Mixed-Use Building in Rockaway Beach

$1,850,000
87-10 Rockaway Beach Boulevard, Queens, Far Rockaway, NY, USA
Price: $1,850,000
Building Type: Mixed-Use
Lot Sq Ft 3,011
Lot Dimensions 35.42' x 85'
Zoning: R5D, C2-3
Neighborhood: Rockaway Beach
Residential FAR: 2
Commercial FAR: 2

About this property

ONE Commercial Realty Services has been retained on an Exclusive Basis for the sale of 87-10 Rockaway Beach Boulevard in Queens. 87-10 Rockaway Beach Boulevard is a prime Mixed-Use Asset located on Rockaway Beach Boulevard, between Beach 87th Street and Beach 88th Street. Subject Property is located 0.2 Miles (5 minute walk) from Beach 90th Street Station in Rockaway Beach (A Train). 87-10 Rockaway Beach Blvd. is just 8 minutes by foot to the beach, 2 minutes by car. As well as being so close to the Beach, 87-10 Rockaway Beach Boulevard is just 40 minutes by Ferry to Wall St. Manhattan. The lot square footage is 3,011. The Zoning is R5D, C2-3, and Special Purpose District Rockaway.

The building consists of 2 commercial units, and 2 residential units. Located 3 minutes by car from subject property is 91-16 Shore Front Parkway, a 52,819 SF Residential Condominium consisting of 43 Units sitting on a 16,124 SF lot. One block away is a 67,500 SF 78 unit affordable housing development at 93-06 Shore Front Parkway sitting on a 18,487 SF lot. 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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