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40 Unit Apartment Building & separate lot 910 Dinsmore Ave 40 Unit Apartment Building $10,500,000 ($262,500/Unit) Far Rockaway, NY 11691
Investment Highlights
- $10.5M Rare Double-Lot Opportunity in Far Rockaway – Prime Development & Income Potential
- Investor Goldmine: 910 Dinsmore Ave + Rear Lot – Scale, Develop, Maximize Returns
- Premier Far Rockaway Offering Multi-Lot Investment with Major Upside
Executive Summary
Unlock the Potential: $10.5M Dual-Lot Property Ready for Expansion or Redevelopment: Premier investment opportunity featuring a rare double-lot offering with the rear parcel included- ideal for developers, investors, and value-add buyers seeking scale and long-term upside. This exceptional asset combines immediate income potential with significant redevelopment and expansion opportunities, making it a true turnkey + land value play. Located in a rapidly evolving coastal market with strong demand, this property offers the flexibility to build, reposition, or maximize returns in one of NYC’s emerging investment corridors.
A chance to secure a high-upside, multi-lot asset in a prime location. Fully compliant with all regulations and free of violations, delivering peace of mind alongside immediate income and future redevelopment potential. Near JFK, the LIRR, MTA, minutes from Atlantic Beach, premier shopping, and the Five Towns area. Lot 119 is 18,808 sq ft & lot 72 is 8181. Call for info
A chance to secure a high-upside, multi-lot asset in a prime location. Fully compliant with all regulations and free of violations, delivering peace of mind alongside immediate income and future redevelopment potential. Near JFK, the LIRR, MTA, minutes from Atlantic Beach, premier shopping, and the Five Towns area. Lot 119 is 18,808 sq ft & lot 72 is 8181. Call for info
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Basement
- Handrails
- Instant Hot Water
- Linen Closet
- Office
- Large Bedrooms
Site Amenities
- Property Manager on Site
- Security System
- Maintenance on site
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 2+1 | 9 | - | - |
Very walkable
80/100
Somewhat drivable
30/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 15516-0119 | Improvements Assessment | $388,530 |
| Land Assessment | $104,850 | Total Assessment | $493,380 |
Property Taxes
Parcel Number
15516-0119
Land Assessment
$104,850
Improvements Assessment
$388,530
Total Assessment
$493,380
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