166 Beach 116th - Light Manufacturing FOR SALE


Rockaway Park, NY 11694
$4,000,000 USD
917-705-0005
166 Beach 116th, Rockaway Park, NY for Sale
$4,000,000 USD
Light Manufacturing - FOR SALE
1/10
null | Request Cap Rate

166 Beach 116th
Rockaway Park, NY 11694


HIGHLIGHTS

  • Prime Beachfront Location just a few minutes walk to beach!! 60 FT of frontage on Beach 116th!
  • Amazing Redevelopment Opportunity-perfect for Hospitality/Retail/Storefront/or Residential
  • C/O for 38 units Class B (rooms) & 1 Class A (5 bedroom apartment)
  • Existing Structure
  • Guaranteed 100% Full Occupancy with City Fheps
  • Delivered Fully Vacant

OVERVIEW

Great location just minutes from Oceanfront. Redevelopment Opportunity (Hotel/Motel, Homeless Shelter, Affordable Housing, Condo Building, Rental Building). Property has 60 feet frontage on Beach 116th. The possibilities are endless - Working on obtaining Certificate of Non Harassment. Currently used as Light Manufacturing for the Owners Business. C/O for 38 units Class B (rooms) & 1 Class A (5 bedroom apartment) The building next door is in contract (160 Beach 116th St)- we have a letter from City Fheps for $1,751 a room from November 2023 Meaning that this building once up an running can gross you 70k monthly

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Storefront Retail/Office, Manufacturing, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14

LAND SF

6,000

ZONING

R7A/C1-3

APN/PARCEL ID

16188-0070

ASK ABOUT THIS PROPERTY

Nina Sabag5 Boro RealtyMore Info
917-705-0005

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Nina Sabag5 Boro RealtyMore Info
917-705-0005

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