78 Beach 2nd Street
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2022 | Sold | ||
| Sold | |||
| Aug 17, 2022 | No longer available | - | |
| No longer available | |||
| Jul 19, 2022 | Price Increased |
$699,000
↑ $49K
(7.5%) | |
| Price Increased | |||
| Jul 18, 2022 | Listed by IVEY NORTH LLC | $650,000 | |
| Listed by IVEY NORTH LLC | |||
| | |||
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This renovated early 1900's Beach House is currently configured as two large bedrooms, two full bathrooms, + a garage. The restored front porch welcomes you into the open living-dining room with a granite stainless kitchen to the rear opening onto a rear porch and the back garden for outside dining. There is a detached garage for your Electric car + bike and surfboard / Kayak / Jet ski storage. Also, an attic & crawl space for additional storage. Living here is easy. Buying this house comes with part ownership of the private Beach just 150' from the front porch! And all the amenities of living within the Village of Lawrence: Village controlled schools with a plethora of after-school programs, discounted use of the Village owned Yacht Marina, Golf & Tennis clubs, etc. A quick swim before breakfast? The eleven houses on this quiet block own the Beach! So, you can do things not allowed on public beaches! Take your dog for a swim, go fishing, or launch your Kayak off the Beach... have a beer while watching the sunset. The Solar panels on the roof generate enough electricity to run A/C 24/7 & so much more at a cost of less than $200.00 per Year! The recent updates have included all new plumbing, gas boiler, water heater, electrical wiring, + Solar Panels. The facade siding is Fibre cement: Fireproof, insect and rot proof for low maintenance. New Roof and Solar panels, windows, doors, etc., while restoring some of the original details such as the original pitch pine floors and restoring the Solid Wood paneled doors. The cast iron kitchen sink & the soaking tub upstairs are original to the house. Commuting is quick, comfortable, and easy to the city via the LIRR (guaranteed seat in the morning all the way!) to Atlantic Terminal Station, Long Island City, or Penn Station in Manhattan in less than an hour. The NYC Water Taxi to Sunset Park or South Street Seaport in less than an hour or drive (in your electric car?) to Downtown Brooklyn 30-60 minutes, depending on the time of day and traffic. The Airports: JFK + LaGuardia are both within 15-25 minutes. Located at the Far Eastern end of the Rockaways for the best of the Far Rockaway Beaches, Atlantic Beach, Long Beach, The Village of Lawrence School District, The many Golf Courses, and Race tracks. The Real Estate Taxes are LOW in an ordinarily high district. NO NYC resident's income tax, making the carrying costs extremely low in a unique location. If you want to extend the house, it is much easier than the NYC DOB! And for less than the cost of a 2BR Co-Op or Condo ... Living is easy. Welcome, Home. The manager has listed the unit size as 1320 square feet.
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| May 4, 2022 | No longer available | - | |
| No longer available | |||
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About Rockaway Peninsula
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017