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223 Beach 101St St 32 Unit Apartment Building $7,750,000 ($242,188/Unit) 8.86% Cap Rate Rockaway Park, NY 11694
Investment Highlights
- Turnkey Multi-Family Property For Sale - Over 8% CAP
- Fully Occupied 32-Unit Brick Building Built in 2012 with Parking
Executive Summary
Located in the Far Rockaway neighborhood of Queens between Beach Channel Dr & Rockaway Beach Blvd near the Beach 98th St subway station.
Nearest Transit: S & A trains at Beach 98th St and the Q53-SBS, Q11, Q35, QM16, RES, QM17, QM15, & Q52-SBS bus lines.
Nearby tenants include Walgreens Photo, Rockaway Beach Golf Club, Burn Fitness, Beachside Pharmacy, Brisas Del Mar, Deli Grill, The Madelaine Chocolate Company, Rockaway Beach Pickleball, Bay Towers Apartments, The Scholars Academy, Dayton Towers West, The Rockaway Hotel, Corp Construction Corporation, and more!
Nearest Transit: S & A trains at Beach 98th St and the Q53-SBS, Q11, Q35, QM16, RES, QM17, QM15, & Q52-SBS bus lines.
Nearby tenants include Walgreens Photo, Rockaway Beach Golf Club, Burn Fitness, Beachside Pharmacy, Brisas Del Mar, Deli Grill, The Madelaine Chocolate Company, Rockaway Beach Pickleball, Bay Towers Apartments, The Scholars Academy, Dayton Towers West, The Rockaway Hotel, Corp Construction Corporation, and more!
Property Facts
| Price | $7,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $242,188 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.86% | Building Size | 24,705 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5D - Medium density district with a height limit of 40 feet | ||
| Price | $7,750,000 |
| Price Per Unit | $242,188 |
| Sale Type | Investment |
| Cap Rate | 8.86% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 24,705 SF |
| No. Stories | 4 |
| Year Built | 2012 |
| Opportunity Zone |
Yes |
| Zoning | R5D - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 20 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16157-0089 | Improvements Assessment | $1,105,650 |
| Land Assessment | $309,600 | Total Assessment | $1,415,250 |
Property Taxes
Parcel Number
16157-0089
Land Assessment
$309,600
Improvements Assessment
$1,105,650
Total Assessment
$1,415,250
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223 Beach 101St St
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