2 months on rocket

241 Bch 118th St, Rockaway Park, NY, 11694

$1,499,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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241 Bch 118th St, New York$1,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingCarport, Other
Year Built1929
HeatingElectric, Other
CoolingDuctless
BasementYes
MLS #H6329525
StatusActive

About 241 Bch 118th St

HUGE 3 family house on a 40x100 Lot with finished basement with 6 car carport/driveway. THIS IS A CASH COW! This 3 Family house is great for the right investor or user. Also, this property is located in Rockaway Park, Queens which is only: (1) 1 block to the beach, (2) 2 blocks to the subway and great restaurants and (3) Minutes away to the NYC Ferry, which goes to NYC in minutes. All tenants have their own electric meters and pay their own utilities. Seller financing “may" be available for the right buyer. Property was recently renovated. Also, there are 4 levels to this huge house as follows: (1) First floor - has 3 Bedrooms with 2 bathrooms, (2) Second floor – has 4 Bedrooms with 2 bathrooms and walk out balcony and slight ocean view, (3) Third Floor – has 2 Bedrooms with 1 bathroom Basement Floor – separate laundry room for tenants to share. Also, a huge backyard for lounging around or grilling. There is too much to mention, so set up an appt and come see this great CASH COW. Real estate taxes for 2023 were only $4,624, this makes it a very attractive investment. Actual 7.00% CAP and Estimated up to 8.5% CAP, call for details.

Property Details

Property Features

Property Information:

  • Year Built: 1929

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (917) 532-5501

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Carport, Other

Utilities

Utilities Information:

  • Heating: Electric, Other
  • Cooling: Ductless

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

241 Bch 118th St vs New York

88 DAYS ON ROCKET

+3 Days

$1,499,000

+$648.8K More

KEY TAKEAWAY

This property is $648.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #H6329525

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (917) 532-5501

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 9:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,549

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,561

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-933210
3
/10

  • Lighthouse Elementary School

  • 180 Beach 35th St

  • 3.95 miles

  • Public District Grades PK-5

school-card-donut-933211
5
/10

  • P.S. 104 The Bays Water School

  • 2601 Mott Ave

  • 4.38 miles

  • Public District Grades PK-5

school-card-donut-933212
9
/10

  • Wave Preparatory Elementary School

  • 535 Briar Pl

  • 4.48 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $102,799. The majority of New York, NY residents have income between $100k-200k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11694›241 Bch 118th St

This home is located at 241 Bch 118th St in Rockaway Park, NY and zip code 11694 in the Rockaway Park neighborhood. This home was built in 1929. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $1,499,000.

In November 2024 more than 220 listings in New York, NY were sold above the asking price. During the same period more than 769 listings were sold at asking price, while more than 758 were sold below. In November 2024 in New York, NY there were 7.2% less homes for sale than in October 2024. In November 2024 median list price was $850,115 and the average listing age was 85 days.

From Rocket Homes Real Estate and based on county public records data.

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