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Beach 27th Street & 44th Street Queens 6 Land Properties Offered at $2,900,000 in Far Rockaway, NY
Investment Highlights
- Residential portfolio in Far Rockaway with redevelopment or value-add potential.
Executive Summary
The portfolio includes six lots: five located on Beach 27th Street between Seagirt Ave and the boardwalk, and one separate lot on Beach 44th Street between Edgemere and Beach Chanel Drives. R4-1 zoning allows for a total of 20,724 BSF for residential redevelopment. A few blocks from the Q22, Q113 & Q114 bus stops. A 10 minute walk to the Beach 25th Street A train subway station The residential homes are collecting significantly below market rents, providing an investor an immediate value-add opportunity. Perfectly situated just steps from the beach and boardwalk. In close proximity to several schools. Nearby retailers include CVS, Shop Fair Supermarket, Bank of America & Dunkin Donuts.
Conveniently close to the Special Downtown Far Rockaway District, which was rezoned in 2017 to spur development in the area and create a vibrant mixed-use community.
Conveniently close to the Special Downtown Far Rockaway District, which was rezoned in 2017 to spur development in the area and create a vibrant mixed-use community.
Property Facts
| Price | $2,900,000 | Number of Properties | 6 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Active |
| Price | $2,900,000 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Land Area | 0.48 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 0 Beach 44th St, Far Rockaway, NY 11691 | Land | 0.12 AC | - |
| 1-83A Beach 27th St, Far Rockaway, NY 11691 | Land | 0.08 AC | - |
| 1-99 Beach 27th St, Far Rockaway, NY 11691 | Land | 0.08 AC | - |
| 0 Beach 27th St, Far Rockaway, NY 11691 | Land | 0.08 AC | - |
| 1-83 Beach 27th St, Far Rockaway, NY 11691 | Land | 0.07 AC | - |
| 1-48 Beach 27th St, Far Rockaway, NY 11691 | Land | 0.04 AC | - |
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Contacts
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Sean Kelly -
Stephen Vorvolakos -
Nicole Daniggelis -
Jack Mastrocola -
Ariel Property Advisors
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Beach 27th Street & 44th Street Queens
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