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.