163 Beach 122nd St - Apartments FOR SALE


Rockaway Park, NY 11694
$2,300,000 USD
718-634-3134
163 Beach 122nd St, Rockaway Park, NY for Sale
$2,300,000 USD
Apartments - FOR SALE
1/25
null | 7.5% Cap Rate

163 Beach 122nd St
Rockaway Park, NY 11694


OVERVIEW

MONEY-MAKING MACHINE! A rare investment gem in one of the most desirable beach communities in all of NYC. This solid, all-brick ten-unit multifamily building offers a turnkey opportunity with fully renovated apartments and strong rental income. Each unit features beautiful hardwood floors, large sun-drenched windows, granite countertops, and marble bathrooms, delivering quality that tenants appreciate and investors value. Recent upgrades include a brand-new boiler room, and each apartment is equipped with individual thermostats, allowing tenants to control their own heating for added comfort and efficiency. The property also boasts a coin-operated commercial washer and dryer, private parking for up to 8 vehicles, a 2-car garage currently used for storage and ocean views in select units. Located just half a block from the beach and boardwalk, this property combines prime location, premium upgrades, and dependable cash flow - making it one of the smartest investment opportunities on the market today. The home has a certificate of Occupancy for a 10 unit building 7 Class A 3 Class B The seller is open to personally walking qualified, serious buyers through the property to review all details and answer any questions, offering full transparency and insight into this exceptional investment opportunity. Every Tenant in good standing

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

R3X

APN/PARCEL ID

16232-0024

ASK ABOUT THIS PROPERTY

Lisa JacksonRockaway PropertiesMore Info
718-634-3134

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Lisa JacksonRockaway PropertiesMore Info
718-634-3134

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.