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$891,000 - $1,089,000
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Multifamily -
Off Market
1470 Egmont Place
Far Rockaway, NY 11691
6 Beds
4 Baths
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.
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 |
Show More
Property Highlights
Interior Details
Basement Information
Basement
Exterior Details
Exterior Information
Brick
Stone
Vinyl Siding
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
6
Beds
2
Baths
-
$985,000
Mar 21, 2023
$985,000
Oct 11, 2023
$450/mo
Sold
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
Sold
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
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