$8,503
Taxes
Monthly maintenance
N/A
Description
Welcome to this elegant 4-family brick residence, nestled in the heart of Rockaway Park's tranquil and inviting neighborhood. This property offers a dream investment opportunity and a place to call your own. Tucked away in the charming town of Rockaway Park NY, this legal 4-family home rests on a spacious 40x100 lot, providing versatility and comfort. Whether you're an investor seeking income or searching for a family home, this property is a gem with three rental units and a delightful landlord's apartment on the first floor, making it ideal for investment or comfortable family living with rental potential. Situated in a prime spot, this home is just steps away from all the fantastic amenities this vibrant neighborhood offers. You'll find yourself within easy reach of major shopping areas and a thriving community of local businesses. With the beach just a block away to the left and the bay 2 blocks to the right, you can relish the beauty of Rockaway Beach throughout the summer. Whether it's a leisurely stroll or bike ride along the boardwalk, or enjoying beach activities, Rockaway has something for everyone. From this central location, you'll have easy access to Manhattan, Brooklyn, and Staten Island. The Marine Bridge and the distant city lights create a captivating evening ambiance. This property boasts elegant brick exteriors, beautiful hardwood floors, charming stained glass details, French doors, and a cozy fireplace. The finished ceramic tiled basement with a walk-out entry adds extra convenience. The spacious 5-car driveway ensures ample parking space for residents and guests alike. The landlord's apartment on the first floor and basement features (5) bedrooms, (1) full bath, (2) 3/4 baths, a large eat-in kitchen, dining room, custom stone gas fireplace, (2) family rooms, laundry and utility room, and ample storage space. Hardwood floors and porcelain ceramic tiles add to its charm. Above the landlord's apartment, (2) separate studio rental units offer modern amenities and cozy retreats. The third floor is divided into two inviting studio apartments, perfect for comfortable living or rental income. Step into the charming backyard with its delightful outdoor kitchen, ideal for gatherings and relaxation. The spacious driveway easily accommodates at least 5 cars. BONUS- the current seller offers an assumable mortgage at 3.5%. PROPERTY CAN BE DELIVERED VACANT! Call for your private showing today.

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Building Amenities
Parking Available
History
What it'll cost
Purchase price
$1,250,000
Asking Price: $1,250,000
Term
30 Years
Down Payment
$125,000 (10%)
Min: 10% (125,000)
Rate
6.75 %
Mortgage Amount
$1,125,000
Mortgage Payment
$7,297
Taxes
$1,206
Estimated Yoreevo rebate

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Estimated closing cost
$46,000
Total monthly cost $8,503
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Listing Courtesy of ROCKAWAY PROPERTIES

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