57,250 BSF Mixed-Use Development Site Assemblage in Queens

$6,900,000
87-20, 87-06,87-12 Rockaway Beach Blvd & 221 Beach 87 Street, Queens
Price: $6,900,000
Building Type: Development Site
Block/Lot 16121 / 133,136, 138, 143, 145
Lot Sq Ft 28, 760
Lot Dimensions 124' x 196'
Zoning: R5D, R4-1, C2-3, Special Purpose District
Neighborhood: Rockaway Beach
Maximum Buildable Sq Ft: 57,520
Residential FAR: 2
Commercial FAR: 2

About this property

ONE Commercial Realty Services has been retained on an Exclusive Basis for the sale of 87-02, 87-06 & 87-12 Rockaway Beach Boulevard and 221 Beach 87th Street in Queens.

Subject property is a prime Mixed-Use Development, 5 contiguous lot Assemblage located on Rockaway Beach Boulevard, between Beach 87th and Beach 88th Street. Subject Property is located 0.2 Miles (5 minute walk) from Beach 90th Station in Rockaway Beach (A Train). 87-02 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, subject property is just 55 minutes by Ferry to Wall Street, Manhattan, which began service in January of 2018.

The lot square footage is 28,760 SF. The Zoning is R5D, R4-1, C2-3, and Special Purpose District Rockaway. The buildable square footage is 57,520 SF. 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. 1 block away is a 67,500 SF 78 unit 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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