Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 - Property report
Also known as: 51-11 Almeda Ave
Property type
Elevator Apartment - Fireproof without Stores (D3)
Year built
1963
Lot sq. ft.
590,344
Sale price
$2,843,501
General information
4-10 Beach 54 St
4-30 - 4-44 Beach 54 St
Area overview
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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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Sales history for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691
*Most recent sale on record for this property.
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Title documents
*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
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Assessment history
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Permit information for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY
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DOB Violations
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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
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Risk
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Subway & traffic
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Neighbors for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY
Nearby ZIP codes for Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY
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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