910 Dinsmore Ave - Apartments FOR SALE


Far Rockaway, NY 11691
$8,500,000 USD
516-233-9888
910 Dinsmore Ave, Far Rockaway, NY for Sale
$8,500,000 USD
Apartments - FOR SALE
1/32
null | 5.02% Cap Rate

910 Dinsmore Ave
Far Rockaway, NY 11691


HIGHLIGHTS

  • Introducing a rare opportunity: A 40 unit residential building containing an adjacent lot with possibilities for expansion or additional development.

OVERVIEW

Introducing 910 Dinsmore Avenue, a rare opportunity in Far Rockaway, Queens. This 40-unit Multi-family Residential building also contains an adjacent lot of 8,181 sq ft. with possibilities for expansion and additional development. This building boasts a mix of newly renovated 1–2-bedroom apartments, fully renovated basement with office, and new boiler/ heating system. This is an ideal investment for developers seeking to capitalize on housing in the Far Rockaway area. Situated in a sought-after neighborhood, this multi-family property is within close proximity to both the vibrant communities of the Five Towns and the scenic coastline of Queens. Residents benefit from easy transportation including access to major highways, the Long Island Rail Road, and multiple bus routes, ensuring seamless connectivity to Manhattan. This multi-family property is equipped with advanced security system, including 24-7 surveillance, secure entry points and a live in Superintendent. The nearby Rockaway Beach and local parks offer excellent recreational opportunities. This property generates substantial rental income making it an attractive investment for both new and seasoned investors. This property is poised for significant appreciation in value over the upcoming years. All information was accessed from public record and the owner which is deemed to be accurate however buyer and buyer's agent must verify.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

40

PRICE/UNIT

$212,500

CAP RATE

5.02%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

RX3

APN/PARCEL ID

15516-0119

ASK ABOUT THIS PROPERTY

Meliza BerriosColdwell Banker American HomesMore Info
516-233-9888

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

Meliza BerriosColdwell Banker American HomesMore Info
516-233-9888

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