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92-02 Rockaway Beach Blvd 12,500 SF 100% Leased Retail Building Rockaway Beach, NY 11693 $7,258,125 CAD ($580.65 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner Lot
- Two Blocks from Beach, Subway, Cross Bay Bridge
- 100% Full leased with Steady long term tenants
- Located on busy shopping strip
EXECUTIVE SUMMARY
GREINER-MALTZ has been retained on an exclusive basis to handle the sale of this 100% fully leased property in FAR ROCKAWAY.
As quoted by many sources , Far Rockaway is quickly developing into the new Miami with new posh developments going up along the shore line. Located on a busy shopping strip, this building is in excellent condition, has steady long term paying tenants which are staples in the neighborhood and benefit from repeat business and one 3 BR apt located on the 2nd fl. which has been there for a while.
The building is very centrally located:
Two Blocks from the Beach,
Two Block from the Subway Station.
Two Blocks from Cross Bay Memorial Bridge.
One Block from Municipal Parking lot
Same block as Police and Fire .
Excellent 1031 opportunity if you need to park money. Hard to see where you go wrong with this cash cow of a property.
Call Eitan at 917-716-7751 for more details.
As quoted by many sources , Far Rockaway is quickly developing into the new Miami with new posh developments going up along the shore line. Located on a busy shopping strip, this building is in excellent condition, has steady long term paying tenants which are staples in the neighborhood and benefit from repeat business and one 3 BR apt located on the 2nd fl. which has been there for a while.
The building is very centrally located:
Two Blocks from the Beach,
Two Block from the Subway Station.
Two Blocks from Cross Bay Memorial Bridge.
One Block from Municipal Parking lot
Same block as Police and Fire .
Excellent 1031 opportunity if you need to park money. Hard to see where you go wrong with this cash cow of a property.
Call Eitan at 917-716-7751 for more details.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,500 SF
Building Class
C
Year Built/Renovated
1914/2013
Price
$7,258,125 CAD
Price Per SF
$580.65 CAD
Cap Rate
5.65%
NOI
$410,084 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.24 AC
Zoning
R6, Queens, (G9), C2-3
Frontage
72’ on Rockaway Beach Blvd
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16127-0016 | Improvements Assessment | $795,051 CAD |
| Land Assessment | $336,163 CAD | Total Assessment | $1,131,214 CAD |
PROPERTY TAXES
Parcel Number
16127-0016
Land Assessment
$336,163 CAD
Improvements Assessment
$795,051 CAD
Total Assessment
$1,131,214 CAD
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92-02 Rockaway Beach Blvd
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