329 Beach 29th Street, Far Rockaway, NY 11691

• 2,187 sqft

Property Description

Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied. The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach. Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection. Projected Gross Rent Roll: Unit 1 (Occupied): $3,600/month Unit 2 (Vacant): Approx. $2,700/month Unit 3 (Vacant): Approx. $2,700/month Unit 4 (Vacant): Approx. $2,700/month Potential Gross Income: Approximately $11,700/month ($140,400/year).

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 4:21PM

Listing Office:

Royal Realty Group Inc : 718-468-7600

MLS ID:

1014339

Interior

• General: First Floor Bedroom
• Basement: Full
• A/C: None
• Heating: Natural Gas

Exterior

• Parking: Driveway

Location

• Originating MLS: onekey2
• School District: Queens 27
• County: Queens

Lot

• Zoning: 15797-0012

Utilities

• Utilities: Natural Gas Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2