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6707 Beach Channel Dr - Development Opportunity in the Rockaways! 0.08 Acres of Residential Land Offered at $499,000 in Arverne, NY 11692
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
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
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $499,000 | Lot Size | 0.08 AC |
| Price Per AC | $6,237,500.00 |
| Price | $499,000 |
| Price Per AC | $6,237,500.00 |
| Lot Size | 0.08 AC |
3,485 sq (.08ac) ~34’ x 100’ Zoning: R5-D FAR (per approved plans): 1.5
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (74)
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6707 Beach Channel Dr - Development Opportunity in the Rockaways!
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