1027 Beach 20th St - Storefront Retail/Office FOR SALE


Far Rockaway, NY 11691- Downtown Far Rockaway
$2,200,000 USD
516-279-8828
1027 Beach 20th St, Far Rockaway, NY for Sale
$2,200,000 USD
Storefront Retail/Office - FOR SALE
1/31
null | 19.34% Cap Rate

1027 Beach 20th St
Far Rockaway, NY 11691
Downtown Far Rockaway


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! OPPORTUNITY ZONE 15,000 Sqft. 3 Unit Free Standing Building With Private Parking Lot For Sale!!!
  • The Property Features Great Exposure, Excellent Signage, R6/C2-4 Zoning, 12 Parking Spaces In A Private Gated Lot, High 20’ Ceilings, CAC, +++!!!
  • The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!!
  • Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin’, McDonald’s, Key Food, +++!!!
  • This Property Offers HUGE Upside Potential!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! OPPORTUNITY ZONE 15,000 Sqft. 3 Unit Free Standing Building With Private Parking Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, R6/C2-4 Zoning, 12 Parking Spaces In A Private Gated Lot, High 20’ Ceilings, Strategically Placed Curb Cut, Separate Meters, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin’, McDonald’s, Key Food, Papa John’s, Domino’s, Popeye’s, Dollar General, Golden Krust, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!  Income: Community Center (3,750 Sqft.): $147,600 Ann.; 3% Ann. Inc; Lease Exp.: 2027 + (1) 5 Year Option. 2nd Floor (3,750 Sqft.): $112,500 Ann. (Available)  3rd Floor (3,750 Sqft.): $127,500 Ann.(Available) LL (3,750 Sqft.):  $68,200 Ann. (Available) Pro Forma Gross Income: $455,800 Ann.  Expenses: Gas: $0 Ann.  Electric: $0 Ann.  Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $3,823 Ann.  Flood Insurance: $3,000 Ann.  Taxes: $23,265.32 Ann.  Total Expenses: $30,338.32 Ann. Net Operating Income (NOI): $425,461.68 Ann. (Pro Forma 19.34% Cap!!!)

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

19.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

R6/C4-2

APN/PARCEL ID

15704-0066

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.