11417 Rockaway Beach Blvd, Rockaway Park, NY 11694
16 Unit Apartment Building | $3,400,000 ($212,500/Unit) | 9.25% Cap Rate | Rockaway Park, NY 11694
Asking Price $3,400,000
- Property Type
-
Multifamily
- Square Feet
- 17,421 SF
Listing Contacts
- Property Info
Property Overview
HIGHLIGHT:
CURRENT: 9 % CAP
PROJECTED: 13.25 % CAP
VERY LOW TAXES
100 FEET OF COMMERCIAL FRONTAGE
Most apartments only have 1-2 people living in each (low water consumption, low wear and tear, overall a quite and clean building)
Welcome to 11417 Rockaway Beach Blvd in Rockaway Park! This exceptional property presents a remarkable opportunity for investors and business owners. Boasting 16 spacious residential units situated above 5 strategically located commercial units, this corner mixed-use gem offers the perfect blend of convenience and potential. One of its outstanding features is the impressive 100 feet of commercial signage adorning the front of the building, ensuring maximum visibility and attracting customers from near and far. Moreover, its prime location just one block away from both the beach, within walking distance of the Rockaway Beach Ferry, and the bustling boardwalk guarantees a steady flow of foot traffic, creating an ideal environment for businesses to thrive. Additionally, the property's close proximity to the A train and various bus routes provides excellent transportation options for residents and customers alike, enhancing accessibility and convenience. Embrace this unique opportunity to own a property that combines prime location, diverse commercial spaces, and comfortable residential units in a vibrant neighborhood teeming with possibilities.
Over 17,000 SF corner mixed use building
Major capital improvements include new roof, aluminum windows, electrical service, restored marble, front lobby and steps, restored tiles in all lobby levels.
Fully sprinklered cellar containing the boiler room and utility meters.clean
CURRENT: 9 % CAP
PROJECTED: 13.25 % CAP
VERY LOW TAXES
100 FEET OF COMMERCIAL FRONTAGE
Most apartments only have 1-2 people living in each (low water consumption, low wear and tear, overall a quite and clean building)
Welcome to 11417 Rockaway Beach Blvd in Rockaway Park! This exceptional property presents a remarkable opportunity for investors and business owners. Boasting 16 spacious residential units situated above 5 strategically located commercial units, this corner mixed-use gem offers the perfect blend of convenience and potential. One of its outstanding features is the impressive 100 feet of commercial signage adorning the front of the building, ensuring maximum visibility and attracting customers from near and far. Moreover, its prime location just one block away from both the beach, within walking distance of the Rockaway Beach Ferry, and the bustling boardwalk guarantees a steady flow of foot traffic, creating an ideal environment for businesses to thrive. Additionally, the property's close proximity to the A train and various bus routes provides excellent transportation options for residents and customers alike, enhancing accessibility and convenience. Embrace this unique opportunity to own a property that combines prime location, diverse commercial spaces, and comfortable residential units in a vibrant neighborhood teeming with possibilities.
Over 17,000 SF corner mixed use building
Major capital improvements include new roof, aluminum windows, electrical service, restored marble, front lobby and steps, restored tiles in all lobby levels.
Fully sprinklered cellar containing the boiler room and utility meters.clean
Property Details
- Class
- B
- Year Built/Renovated
- 1908/2012
- Stories
- 3
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 16
Highlights
- 100 feet of frontage ! w/Five commercial spaces
- Corner Property
- projected 11.5% CAP!
- VERY LOW TAXES!
- Near the Boardwalk for High Foot Traffic
- One Block from the A Train / One Block from Beach
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