#885680, Listing office: New Home Mega Management Corp
Property details
About 308 Bch 86th St
This meticulously upgraded property features two spacious 3-bedroom, 1-bath units and a stylish 2-bedroom, 1-bath apartment currently rented for $2,850, with tenants covering their own utilities. With projected rents of $3,877 for each 3-bedroom unit, this property delivers a strong cap rate of approximately 9.15% based on a purchase price of $1,225,000—an exceptional opportunity for investors seeking solid cash flow and long-term growth. Inside, discover high-end finishes throughout, while a large partially finished basement offers additional space for storage or future customization. Beyond your doorstep, embrace a lively coastal lifestyle with popular local spots like Cuisine by Claudette, the Rockaway Beach Surf Club for cocktails and bites, and shopping along Rockaway Beach Boulevard. Commuting is seamless thanks to nearby A train service and the NYC Ferry, whisking you to Manhattan or Brooklyn in no time. Whether you’re an investor seeking impressive returns or looking to live steps from the beach while generating income, 308 Beach 86th Street offers the perfect blend of luxury, location, and lucrative potential! Projected Annual Income: Two 3-bed units @ $3,877 each ($3,877 x 2 x 12 = $93,048) One 2-bed unit @ $2,850 ($2,850 x 12 = $34,200) Total Annual Income = $127,248 Annual Expenses: Property Taxes = $6,629 Insurance = $3,500 Water, Electric, Misc. = $5,000 Total Annual Expenses = $15,129 Net Operating Income (NOI): $127,248 - $15,129 = $112,119 Cap Rate: $112,119 ÷ $1,225,000 = 9.15%
Highlights
Home typeTriplex
HeatingBaseboard
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Lot size0.0999 Acres
Year built2005
MLS #883404
Summary
- Full Bathrooms: 3
- Basement: Yes
- Interior: Open Floorplan
- Total Bedroom Count: 8
- Heating: Baseboard
- Cooling: Wall/Window Unit(s)
- List Price: $1,225,000
- Year Built: 2005
- Lot Size: 0.0999 Acres
- MLS Number: 883404
- MLS Name: ONEKEY2
- Office Name: Instahomes Realty LLC
- Office Phone: (516) 965-4996
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Last updated on: 8/1/2025, 4:41:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
Lighthouse Elementary School
Public District PK-5
2.4 mi
•180 Beach 35th St
5
P.S. 104 The Bays Water School
Public District PK-5
2.8 mi
•2601 Mott Ave
9
Wave Preparatory Elementary School
Public District PK-5
2.9 mi
•535 Briar Pl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,098. The most common annual income of people living in Far Rockaway, NY is between $100k-200k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
31%
<35k
32%
35k-100k
34%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
24%
Single, with Kids
18%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Pro Boxing
Where do the neighbors shop?
Forever 21
Express/Express For Men
Burlington
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Popeyes
What do the neighbors drive?
Mazda
Volkswagen
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 308 Bch 86th St
The listing price of 308 Bch 86th St property is $1,225,000.
The property 308 Bch 86th St is a multi located in Far Rockaway, New York, 11693.
Active Listing: 308 Bch 86th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 308 Bch 86th St are: Lighthouse Elementary School (GreatSchools Rating 3/10), P.S. 104 The Bays Water School (GreatSchools Rating 5/10), Wave Preparatory Elementary School (GreatSchools Rating 9/10), P.S. 183 Dr. Richard R. Green (GreatSchools Rating 3/10), P.S./M.S. 42 R. Vernam School (GreatSchools Rating 3/10), Waterside Children's Studio School (GreatSchools Rating 7/10), Rockaway Collegiate High School (GreatSchools Rating 2/10), New Visions Charter High School for the Humanities Iv (GreatSchools Rating 4/10), Channel View School for Research (GreatSchools Rating 6/10).
The year of construction for 308 Bch 86th St is 2005.
This home is located at 308 Bch 86th St in Far Rockaway, NY and zip code 11693 in the Hammels neighborhood. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 29, 2025 and is currently priced at $1,225,000.
Over 263 listings were sold over their listed price in July 2025 in Far Rockaway, NY. In the same period over 785 listings were sold below the listed price and 1044 listings were sold for the listed price. Between June and July 2025, Far Rockaway, NY real estate market has seen decrease in the number of listings by 4.5%. While the average time on the market in July 2025 was 93 days, the median list price was $885,713.
From Rocket Homes Real Estate and based on county public records data.