New York City  »  11691  »  Beach Channel Dr  »  5132 Beach Channel Dr

Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 - Property report

Also known as: 51-11 Almeda Ave

Property image for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691
static Mapbox map

Property type

Elevator Apartment - Fireproof without Stores (D3)

Year built

1963

Lot sq. ft.

590,344

Sale price

$2,843,501

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Ocean Bay
Primary address
Ocean Bay - 51-32 Beach Channel Drive
Alternate address(es)
4-09 Beach 51 St
4-10 Beach 54 St
4-30 - 4-44 Beach 54 St
ZIP code
11691
Neighborhood
Far Rockaway
Borough
Queens
Block & lot
16001-0002

Owner

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Building
Property type
Elevator Apartment - Fireproof without Stores (D3)
Building sq. ft.
587,170
Building dimensions
182 ft x 40.83 ft
Buildings on lot
15
Stories
9
Year built
1963
Last altered
1996
Building material
Sales
Sale date
12/29/2016
Sale price
$2,843,501 - M
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
582
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
675 ft x 874.58 ft
Lot sq. ft.
590,344

Area overview

Walk score
54 /100.  Somewhat Walkable
Transit score
70 /100.  Excellent Transit
Bike score
63 /100.  Bikeable
School district
27
Community district
14
Closest police station
1.72 Miles
Closest fire station
0.29 Miles

View more such as transportation, nearby schools and risk designations.

Building Description

The Ocean Bay Apartments at 430 Beach 54 Street in Queens began as a post-war New York City Housing Authority project. Launched in 1951 with 7 six-story buildings, the brick apartment blocks were known as the Arverne Houses. Ten years later came another 24 mid-rise towers of seven and nine stories on the bay side of the property and dubbed Edgemere Houses. Today, the sections of Ocean Bay Apartments on both sides of Beach Channel Drive offer 1,795 apartments in trending Far Rockaway.

The sandy expanses of Rockaway Beach on the Atlantic Ocean are steps away, while the northern row of buildings push up against the spacious Rockaway Community Park, and all this is in addition to the large grassy lawns between the buildings of 430 Beach 54 Street. The Ocean Bay Apartments are part of School District 27 and two schools, P.S. 105 and the Goldie Maple School, adjoin the apartment complex. The QM17 bus stops right at the property, while the closest subway station serves the A train 0.4 miles away at Beach 59th and Rockaway Freeway. Two stations on the Long Island Rail Road are within walking distance.

Ownership information for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/21/2018 - R
02/25/2018 - D
Easement
(2018051400927001)
XXX XXXX XXXX XXXXXXX XXXXXXXXX XXXX XXXXXX XXXXXXXX XXXXXXX XXX XXXX
02/16/2017 - R
02/10/2017 - D
Certificate
(2017021300138002)
XXXXXX XXXXXXXXXX
01/27/2017 - R Initial UCC1
(2017012001155004)
XXXXX XXX X XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX XXX XXXX XXXX XXXXXXX XXXXXXXXX
01/27/2017 - R Initial UCC1
(2017012001155003)
XXXXX XXX X XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX XXX XXXX XXXX XXXXXXX XXXXXXX XXXXXX
02/16/2017 - R
01/23/2017 - D
Zoning Lot Description
(2017021300138001)
XXX XXXX XXXX XXXXXXX XXXXXXXXX
09/14/2017 - R
12/29/2016 - D
Agreement
(2017091301207001)
XXXXXXX XXXX XXXXX XXXX XXXXX XXX X XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX
01/27/2017 - R
12/29/2016 - D
Agreement
(2017012001155002)
XXXXXXX XXXX XXXXX XXXX XXXXX XXX X XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX
01/27/2017 - R
12/29/2016 - D
Memorandum of Lease
(2017012001155001)
XXX XXXX XXXX XXXXXXX XXXXXXXXX XXXXXXX XXXX XXXXX XXXX
01/10/2017 - R
12/29/2016 - D
Subordination of Mortgage
(2017010600859011)
XXX XXXX XXXX XXXXXXX XXXXXXXXX XXX XXXX XXXXX XXXXXXX XXXXXXX XXXXXX
01/10/2017 - R
12/29/2016 - D
Mortgage
(2017010600859010)
XXXXX XXX X XXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXXX XXX XXXXXXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Municipal exemptions
Recent tax assessments
Market value
$40,822,000
Assessed value
$18,369,900

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $39,983,000 $17,992,350 $0 12.439% $1,970,371 $0 n/a
2024/25 $36,654,000 $16,494,300 $0 12.5% $1,970,325 $0 n/a
2023/24 $35,388,000 $15,924,600 $0 12.502% $1,990,893 $0 n/a
2022/23 $31,009,000 $13,954,050 $0 12.267% $1,711,743 $0 n/a
2021/22 $32,969,000 $14,836,050 $0 12.235% $1,815,191 $0 n/a
2020/21 $39,120,000 $17,604,000 $0 12.267% $2,095,427 $0 n/a
2019/20 $38,834,000 $17,475,300 $0 12.473% $2,070,883 $0 n/a
2018/19 $38,565,000 $17,354,250 $0 12.612% $1,977,866 $0 n/a
2017/18 $37,335,000 $16,800,750 $0 12.719% $1,880,644 $0 n/a
2016/17 $35,944,000 $16,174,800 $0 12.892% $1,879,665 $0 n/a

Permit information for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY

Filing date Job type Job status Job description Initial cost
10/07/2025 Alteration
09/16/2025 Alteration
05/08/2025 Alteration
10/14/2024 Alteration
10/13/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
01/22/2024 Fisphaz-hazardous condition (facade) facade required
07/27/2023 Fisphaz-hazardous condition (facade) facade required
07/27/2023 Fisphaz-hazardous condition (facade) facade required

*Most recent DOB violations on record for this property.

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
0.2,AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Beach 59th Sr & Rockaway Frwy at NW Corner
Station lines
A
Distance (miles)
0.413

Access the detailed traffic volume map for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691?

The development at Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 was built in 1963.

What is the total square footage of Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691?

Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 has a total of 587,170 square feet.

When was Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 last sold and what was the sale price?

Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 was last sold on 12/29/2016 for $2,843,501.

What is the assessed value of Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691?

Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 is currently assessed at $18,369,900.

How many residential units does this building have?

This building has 582 residential unit(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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