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188 Beach 123rd Street, Belle Harbor, NY, 11694 | $2,479,999
Welcome to Belle Harbor, one of Rockaway Beach’s sought-after neighborhoods. Perfectly positioned on a quiet beach block just steps from the sand and surf, this six-unit multifamily property offers both charm and investment potential. This property features a mix of three 2-bedroom apartments, two 1-bedroom apartments, and one studio, creating a balanced layout that appeals to both long-term tenants and short-term rental strategies. The partially finished basement includes an outside separate entrance (OSE), laundry area, storage space, and a bonus room, offering added functionality for tenants or management use. Outdoors, enjoy a beautiful backyard complete with an outdoor shower—perfect for beach days, along with a detached garage and double driveway. In Belle Harbor, parking is an invaluable amenity, and this property provides ample space for residents and guests alike. Rockaway Beach is experiencing continuous growth with new residential developments, restaurants, and easy access to the NYC Ferry. Whether you’re looking to expand your portfolio or secure a stable income-producing property, this six-family home delivers the ideal blend of location, reliability, and upside potential.
Features
- Property Type: Multi Family
- Construction: Stone, Vinyl Siding
- Utilities: See Remarks
- Parking: Driveway
- Levels: 3
- Heating: Natural Gas
- Cooling: Wall/Window Unit(s)
- Units: 6
- Year Built: 1929
- Acreage: 0.14
- Est. Taxes: $17,373
- Elem. School: Ps/Ms 114 Belle Harbor
- Middle School: Scholars' Academy
- High School: Scholars' Academy
- School District: Community District 27
- MLS#: 917671
- Days on Market: 139 days
- Website: https://www.raveis.com
/prop/917671/188beach123rdstreet_belleharbor_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
188 Beach 123rd Street, Belle Harbor, NY, 11694
$2,479,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,983,999 | $1,983,999 | $1,983,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,448 | $1,448 | $1,448 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,110 | $12,055 | $16,608 |
| Total Monthly Payment | $12,683 | $13,628 | $18,181 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535