Far Rockaway, NY
Commercial Real Estate Market Trends & Data

$492 Avg asking sale price
$754 Avg asking lease rate
8,722 SF Avg unit lease size
14,663 SF Avg building size for sale
6.34% Average cap rate

Far Rockaway's Demographic Profile

Far Rockaway has 45,118 households and a median income of $59,278, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 128,220
# Households 45,118
Median age 40
Median household income $59,278
Avg household size 3.0
Renter-occupied housing units 29,374
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Far Rockaway, NY

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Far Rockaway $536 8,285 SF
Broad Channel $276 8,050 SF
Rockaway Beach $276 8,050 SF
Rockaway Park $637 8,658 SF
Belle Harbor $1,465 2,184 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Far Rockaway $328 18,939 SF 9.35%
Broad Channel $314 24,705 SF 8.86%
Rockaway Beach $442 24,705 SF 8.86%
Rockaway Park $397 14,228 SF 8.86%

Commercial Properties For Sale in Far Rockaway

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Catalina Beach Club

Atlantic Beach, NY 11509

  • 77,400 SF Specialty
  • $29,900,000
For Sale

269-279 Burnside Ave

Lawrence, NY 11559

  • 8,478 SF Retail Building
  • 5.66% Cap Rate
  • $5,800,000
For Sale

254 Henry St

Inwood, NY 11096

  • 8,066 SF Industrial Building
  • $3,300,000
For Sale

228 & 230 Beach 32nd Street

Far Rockaway, NY 11691

  • 5,520 SF Multifamily
  • 9.35% Cap Rate
  • $2,100,000
For Sale

1895 Park St

Atlantic Beach, NY 11509

  • 2,890 SF Office Building
  • $1,499,000
For Sale

114-04 Beach Channel Dr

Rockaway Park, NY 11694

  • 9,700 SF Retail Building
  • 5.10% Cap Rate
  • $3,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Single Tenant Triple Net Lease Investing
Single Tenant Triple Net Lease Investing
How to evaluate tenant quality, assess property value, and manage investment risks
How to Buy a Hotel
How to Buy a Hotel
Learn the key considerations and strategies for successful hotel ownership
Modified Gross Lease Explained for CRE Investors
Modified Gross Lease Explained for CRE Investors
How expense stops, base year terms, and cost allocation decisions affect CRE NOI and property value at exit.
Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
Compare financing options, management requirements, and risk factors across 2-4 unit properties to choose the right investment for your goals
Land Entitlement
Land Entitlement
Identifying Risks and Mitigation Strategies for Unentitled Land
Land Loan Calculator
Land Loan Calculator
Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.
Multifamily Financing Options & Rates
Multifamily Financing Options & Rates
A comprehensive overview of multifamily loan programs, current market rates, and essential requirements for successful financing in today's market
What are Reciprocal Easement Agreements in CRE?
What are Reciprocal Easement Agreements in CRE?
REAs In Commercial Real Estate Generally Apply to Retail, Office and Mixed-Use Projects

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Far Rockaway pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Far Rockaway $492 14,663 SF
Broad Channel $288 13,602 SF
Rockaway Beach $288 13,602 SF
Rockaway Park $557 10,514 SF
Belle Harbor $1,465 2,184 SF

Multifamily Properties For Sale in Far Rockaway

For Sale

40 Unit Apartment Building & separate lot

Far Rockaway, NY 11691

  • 43,120 SF Multifamily
  • $10,500,000
For Sale

223 Beach 101St St

Rockaway Park, NY 11694

  • 24,705 SF Multifamily
  • 8.86% Cap Rate
  • $7,750,000
For Sale

Macedonia Senior Residence

Arverne, NY 11692

  • 17,600 SF Multifamily
  • $3,900,000

Regional Demographic Comparison

This comparison places Far Rockaway alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Far Rockaway or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Far Rockaway 128,220 45,118 40 $59,278 3 29,374 -5%
Broad Channel 12,515 5,116 46 $54,932 2 2,822 -4%
Rockaway Beach 12,453 5,093 46 $54,796 2 2,817 -4%
Rockaway Park 20,157 8,175 49 $80,454 2 4,285 -3%
Belle Harbor 5,323 1,945 47 $125,814 3 444 -7%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Far Rockaway, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Far Rockaway

View All Commercial Real Estate For Sale in Far Rockaway
Is Far Rockaway a good market for a first-time commercial real estate investor?

Far Rockaway offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Far Rockaway?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Far Rockaway. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Far Rockaway?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Far Rockaway. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Far Rockaway compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Far Rockaway. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Far Rockaway acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Far Rockaway, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports