See Home Value
$891,000 - $1,089,000
Multifamily - Off Market

1470 Egmont Place

Far Rockaway, NY 11691
bedrooms
6 Beds
bathrooms
4 Baths
square feet
2800 Sqft

About This Property

The subject property 80'x167' is a fully renovated 2,800 sqft multi-family home located in Far Rockaway, Queens. The home consists of 2 residential units set up 3 Bedrooms & 2 Bathrooms on both floors.   This home has been fully renovated with new plumbing, electrical, spray foam, windows, flooring, Indoor and outdoor 3 way speaker system, Smart Heat & A/C System,  and Stainless Steel appliances.   The home sits on a 13,500 sqft lot with unused development rights of 4,725 sqft. A 500 sqft garage & shed is located on the premises as well.    Prime Location: This multifamily building in Far Rockaway, Queens, presents a prime investment opportunity. Far Rockaway is well-known for its historic charm, cultural vibrancy, and it's convenient location near downtown Brooklyn and Manhattan, making it an enticing choice for residents and savvy investors alike.    Appreciation Potential: In recent years, property values in Far Rockaway have shown remarkable appreciation. Embarking on this project presents a valuable opportunity to align with the neighborhood's thriving growth and the rising demand for premium housing solutions.    Excellent Connectivity: Located in Far Rockaway, the property provides excellent connectivity to subway access, which simplifies residents' commutes to Manhattan and various Brooklyn destinations. Convenient transportation options, such as the Rockaway-Mott Av [A] Subway Station, are accessible. This factor further enhance the property's appeal, making it an attractive option for potential tenants or buyers. This prime location amplifies the property's desirability and market potential.    Proximity to Amenities: Residents and tenants will enjoy easy access to local amenities, including shops, restaurants, parks, and colleges. This property is conveniently located near Frederick Douglas Academy Vi High School (0.7 miles) and Village Academy (1 mile). You can also enjoy leisure activities at Point Breeze Place, hiking area and Bayswater Point State Park, state park. For your everyday needs, you'll find Popeyes Louisiana Kitchen, Rockaway Kosher Supermarket, Key Food Supermarkets, Friendly Pharmacy, Domino's Pizza, Dunkin, Chase Bank and the popular dining option McDonald's nearby. There's Sorrentino Recreation Center, and Beach 9th Street Playground  ready to support a healthy lifestyle. For entertainment, This property offer a well-rounded lifestyle with education, recreation, and everyday conveniences right at your doorstep, making them an attractive choice for buyers.

The manager has listed the unit size as 2800 square feet.
Unit Size
2,800Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$354
Property Type
Multifamily
Property Taxes
$586
HOA Dues
-
Year Built
1960

Price History

Date / Event Date Event Price
Jan 31, 2024 No longer available -
No longer available
Jan 20, 2024 Price Decreased $990,000
↓ $5K (0.5%)
Price Decreased
Jan 1, 2024 Price Increased $995,000
↑ $16K (1.6%)
Price Increased
Nov 22, 2023 Listed $979,000
Listed
Apr 27, 2023 Sold to 1346 Davies Llc $540,000
Sold to 1346 Davies Llc
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Property Highlights

Interior Details

Basement Information

Basement
Exterior Details

Exterior Information

Brick
Stone
Vinyl Siding


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
2 Baths
-
$985,000 Mar 21, 2023
$985,000 Oct 11, 2023
$450/mo
Multifamily
6 Beds
5 Baths
-
$735,000 Apr 18, 2023
$735,000 Aug 11, 2023
$500/mo
Multifamily
6 Beds
4 Baths
-
$860,000 Oct 23, 2020
$860,000 Jul 25, 2022
$580/mo
House
7 Beds
5 Baths
-
$930,000 May 6, 2021
$930,000 Aug 2, 2021
$661/mo
Multifamily
8 Beds
3 Baths
-
$780,000 Apr 14, 2020
$780,000 Feb 1, 2021
$439/mo
House
4 Beds
5 Baths
-
$899,000 May 12, 2022
$899,000 Sep 12, 2022
$422/mo
Multifamily
6 Beds
4 Baths
-
$899,000 Jul 27, 2023
-
$425/mo
Multifamily
6 Beds
5 Baths
-
$999,000 Dec 20, 2023
-
$556/mo
Multifamily
6 Beds
5 Baths
-
$999,999 Feb 8, 2024
-
$500/mo
Multifamily
6 Beds
5 Baths
-
$999,999 Jan 18, 2024
-
$542/mo
Multifamily
6 Beds
4 Baths
-
$899,000 Mar 25, 2024
-
$592/mo
Multifamily
6 Beds
3 Baths
-
$829,000 Apr 19, 2023
-
$292/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

14-70 Egmont Place 14-70 Egmont Place, Far Rockaway, NY 11691
  • 2 Units
  • 1 Unit for Sale
More about this Building
14-70 Egmont Place
Want to find out who owns 14-70 Egmont Place, Far Rockaway, NY 11691? Get detailed property transactions here .

About Rockaway Peninsula


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