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318 Beach 42nd StreetArverne, NY 11691

For Sale

$649,999

Smart Buyer Rebate $3,750

The investors are buying! Why aren't you?

Beach life meets smart investing! Far Rockaway properties are perfect for those who want rental income and future equity in a community that’s booming

Welcome to this well-kept 5 bedroom 3 bath Hi ranch located just blocks from the beach in the heart of Far Rockaway, Queens. This spacious home offers the warmth of classic design combined with the convenience of multi-level living.

Step inside to find a bright and inviting living room glowing with natural light throug the day, and a cozy layout perfect for relaxing or entertaining. The eat-in kitchen features plenty of cabinet space, tiled countertops, and full-sized appliances, ready for your personal touch or modern update.

Upstairs, you’ll find comfortable bedrooms and a full bath, while the lower level provides excellent flexibility — ideal for an office, guests, a recreation area, or additional rental opportunity.

Outside, the property features a large driveway with ample parking, a covered front porch, and a fenced yard area perfect for gatherings or gardening.

Located near public transportation, schools, shops, and just minutes from the boardwalk and Rockaway Beach, this home combines coastal living with NYC convenience. Especially with Manhattan a ferry ride away. How can you beat it?

Whether you’re looking for a long term home in the Beach or a smart investment, 318 Beach 42nd Street delivers comfort, value, and potential. Take A Tour!

Listed by David A. Garth CBR

·

D Network Realty Inc

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718-285-0722

Last updated October 24, 2025

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Source: OneKey #928053

Listing Facts

  • TypeSingle-family
  • NeighborhoodEdgemere
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu1
  • Taxes$3,929.04/year
  • Size1,764 sqft
  • Price per sqft$368

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/23/2025
Listed by D Network Realty Inc
$649,999

Estimated Closing Costs

Total
$22,434
Attorney Fees
$4,000
Title Insurance
$2,925
Bank Attorney
$1,500
Mortgage Recording Tax
$10,009
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $649,999 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 318 Beach 42nd Street

Exterior

Construction

  • Property Attached: Yes
  • Year Built: 1940
  • Architectural Style: Hi Ranch
  • Construction Materials: Frame

Features

  • Waterfront Features: Beach Access

Measurements

  • Building Area Total: 1,764
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Square Feet: 3,269

Financial

Taxes

  • Parcel Number: 15831-0015
  • Tax Annual Amount: $3,929.04
  • Tax Assessed Value: $35,880.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Gas Oven, Gas Range, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater
  • Interior Features: First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, In-Law Floorplan

Measurements

  • Living Area: 1,764
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Rooms Total: 13

Parking

Parking

  • Parking Features: Driveway

Schools

Elementary School

  • Elementary School: Ps 43
  • Elementary School District: Queens 27

High School

  • High School: Channel View School For Research
  • High School District: Queens 27

Middle or Junior School

  • Middle Or Junior School: Channel View School For Research
  • Middle Or Junior School District: Queens 27

Utilities

Equipment

  • Heating: Baseboard, Hot Water
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public
  • Water Source: Public

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.