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166 Beach 116th 14 025 pi² 100% Loué Local d'activités Immeuble Rockaway Park, NY 11694 5 210 408 $ CAD (371,51 $ CAD/pi²)
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Faits saillants de l'investissement
- It comes with a previous Certificate of Occupancy (C/O) for 38 Class B units (hotel rooms) and one Class A unit.
- The site boasts excellent public transit accessibility, positioned one block from the A train subway terminal (Rockaway Park-Beach 116 Street).
- The property is well-suited for multiple high-yield scenarios, including leveraging City programs such as FHEPS for transitional housing.
- The property is situated just steps from the Rockaway Boardwalk and the ocean, offering a high-demand coastal location.
Résumé de l'annonce
Exceptional investment and redevelopment opportunity for a three-story hospitality asset located in the core of the Rockaways. The property is positioned on Beach 116th Street, providing immediate, direct access to the oceanfront and the newly enhanced Rockaway Boardwalk.
The existing structure, previously operated as a hotel, features a substantial infrastructure including 38 guest rooms and a dedicated caretaker or management apartment.
The site is governed by flexible R7A/C1-3 zoning, facilitating multiple paths for value creation, including: the rehabilitation and re-establishment of a boutique hotel, conversion to market-rate residential units (rental or condominium), or a strategic mixed-use configuration.
Its location is complemented by superior transit infrastructure, situated adjacent to the A train terminus (Rockaway Park-Beach 116 Street) and the NYC Ferry dock, ensuring high connectivity to Manhattan and the outer boroughs. This offering represents a rare opportunity to capture significant upside in a growing coastal New York City submarket.
The existing structure, previously operated as a hotel, features a substantial infrastructure including 38 guest rooms and a dedicated caretaker or management apartment.
The site is governed by flexible R7A/C1-3 zoning, facilitating multiple paths for value creation, including: the rehabilitation and re-establishment of a boutique hotel, conversion to market-rate residential units (rental or condominium), or a strategic mixed-use configuration.
Its location is complemented by superior transit infrastructure, situated adjacent to the A train terminus (Rockaway Park-Beach 116 Street) and the NYC Ferry dock, ensuring high connectivity to Manhattan and the outer boroughs. This offering represents a rare opportunity to capture significant upside in a growing coastal New York City submarket.
Faits sur la propriété
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Walk Score®
Très pratique à pied (83)
Transit Score®
Excellent transport en commun (85)
Impôts fonciers
| Numéro de lot | 16188-0070 | Évaluation des bâtiments | 140 804 $ CAD |
| Évaluation du terrain | 173 383 $ CAD | Évaluation totale | 314 188 $ CAD |
Impôts fonciers
Numéro de lot
16188-0070
Évaluation du terrain
173 383 $ CAD
Évaluation des bâtiments
140 804 $ CAD
Évaluation totale
314 188 $ CAD
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166 Beach 116th
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