10,000 BSF Development Site in Rockaway Beach

163 Beach 96th Street, Queens, Far Rockaway, NY, USA
Price: $1,200,000
Building Type: Development Site
Lot Sq Ft 5,000
Lot Dimensions 50' x 100'
Zoning: R5D
Neighborhood: Rockaway Beach
Maximum Buildable Sq Ft: 10,000
Residential FAR: 2

About this property

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 163 Beach 96th Street in Queens. The subject property is a prime beach development opportunity located on Beach 96th Street seconds from the beach, on a block loaded with current development. Public transportation is 0.3 miles (5 minute walk) from subject property at (Beach 98th Street Station-Playland) in Rockaway Beach (A Train). As well as being so close to the Beach, 163 Beach 96th Street is just 65 minutes by Ferry to Wall Street, Manhattan. The lot square footage is 5,000. The Zoning is R5D & Special Purpose District Rockaway.

Located directly next door to subject development site sitting on a an identical 5,000 SF lot is 157 Beach 96th Street, a 4 story 10,000 SF Residential Development with plans filed for 10 Units with an occupancy classification of R-2. Two lots away across the street is 142 Beach 96th Street, a brand new glass facade 3 story 23,875 SF Residential Development consisting of 29 Apartment Units sitting on a 13,100 SF lot. There is massive potential for another residential development on this block. Both of these developments signify the shared goal of rejuvenating a prime beachfront community that is ripe with developmental opportunity.

Approximately 10 minutes by car is downtown Far Rockaway, which is currently undergoing a $288 million infrastructure facelift. It’s the first rezoning since 1961, and if all goes according to plan, the project will drive economic growth, improve infrastructure and transit connectivity, bring about affordable housing options and develop new commercial space, and transform The Rockaway’s into a summer destination for tourists and New Yorkers alike.

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