638 Grassmere Terrace Far Rockaway, NY 11691
Far Rockaway NeighborhoodEstimated payment $6,092/month
Highlights
- Wood Flooring
- Baseboard Heating
- Front Yard
- Terrace
- Secure Lobby
About This Home
Great Investment -3 Family Property Located Just minutes to Rockaway Beach and The Boardwalk. Good Upside Rental Income. This One Cashflows. No Leases as all tenants on Month to Month.
Interior: Bedrooms: 9 Other Rooms: Total Rooms: 21 Bathrooms: 6, Master Downstairs, Eat-In Kitchen, Flooring: Hardwood, Heating and Cooling, Heating Features: Natural Gas, Hot Water, And a Full Unfinished Basement
Exterior: Lot Size Acres: 0.0334022, Lot Size Dimensions: 20.5 X 71, Lot Size Square Feet: 1455, School Information: Elementary School District: Queens 29,
High School District: Queens 29, Middle or Junior School District: Queens 29, Annual Tax Amount: 7449.00, Tax Block: 15762,
Cross Street: Brookhaven Ave,
Inclusions: Oven/Range, Refrigerator
Property Subtype: Multi Family, Total Square Feet Living: 3444.00, Year Built: 2005, Construction Materials: Brick, Property Age: 20, House Style: Colonial,
Total Area Sq ft: 1148
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,028
Year Built
- Built in 2005
Lot Details
- 1,456 Sq Ft Lot
- Lot Dimensions are 71 x 20
- Front Yard
Home Design
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 3,444 Sq Ft Home
- 3-Story Property
- Stove
- Unfinished Basement
Flooring
- Wood
- Tile
Outdoor Features
- Terrace
Utilities
- Baseboard Heating
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 15762
Community Details
Building Details
- Fuel Expense $1,155
- Insurance Expense $3,425
- Utility Expense $1,045
- Gross Income $73,000
- Net Operating Income $55,685
Additional Features
- 3 Units
- Secure Lobby
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,028 | $37,092 | $6,164 | $30,928 |
| 2024 | $7,028 | $34,992 | $5,672 | $29,320 |
| 2023 | $7,028 | $34,992 | $5,123 | $29,869 |
| 2022 | $6,933 | $46,380 | $6,720 | $39,660 |
| 2021 | $6,895 | $42,480 | $6,720 | $35,760 |
| 2020 | $6,543 | $36,540 | $6,720 | $29,820 |
| 2019 | $6,100 | $36,120 | $6,720 | $29,400 |
| 2018 | $5,647 | $29,160 | $6,116 | $23,044 |
| 2017 | $5,600 | $28,941 | $6,209 | $22,732 |
| 2016 | $5,148 | $28,941 | $6,209 | $22,732 |
| 2015 | $3,410 | $25,758 | $6,572 | $19,186 |
| 2014 | $3,410 | $24,300 | $7,440 | $16,860 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $995,000 | +53.1% | $289 / Sq Ft |
| 12/09/2024 12/09/24 | Off Market | $650,000 | -- | -- |
| 09/19/2018 09/19/18 | Sold | $650,000 | 0.0% | $566 / Sq Ft |
| 10/16/2017 10/16/17 | Pending | -- | -- | -- |
| 09/18/2017 09/18/17 | For Sale | $650,000 | -- | $566 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $650,000 | -- | |
| Deed | $280,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | New Conventional | |
| Previous Owner | $305,000 | New Conventional | |
| Previous Owner | $548,000 | No Value Available | |
| Closed | -- | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 493568
APN: 15762-0047
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