Buy with Yoreevo
$1,301,812
List Price: $1,325,000
Share Listing
Save Listing

318 Beach 87th Street

Townhouse in Hammels •  building info
3bd • 2ba • 3,872ft² $342 per ft²
Buy with Yoreevo

$1,301,812

List Price

$1,325,000

Key Details
Days on market
97
Last price change
loading...
Estimated payment
$7,696/mo
Taxes
$546/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. Masterfully designed and meticulously maintained, this one-of-a-kind residence combines striking aesthetics with thoughtful engineering. With a stunning double-height great room with 22-foot ceilings, walls of oversized double windows, and a vintage Malm Eames-era 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, tranquil backyard with fragrant Japanese lilacs, 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. The property also presents a rare opportunity for further expansion, future-proofing your investment with 800 SF of additional FAR (buildable space - please consult your architect). Situated on one of Rockaway Beachs most desirable blocks and just moments from the ocean, Wall Street Ferry, Jamaica Bay, newly opened Bay Breeze Park, 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.

Hide full description

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
$1,325,000
Asking Price: $1,325,000
Term
30 Years
Down Payment
$132,000 (10%)
Min: 10% (132,000)
Rate
6.0 %
Mortgage Amount
$1,192,500
Mortgage Payment
$7,150
Taxes
$546
Estimated Yoreevo rebate
$23,188
Estimated closing cost
$48,000
Total monthly cost $7,696
Buy your dream home with us and get an estimated
$23,188 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.