Cash flowing property in the up and coming Far Rockaway neighborhood where NYC approved a 139M development of infrastructure street upgrades.

92-02 Rockaway Beach Blvd
Far Rockaway NY 11691

Property

Ownership: Commercial
Type: Commercial
Bedrooms: Studio
Area: 12300 sq ft
Lot Size: 10600 sq ft

Financials

Price: $5,500,000
47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Douglas Elliman Real Estate

Description

Cash flowing property in the up and coming Far Rockaway neighborhood where NYC approved a $139M development of infrastructure & street upgrades . Located on a busy commercial strip near mass transit, only 2 blocks from the beach. Building is fully leased with 6 Long term tenants; 5 retail, and 1 Residential on the 2nd floor. Nets close to $300K cash after all expenses includ. taxes. Res FAR of 1.35 would allow 14,310 sf. and Facility FAR 21,200 sq ft. All tenants pay share of taxes & expenses.

Amenities

  • Dishwasher
  • fireplace
  • Refrigerator
  • stove

Cash flowing property in the up and coming Far Rockaway neighborhood where NYC approved a 139M development of infrastructure street upgrades.

Description

Cash flowing property in the up and coming Far Rockaway neighborhood where NYC approved a $139M development of infrastructure & street upgrades . Located on a busy commercial strip near mass transit, only 2 blocks from the beach. Building is fully leased with 6 Long term tenants; 5 retail, and 1 Residential on the 2nd floor. Nets close to $300K cash after all expenses includ. taxes. Res FAR of 1.35 would allow 14,310 sf. and Facility FAR 21,200 sq ft. All tenants pay share of taxes & expenses.

Amenities

  • Dishwasher
  • fireplace
  • Refrigerator
  • stove

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