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621-627 Beach 20th Street 
Far Rockaway, NY 11691
2303629 

Description:
space Calling All Investors, Developers & End-Users!!! MAJOR 42,522 Sqft. Queens Development Site For Sale Featuring Pro Forma 9.95 Cap 11 Unit Mixed-Use Building With HUGE Yard For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong R5/C1-2 Zoning, 138 Parking Spaces, High 10'' Ceilings, 4 Lots, 8 Apartments, 3 Commerical Spaces, HUGE Yard, 2 Strategically Placed Curb Cuts, Separate Meters, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin'', McDonald''s, Key Food, Papa John''s, Domino''s, Popeye''s, Dollar General, Golden Krust, +++!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Furniture Store (3,648 Sqft.): $92,620 Ann. M-M. Smoke Shop: $31,200 Ann. M-M. 6 Rooms: $18,960 Ann.; M-M. 7 Rooms: $19,200 Ann.; M-M. 7 Rooms: $13,120 Ann.; M-M. 6 Rooms: $17,640 Ann.; M-M. Parking For 6 Cars: $48,000 Ann.; M-M. Yard (38,000 Sqft.): $600,000 Ann. (Available) Pro Forma Gross Income: $840,740 Ann. Expenses: Gas: $0 Ann. Electric: $3,100 Ann. Maintenance & Repairs: $2,250 Ann. Water & Sewer: $5,800 Ann. Insurance: $6,000 Ann. Flood Insurance: $3,000 Ann. Taxes: $129,011.04 Ann. Total Expenses: $149,161.04 Ann. Net Operating Income (NOI): $691,578.96 Ann. (Pro Forma 9.95 Cap!!!)Calling All Investors, Developers & End-Users!!! MAJOR 42,522 Sqft. Queens Development Site For Sale Featuring Pro Forma 9.95 Cap 11 Unit Mixed-Use Building With HUGE Yard For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong R5/C1-2 Zoning, 138 Parking Spaces, High 10'' Ceilings, 4 Lots, 8 Apartments, 3 Commerical Spaces, HUGE Yard, 2 Strategically Placed Curb Cuts, Separate Meters, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin'', McDonald''s, Key Food, Papa John''s, Domino''s, Popeye''s, Dollar General, Golden Krust, +++!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Furniture Store (3,648 Sqft.): $92,620 Ann. M-M. Smoke Shop: $31,200 Ann. M-M. 6 Rooms: $18,960 Ann.; M-M. 7 Rooms: $19,200 Ann.; M-M. 7 Rooms: $13,120 Ann.; M-M. 6 Rooms: $17,640 Ann.; M-M. Parking For 6 Cars: $48,000 Ann.; M-M. Yard (38,000 Sqft.): $600,000 Ann. (Available) Pro Forma Gross Income: $840,740 Ann. Expenses: Gas: $0 Ann. Electric: $3,100 Ann. Maintenance & Repairs: $2,250 Ann. Water & Sewer: $5,800 Ann. Insurance: $6,000 Ann. Flood Insurance: $3,000 Ann. Taxes: $129,011.04 Ann. Total Expenses: $149,161.04 Ann. Net Operating Income (NOI): $691,578.96 Ann. (Pro Forma 9.95 Cap!!!)
 

Details:
space Families: 11
space Property Type: Commercial
space Lot Size: 92x125
space Acres: 1.01
space Built: 1931
[Far Rockaway Real Estate, listing number 2303629]
photo tour    map    print   contact     Mortgage   

Financials:
space Listing Price: $6,450,000
Taxes: $129,011

space
R. Matthew Shane2
All Island Estates Realty Corp.
R. Matthew Shane
Lic. Real Estate Salesperson
office: 516-783-5600
Visit Website      Contact agent








 


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