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118-07 Beach Channel Dr
Listing Notes
Welcome to this expansive and versatile three-family residence nestled in the heart of Rockaway Beach. Currently used as a two-family, this property offers incredible potential for both end-users and investors seeking space, flexibility, and a prime coastal location. The first-floor unit features two spacious bedrooms, a newly renovated kitchen, an updated full bathroom, and beautiful views of the NYC skyline. The second and third floors are configured as a duplex, with the second floor offering two additional bedrooms, a full kitchen and bath, a charming fireplace, and a large private balcony-perfect for enjoying the ocean breeze. The top floor serves as a private primary suite, complete with multiple closets, a full en-suite bathroom, and its own washer. This home includes a private driveway with parking for multiple vehicles, a detached two-car garage, and a full-height basement with ceilings over seven feet tall. The basement also features a washer/dryer hookup for added convenience. The mechanicals have been well maintained, with boilers that are only a few years old and recently installed indirect water heaters, offering both efficiency and peace of mind. The backyard offers ample space for entertaining, gardening, or relaxing after a day at the beach. The property will be delivered vacant at closing, offering a seamless opportunity for immediate occupancy or rental setup. Ideally located just minutes from the shoreline, public transportation, and some of the best dining Rockaway has to offer, this home combines the best of beachside living with city convenience.
Market Insights
$444/sqft vs a nearby median of $571/sqft.
- -22% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,700 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 27.3% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$46k −3.0%
- Transit access+$39k +2.5%
- Pre-war character+$39k +2.5%
- Visible condition issues−$39k −2.5%
- Moderate flood-area edge−$8k −0.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 291 days
- Last price change
- No change recorded
- Listed
- Jul 25, 2025
- Photos
- 30 photos
- Property type
- mobile
- Status
- for sale
- Last sold
- Apr 14, 1999 · $230,000
- Garage
- 2 spaces