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92-02 Rockaway Beach Blvd
Rockaway Beach, NY 11693
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corner Lot
- Two Blocks from Beach, Subway, Cross Bay Bridge
- 100% Full leased with Steady long term tenants
- Located on busy shopping strip
EXECUTIVE SUMMARY
GREINER-MALTZ has been retained on an exclusive basis to handle the sale of this 100% fully leased property in FAR ROCKAWAY.
As quoted by many sources , Far Rockaway is quickly developing into the new Miami with new posh developments going up along the shore line. Located on a busy shopping strip, this building is in excellent condition, has steady long term paying tenants which are staples in the neighborhood and benefit from repeat business and one 3 BR apt located on the 2nd fl. which has been there for a while.
The building is very centrally located:
Two Blocks from the Beach,
Two Block from the Subway Station.
Two Blocks from Cross Bay Memorial Bridge.
One Block from Municipal Parking lot
Same block as Police and Fire .
Excellent 1031 opportunity if you need to park money. Hard to see where you go wrong with this cash cow of a property.
Call Eitan at 917-716-7751 for more details.
As quoted by many sources , Far Rockaway is quickly developing into the new Miami with new posh developments going up along the shore line. Located on a busy shopping strip, this building is in excellent condition, has steady long term paying tenants which are staples in the neighborhood and benefit from repeat business and one 3 BR apt located on the 2nd fl. which has been there for a while.
The building is very centrally located:
Two Blocks from the Beach,
Two Block from the Subway Station.
Two Blocks from Cross Bay Memorial Bridge.
One Block from Municipal Parking lot
Same block as Police and Fire .
Excellent 1031 opportunity if you need to park money. Hard to see where you go wrong with this cash cow of a property.
Call Eitan at 917-716-7751 for more details.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
C
Year Built/Renovated
1914/2013
Price
$5,250,000
Price Per SF
$420
Cap Rate
5.65%
NOI
$296,625
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.24 AC
Zoning
R6, Queens, (G9), C2-3
Frontage
72’ on Rockaway Beach Blvd
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 16127-0016 | Improvements Assessment | $564,070 |
| Land Assessment | $238,500 | Total Assessment | $802,570 |
PROPERTY TAXES
Parcel Number
16127-0016
Land Assessment
$238,500
Improvements Assessment
$564,070
Total Assessment
$802,570
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