329 Beach 29th Street, Far Rockaway, NY, 11691
About This Home
Excellent investment opportunity in the heart of Far Rockaway! Well-maintained 4-family property featuring one occupied unit generating $3,600/month in rental income and three vacant units ready for immediate lease-up or owner occupancy. Market rents are estimated at approximately $2,700/month per vacant unit, offering a projected gross rental income of up to $11,700/month when fully occupied. The property offers spacious apartments with hardwood floors, updated kitchens and baths, abundant natural light, and separate entrances. The building features a desirable layout, private driveway access, and a large side yard. Conveniently located near transportation, shopping, schools, parks, and the beach. Perfect for investors seeking strong cash flow potential or owner-occupants looking to offset expenses with rental income. Vacant units provide flexibility for immediate rent increases and tenant selection. Projected Gross Rent Roll: Unit 1 (Occupied): $3,600/month Unit 2 (Vacant): Approx. $2,700/month Unit 3 (Vacant): Approx. $2,700/month Unit 4 (Vacant): Approx. $2,700/month Potential Gross Income: Approximately $11,700/month ($140,400/year).
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1931
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Features
- First Floor Bedroom
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,187
- Total interior livable area: 2,187 sqft
Property
Details
- Parcel number: 157970012
- Special condition: None
Lot
- Lot size: 3,800 sqft
Parking
- Total spaces: 240
- Parking features: Driveway
- Has garage: Yes
- Attached garage spaces: 240
- Covered spaces: 240
- Has uncovered spaces: Yes
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
- Cold Wave
- Heat Wave
- Coastal Flooding
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $703 | $8,436 |
| Property Taxes | $687 | $8,244 |
| Electricity | $361 | $4,337 |
| Total | $7,313 | $87,756 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Price change | $1,100,000 |
| 2026-06-30 | Price change | $1,149,000 |
| 2026-06-16 | Listed for sale | $1,200,000 |
| 2015-11-10 | Sold | $250,000 |
View on Zillow