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6707 Beach Channel Dr - Development Opportunity in the Rockaways! 0.08 Acres of Residential Land Offered at $610,191 CAD in Arverne, NY 11692
Investment Highlights
- Fully approved plans for 6-unit Proposed 5,330sf, four story mixed use building
- Potential 20% unlevered ROI - detailed development study available upon request
- Site demolished and ready for sitework & vertical construction
Executive Summary
Fully approved for 6-unit mixed-use four-story building
EXCELLENT YoC using subsidized housing model
Residential apartments: 2 x 3 bedrooms; 3 x 1 bedroom, w/full kitchens and balconies
Community professional space
3 on-site parking spaces
Site demolished and ready for sitework & vertical construction
***Potential 48+% unlevered ROI w/voucher-supported income***
EXCELLENT YoC using subsidized housing model
Residential apartments: 2 x 3 bedrooms; 3 x 1 bedroom, w/full kitchens and balconies
Community professional space
3 on-site parking spaces
Site demolished and ready for sitework & vertical construction
***Potential 48+% unlevered ROI w/voucher-supported income***
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $610,191 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Property Type | Land | ||
| Zoning | R5D - - Medium Density District | ||
| Price | $610,191 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.08 AC |
| Zoning | R5D - - Medium Density District |
1 Lot Available
Lot
| Price | $610,191 CAD | Lot Size | 0.08 AC |
| Price Per AC | $7,627,387.32 CAD |
| Price | $610,191 CAD |
| Price Per AC | $7,627,387.32 CAD |
| Lot Size | 0.08 AC |
3,485 sq (.08ac) ~34’ x 100’ Zoning: R5-D FAR (per approved plans): 1.5
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Number | 15915-0052 | Improvements Assessment | $0 CAD |
| Land Assessment | $25,299 CAD | Total Assessment | $9,846 CAD |
Property Taxes
Parcel Number
15915-0052
Land Assessment
$25,299 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,846 CAD
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6707 Beach Channel Dr - Development Opportunity in the Rockaways!
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