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6707 Beach Channel Dr - Development Opportunity in the Rockaways! 0.08 Acres of Residential Land Offered at $750,000 in Arverne, NY 11692

Residential Land & Home Lots New York Arverne 6707 Beach Channel Dr, Arverne, NY 11692

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Investment Highlights

  • Fully approved plans for 6-unit Proposed 5,330sf, four story mixed use building
  • Potential 20% unlevered ROI - detailed development study available upon request
  • Site demolished and ready for sitework & vertical construction

Executive Summary

Fully approved 6-unit mixed use development opportunity
Proposed 5,330 square feet, four story building
Residential apartments: 2 x 3 bedrooms; 3 x 1 bedroom, each with full kitchen and balconies
Community professional space
3 on-site parking spaces
Site demolished and ready for sitework & vertical construction
Potential 20% unlevered ROI

Attachments

OM Averne print format revised

Data Room Click Here to Access

  • Operating and Financials

Property Facts

Price $750,000 Property Subtype Residential
Sale Type Investment Proposed Use
Mixed Use
  • Multifamily
No. Lots 1 Total Lot Size 0.08 AC
Property Type Land
Zoning R5D - - Medium Density District - Read about the "City of YES" code: https://www.nyc.gov/site/planning/plans/city-of-yes/city-of-yes-overview.page
Price $750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 0.08 AC
Zoning R5D - - Medium Density District - Read about the "City of YES" code: https://www.nyc.gov/site/planning/plans/city-of-yes/city-of-yes-overview.page

1 Lot Available

Lot

Price $750,000 Lot Size 0.08 AC
Price Per AC $9,375,000.00
Price $750,000
Price Per AC $9,375,000.00
Lot Size 0.08 AC

3,485 sq (.08ac) ~34’ x 100’ Zoning: R5-D FAR (per approved plans): 1.5

1 1
6707 Beach Channel Dr, Arverne, NY - Aerial map view - Image1
6707 Beach Channel Dr, Arverne, NY - Aerial map view - Image2
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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Property Taxes

Parcel Number 15915-0052 Improvements Assessment $0
Land Assessment $18,500 Total Assessment $7,200

Property Taxes

Parcel Number
15915-0052
Land Assessment
$18,500
Improvements Assessment
$0
Total Assessment
$7,200
(631) 870-7180

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 34346122

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 6707 Beach Channel Dr, Arverne, NY 11692

More public record information on 6707 Beach Channel Dr, Arverne, NY 11692

The Land Property at 6707 Beach Channel Dr, Arverne, NY 11692 is currently available for Sale. Contact Realty Connect USA for more information.

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6707 Beach Channel Dr, Arverne, NY for sale Aerial- Image 2 of 5
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The A-Train near property
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6707 Beach Channel Dr - Development Opportunity in the Rockaways!
(631) 870-7180 x

6707 Beach Channel Dr - Development Opportunity in the Rockaways!

Ron Epstein
(631) 870-7180

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