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$1,375,500
List Price: $1,400,000
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318 Beach 87th Street
Townhouse in Hammels •  building info
3bd • 2ba • 3,872ft² $362 per ft²
Buy with Yoreevo

$1,375,500

List Price

$1,400,000

Key Details
Days on market
23
Last price change
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Estimated payment
$8,099/mo
Taxes
$545/mo
Maintenance
N/A
Description
This is the one youve been waiting for: Rockaways most architecturally distinctive and structurally resilient home is available now for the first time in 20 years. Meticulously maintained and masterfully designed, this one-of-a-kind residence combines striking aesthetics with thoughtful engineering. With a stunning double-height great room with 22-foot ceilings, 2 walls of oversized double windows, and a vintage Eames-era Malm wood-burning stove, its an entertainers dream and the perfect gathering place for family and friends. Upstairs, the bright and open 850 SF loft with ceilings soaring to 11 is an adaptable space that invites creative pursuits, remote work, gallery events, or enjoy it as a place to unwind. This level can easily accommodate 2 additional bedrooms while still preserving a large open space (see alternate floor plan). With an access panel already in place, pop up to the roof to enjoy the sunsets and views of Jamaica Bay and the skyline. Enjoy true indoor-outdoor living with a deck, a tranquil backyard with fragrant Japanese Lilacs and flowers, and an enclosed hot-and-cold outdoor shower. A separate, freestanding structure, currently used as a music studio, offers flexibility for a variety of uses. An additional 1,200+ SF of versatile space below the home at ground level, with a full 8 of clearance, includes an enclosed workshop, a storage shed, surfboard racks, a seasonal yoga/exercise platform, and ample storage space with endless potential for customization. Beyond the homes unique size, scale, and aesthetics, its engineered to meet the future head-on. Strategically raised 9 feet above grade, reinforced with steel and concrete, galvanized steel siding, 200 mph-rated double-pane windows, and a commercial-grade fire suppression system, this home offers unmatched durability and low-maintenance design. With 800 SF of additional FAR (buildable space - please consult your architect), this home also presents a rare opportunity for further expansion, future-proofing your investment in every way. Situated on one of Rockaway Beachs most desirable blocks and just moments from the ocean, Jamaica Bay, Wall Street Ferry, and neighborhood favorites like the Rockaway Beach Surf Club, Bungalow Bar, and the Rockaway Hotel, this property offers an unmatched living experience. There is nothing else like it.

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Important Stuff
Washer/Dryer in unit
Home features
Dishwasher
Fireplace
Hardwood floors
Storage Available
Building amenities
Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$1,400,000
Asking Price: $1,400,000
Term
30 Years
Down Payment
$140,000 (10%)
Min: 10% (140,000)
Rate
6.0 %
Mortgage Amount
$1,260,000
Mortgage Payment
$7,554
Taxes
$545
Estimated Yoreevo rebate
$24,500
Estimated closing cost
$51,000
Total monthly cost $8,099
Buy your dream home with us and get an estimated $24,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

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