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129 Beach 118th Street #5A, Far Rockaway, NY, 11694

0beds
1baths
488sqft
$259,000
$531price/sqft
$1,830/moest. monthly cost
$73,200/yrincome needed

About This Home

This alcove studio in Beachview Apartments puts you exactly where you want to be in Rockaway Beach, steps to the ocean, the boardwalk, and right in the middle of the area’s evolving mix of restaurants, nightlife, and laid back beach culture that make this neighborhood so unique. The layout is what really sets it apart. This is not just an open studio. You have a completely separate kitchen, a defined alcove sleeping area, a proper entry foyer with closet space, and a full bathroom, giving you real separation and functionality. The apartment features gorgeous wood floors and brand new windows, and is styled with a curated coastal luxe aesthetic. It feels layered, intentional, and effortlessly put together. If you love it as is, even better, it can be delivered fully furnished, making it a true turnkey setup. The living and dining space feel comfortable and natural, and the kitchen is clean and efficient with solid cabinet storage. The building is pet friendly and sublet friendly, offering flexibility whether you are planning to live in it, use it part time, or hold it as an investment. The monthly maintenance is $581 plus a $120 assessment which ends in less than a year, and includes heat, gas, water, and property taxes, keeping your monthly costs straightforward. If you have been looking for something in Rockaway that actually works from both a lifestyle and investment standpoint, this one checks out.

Getting Around

81
WalkingVery Walkable
0
TransitVery Limited Transit
63
BikeBikeable

Schools

6/10
Ps 47 Chris GalasGrades PK-80.3 mi
9/10
Scholars AcademyGrades 6-120.8 mi

Construction

Condition

  • Year built: 1961

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Cooperative
  • Architectural style: Other
  • Property subType: Stock Cooperative,Residential

Interior

Appliances

  • Appliances included: Gas Range
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 488
  • Total interior livable area: 488 sqft

Property

Details

  • Parcel number: 16228004100129000000005A
  • Special condition: None

Features

  • On waterfront: Yes
  • Waterfront features: Bayfront,Beach Access

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Coastal Flooding
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,309$15,708
Home Insurance *$114$1,368
Property Taxes $161$1,932
Electricity $246$2,954
Total$1,830$21,960
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,742/yr
40% on housing$54,900/yr
45% on housing$48,800/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$531This listing

vs Other Active Listings

Avg $/sqft

ZIP 11694$492
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11694$750
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-01Listed for sale$259,000
2023-05-28Listing removed--
2022-05-26Price change$225,000
2022-03-15Price change$239,999
2021-11-27Listed for sale$255,999

For Sale by Agent

AgentBrina Ciaramella
BrokerageEsquire Realty Ciaramella & Co

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