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for saleRealtyLens property overview
$1,199,000
249 Beach 117th St
Rockaway Park, NY, 11694
View more Rockaway Park, NY property pages7Beds
5.5Baths
2,624Sqft
$457$/sqft
Listing Notes
We are most pleased to present this wonderful detached multi family home in the very desirable beach town known as The Rockaway's. Nestled in the Rockaway Park section of Queens, this income generating property checks all the boxes. Situated on a 40x100 oversized lot; this massive Victorian home is the ideal investment. The monthly rent roll is $7,000 a month and $84k annual. Located near wonderful shopping, various schools and houses of worship, easy access to mass transit, and a short distance to the Rockaway Ferry Terminal. A few minutes to the beach and relish the ocean air in this fabulous community. Whether one wants to live and earn in this oversized home or utilize it as an investment property; both are very good options. Please call for a private showing of this terrific home. This gem will simply not last!
Market Insights
Below nearby median-27%
$457/sqft vs a nearby median of $626/sqft.
Nearby median$626/sqft
Nearby properties8
Property size2,624 sqft
- -27% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,624 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.72M$1.56M – $1.87M · 50% confidence
vs ask $1.20M−$518k (−43.2%)
Asking price is about 43.2% below the fair value — likely to draw competing offers if it's still on market.
$626/sqft median across 7 tight comps × 2,624 sqft= $1.64M
- Transit access+$66k +4.0%
- Pre-war character+$41k +2.5%
- Days-on-market gravity−$25k −1.5%
- Moderate flood-area edge−$8k −0.5%
Cumulative NYC adjustments+$74k+4.5%
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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Listing Details
- Days on market
- 109 days
- Last price change
- No change recorded
- Listed
- Jan 23, 2026
- Photos
- 2 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- May 1, 2013 · $220,000
- Garage
- 1 space
Features & Amenities
Central AirHardwood FloorsTwo Or More StoriesGarage 1 Or MoreRental PropertyInvestment OpportunityShopping
Price History
May 4, 2026Initial record
$1,199,000for sale