390 Atlantic Avenue, East Rockaway, NY 11518

390 Atlantic Avenue, East Rockaway, NY 11518

$1,175,000 · 7 bed · 4 bath · built 1925 · MLS# 1014588 · Active

Now is the time to grab this opportunity to own this incredible home at a unbelievable value. Commercial mixed use 3 Family. This property offers an excellent opportunity for both owner occupants and investors. First apartment features a spacious living room with a fireplace, beautiful eat in kitchen with granite and stainless steel appliances, double wall oven, a primary bedroom, and full bath on main level. The second floor offers three additional bedrooms and another full bath. Second apartment.- Includes a comfortable living room, eat in kitchen, two nice size…

Two-to-three-family homes in the East Rockaway Union Free School District sold for a median of $745,000 (typically $720,000–$765,000) across 7 recorded sales between Oct 14, 2025 and Sep 25, 2026. Too small a sample to be statistically stable — that median rests on 7 recorded sales, so a single sale moves it substantially. Treat it as a starting point rather than a market reading.

ZIP 11518 has about 5 months of inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $22,000 a year, this home's property tax runs roughly 47% above the $15,000 typical for East Rockaway Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 11, 2026 2:45 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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East Rockaway Market Trend

East Rockaway's monthly median has swung between $495K and $900K over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. The typical recent sale has taken about 36 days to go under contract. Part of why that median has moved unevenly month to month is mix shift — which property types happen to sell. The roughly $660K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $835K) versus one heavy on co-ops (around $280K) can swing the all-types figure on its own, independent of any change in value. Of 239 recent sales, single-family made up the largest share at about 64% with a median near $698K, co-ops about 17% near $280K, multi-family (2-4 family) about 9% near $835K, condos about 9% near $644K. Because co-ops, though not the most common, is priced far enough from the rest to pull the blend down, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $698K, roughly $38K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 9% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.

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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.