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164-166 Beach 116th St - Hospitality Opportunity 0.69 Acres of Commercial Land Offered at $4,000,000 in Rockaway Park, NY 11694
Investment Highlights
- • Development site offers up to 39,712 SF of buildable floor area across a 6,000 SF lot.
- • Located steps from Rockaway Beach Boardwalk and ocean promenade for beachfront lifestyle appeal.
- • Positioned within a growing community with established condominiums across the street.
- • Highly versatile zoning (R7A / C1-3) supports substantial residential or mixed-use potential.
- • Immediate access to the Rockaway Park-Beach 116 A train and nearby NYC Ferry connections.
- • Strong infrastructure and demand support rental, condominium, or mixed-use development strategies.
Executive Summary
This exceptional beach block development site at 1–66 Beach 116th Street in Rockaway Park offers a highly attractive opportunity for developers and investors seeking a prime coastal project. Encompassing a 6,000 SF lot with flexible R7A/Cl-3 zoning, the property allows for up to 24,000 SF of residential development as of right and an impressive 30,033 SF under optional UAP guidelines, with total gross buildable potential of approximately 39,712 SF pending architectural confirmation.
Positioned between Rockaway Beach Boulevard and the ocean promenade, the site benefits from immediate proximity to the Rockaway Boardwalk, pristine beaches, and vibrant neighborhood activity. The location supports strong demand for both rental and condominium projects, capitalizing on continued growth in this dynamic Queens waterfront community. Accessibility enhances its appeal, with the Rockaway Park-Beach 116 A train subway terminal just steps away and ferry service at Beach Channel Drive and Beach 108th Street providing swift connections to Manhattan.
Nearby amenities include retail conveniences, beachfront recreation, and new residential developments such as One Sixteen and Ocean Grande, underscoring the area's transformation into a sought-after destination. Offered at $4,000,000, this property presents a rare chance to create a signature residential project in one of New York City’s fastest-evolving beachfront districts.
Positioned between Rockaway Beach Boulevard and the ocean promenade, the site benefits from immediate proximity to the Rockaway Boardwalk, pristine beaches, and vibrant neighborhood activity. The location supports strong demand for both rental and condominium projects, capitalizing on continued growth in this dynamic Queens waterfront community. Accessibility enhances its appeal, with the Rockaway Park-Beach 116 A train subway terminal just steps away and ferry service at Beach Channel Drive and Beach 108th Street providing swift connections to Manhattan.
Nearby amenities include retail conveniences, beachfront recreation, and new residential developments such as One Sixteen and Ocean Grande, underscoring the area's transformation into a sought-after destination. Offered at $4,000,000, this property presents a rare chance to create a signature residential project in one of New York City’s fastest-evolving beachfront districts.
Property Facts
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 0.69 AC |
| Price Per AC | $5,801,616.62 |
| Price | $4,000,000 |
| Price Per AC | $5,801,616.62 |
| Lot Size | 0.69 AC |
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 16188-0070 | Improvements Assessment | $102,690 |
| Land Assessment | $126,450 | Total Assessment | $229,140 |
Property Taxes
Parcel Number
16188-0070
Land Assessment
$126,450
Improvements Assessment
$102,690
Total Assessment
$229,140
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164-166 Beach 116th St - Hospitality Opportunity
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