BuySellBlogBrowse Listings

661 Grassmere TerraceFar Rockaway, NY 11691

For Sale

$1,125,000

Smart Buyer Rebate $14,063

Space, style & modern luxury come together at 661 Grassmere Terrace! A 25x40 Built two family sitting on 42x95 lot on a beautiful quiet, tree lined street of Far Rockaway. Featuring a wide private driveway, tons of yard space to enjoy family & friends gatherings. Property spans 3,000 sq/ft of living space and is the perfect opportunity for buyers looking for income generating rental property to assist with mortgage payments and space.

The Rental unit is configured as 3 bedroom 2 bath rental which has the ability to generate $4,000/month to assist with mortgage payments. The owners unit is also a 3 bedroom 2 bath and can easily be used as a garden-basement duplex to create additional living/recreational space.

Both units enjoy expansive sun drenched formal living area which provides great space for entertaining. The formal dining area overlooks the beautiful granite kitchen any chef will love. Kitchen features floor to ceiling custom cabinetry, adorned with a full fleet of stainless steel appliances, and equipped with island with bar stool seating. 3 spacious king sized bedrooms, each equipped with ample closet space. The elegant primary suite is equipped with a private en suite with spa like finishes. Down the hall an additional bathroom is shared between the two other bedrooms and boast state of the art wall & floor tiles.

The high ceiling full finished basement is equipped with both interior and exterior access and can easily be used as the perfect in law suite, media den, storage space, or additional recreational space.

661 Grassmere Terrace has been fully gutted and remodeled by an expert team of contractors featuring select wide-oak wood flooring, recessed lighting, updated electrical, heating, and plumbing systems throughout.

Conveniently located with close proximity to major transportation which makes commuting a breeze. Short block to Rockaway Freeway, Cornaga Avenue, Ocean Crest Blvd. Stones throw to transportation, schools, shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

Listed by Gabriel Kashi

·

Keystone Realty USA Corp

·

631-261-2800

Listed by Alexander Dubetsky

·

Keystone Realty USA Corp

Last updated August 17, 2025

·

Source: OneKey #882863

Listing Facts

  • TypeMulti-family
  • NeighborhoodBayswater
  • Bedrooms6
  • Bathrooms5
  • Days on Prevu72
  • Taxes$5,444.64/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

08/14/2025
Price Increased
$1,125,000
06/26/2025
Listed by Keystone Realty USA Corp
$999,000

Estimated Closing Costs

Total
$43,138
Attorney Fees
$4,000
NYC Mansion Tax
$11,250
Title Insurance
$5,063
Bank Attorney
$1,500
Mortgage Recording Tax
$17,325
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,125,000 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 661 Grassmere Terrace

Association

Amenities

  • Community Features: Park, Playground

Exterior

Construction

  • Number Of Units Total: 2
  • Year Built: 1996
  • Construction Materials: Brick, Frame

Measurements

  • Building Area Total: 2,000
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Square Feet: 3,991

Financial

Taxes

  • Parcel Number: 15753-0098
  • Tax Annual Amount: $5,444.64
  • Tax Assessed Value: $44,520.00
  • Tax Year: 2024

Interior

Features

  • Interior Features: First Floor Bedroom, Chefs Kitchen

Rooms

  • Basement: Finished, Full
  • Has Basement: Yes
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 6

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Features: Driveway, Private

Utilities

Equipment

  • Cooling: Separate Meters, Wall/Window Unit(s)
  • Heating: Baseboard, Separate Meters
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • 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.