| Building name | Ocean Bay |
| Primary address | Ocean Bay - 51-32 Beach Channel Drive |
| Secondary address | 51-11 Almeda Ave |
| Neighborhood | Far Rockaway |
| Zip code | 11691 |
| Borough | Queens |
| Block & lot | 16001-0002 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 12/29/2016 |
| Purchase price | $2,843,501 |
| Tax class | Register |
| Lot sq. ft. | 590,344 |
| Lot dimensions | |
| Property type | Elevator Apartment - Fireproof without Stores (D3)
|
| Building sqft | 587,170 |
| Building dimensions |
| Buildings on lot | 15 |
| Stories | 9 |
| Year built | 1963 |
| Year last altered | 1996 |
| School district | 27 |
| Community district | 14 |
| Closest police station | 1.72 Miles |
| Closest fire station | 0.29 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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.
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You will find all alternate addresses for the property in this section.
Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 was built in 1963 and has a total of 587,170 square feet.
What is the assessed value of Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691?The assessed market value for the current tax year is $17,992,350.
When was Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 last sold and what was the last sale price?Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691 was last sold in 12/29/2016 for $2,843,501.
How many residential units does this building have?This building has 582 residential unit(s).
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 51-32 Beach Channel Drive, Far Rockaway, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 12/29/2016 | $2,843,501 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Ocean Bay - Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $0 |
| Tax assessor's market value: | $39,983,000 |
| Assessed value: | $17,992,350 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 51-32 Beach Channel Drive, Far Rockaway, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year 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 |
The complete history of permits filed for 51-32 Beach Channel Drive, Far Rockaway, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.
Check out recently sold homes in Queens and see how their prices compare.
| FEMA flood zone(s): | 0.2,AE (See more on map) |
| Hurricane evacuation zone: | 1 (See more on map) |
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Distance to Subway
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| Closest station | Beach 59th Sr & Rockaway Frwy at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.413 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Here are the neighbors for Ocean Bay - Ocean Bay - 51-32 Beach Channel Drive, Far Rockaway, NY 11691.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 6-16 Beach 68 St, Arverne | 2,800 | 04/21/1972 | |
| 4-38 Beach 67 St, Arverne | 01/07/2005 | ||
| 1-15 Beach 67 St, Arverne | 06/10/2009 | $10 | |
| 6-02 Beach 63 St, Arverne | 5,000 | 02/23/2021 | $1,500,000 |
| 47-10 Norton Ave, Far Rockaway | 08/08/2012 | ||
| 4-88 Beach 66 St, Arverne | 96,991 | ||
| 4-06 Beach 45 St, Far Rockaway | 5,757 | 12/20/1979 | |
| 4-01 Beach 44 St, Far Rockaway | 6,230 | 05/28/2009 | |
| 60-02 Beach Channel Dr, Arverne | 04/09/1998 | ||
| 59-14 Beach Channel Dr, Arverne | 3,525 | 07/18/2022 | $4,000,000 |
| 48-06 Norton Ave, Far Rockaway | 03/04/2016 | $215,000 | |
| 4-01 Thursby Ave, Arverne | 04/09/1998 | ||
| 5-19 Beach 45 St, Far Rockaway | 2,170 | 07/07/1987 | |
| 56-10 Beach Channel Dr, Arverne | 820,910 | 12/29/2016 | $2,843,501 |
| 62-02 Almeda Ave, Arverne | 22,000 | 06/30/1994 | |
| 62-02 Beach 63 St, Arverne | |||
| 4-20 Beach 51 St, Far Rockaway | 141,500 | ||
| 38-08 Beach Channel Dr, Far Rockaway | 253,000 | 08/01/1972 | |
| 4-55 Beach 36 St, Far Rockaway | 3,744 | 09/30/2021 | $1,322,000 |
| 1-44 - 1-78 Beach 66 St, Arverne | 1,419 | 06/10/2009 | $10 |
