24,000 BSF Development Site in Queens

64-08 Beach Channel Drive, Queens, NY
Price: $2,300,000
Block/Lot 16038 / 70
Lot Sq Ft 10,000
Neighborhood: Rockaways
Maximum Buildable Sq Ft: 24,000
Residential FAR: 2
Commercial FAR: 2

About this property

ONE Commercial Realty Services is pleased to present 64-08 Beach Channel Drive in Queens. The subject property is a 12,000 SF lot located on Beach 64th Street and Beach Channel Drive in Rockaway, Queens. Public transportation is 0.3 miles from subject property at Beach 67th Station (”A” Train). As well as being so close to the beach, subject property is just 55 minutes by Ferry to Wall Street, Manhattan. The combined lot square footage is 12,000 SF. The Zoning is R5D and Special Purpose District Rockaway. The total BSF is 24,000.

Located approximately 3 minutes by car is “The Tides at Arverne By The Sea”, a 214-unit market-rate rental community, consisting of two mid-rise buildings offering a mix of commercial retail and parking on the ground floor and luxury apartments on the upper levels. Units range from studio to three bedroom with upscale finishes including wood floors, quartz countertops in kitchen and baths, glass backsplashes and stainless appliances in the kitchens. Many of the apartments offer balconies and direct ocean views.

This development signifies 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. 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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