Free Market Multi-Family Property NEWLY RENOVATED on 7,500 SF Lot + Future Development Opportunity High Yield Projected 9.3% Capitalization Rate , Perfect Opportunity to live in your investment , RENT FREE! Walk to Subway A Train,(LIRR) Long Island Rail Road, All Busses to Nassau County, Queens, Brooklyn and Ferry Service to Manhattan. Far Rockaway, located in Queens, New York, is accessible via several public transportation options: Subway: Over the past five years, Far Rockaway has experienced significant development, enhancing its infrastructure, housing, and community amenities. Notable projects include: Far Rockaway, long known for its stunning beachfront and historic charm, is undergoing a remarkable transformation into a vibrant, modern community. This evolution is driven by a blend of public and private investments, reshaping the neighborhood into a hub for living, working, and recreation while retaining its unique character. Rockaway Village Development: A multi-phase initiative introducing approximately 1,700 affordable housing units across eight buildings near the Far Rockaway-Mott Avenue subway station. This project also incorporates retail spaces and community facilities, aiming to revitalize the area. LETTIRE.com Edgemere Commons: A mixed-use development on the former Peninsula Hospital site, featuring 2,050 affordable apartments, retail spaces, and a 35-acre nature preserve. The first phase includes a 17-story building with 194 affordable units and a 23,000-square-foot supermarket. 6SQFT.com Beach 21st Street Development: This project has transformed vacant city-owned land into a mixed-use development with affordable housing, daycare facilities, and retail spaces, contributing to the area's revitalization. NYC.GOV Arverne East Aquatic Center: A $46.1 million investment has introduced the first public pool to the Arverne and Edgemere neighborhoods, enhancing recreational facilities for residents. A Train: Provides service to the Far Rockaway–Mott Avenue station. Long Island Rail Road (LIRR): METROPOLITAN TRANSIT AUTHORITY (MTA) Far Rockaway Branch: Offers commuter rail service to the Far Rockaway station, which is accessible and equipped with amenities such as ticket machines, a waiting area, and customer service. BUS SERVICE Q22 Bus: Operates along Rockaway Beach Boulevard, connecting various neighborhoods, including Far Rockaway. Q35 Bus: Provides service along Beach Channel Drive, connecting Far Rockaway to other parts of Queens. Q53 SBS (Select Bus Service): Offers faster service along Rockaway Beach Boulevard, with limited stops. QM17 Bus: An express bus connecting Far Rockaway to Midtown Manhattan via Beach Channel Drive, Rockaway Beach Boulevard, and Cross Bay Boulevard. FERRY SERVICE NYC Ferry: Offers a scenic and affordable way to see New York City landmarks for just $4 per ride, covering routes through Manhattan, Brooklyn, Queens, the Bronx, and Staten Island. Passengers can enjoy views of the skyline and major attractions with a drink from the onboard bar. Nassau County Bus Services (NICE Bus System): N32 Bus: Runs from Hempstead Transit Center to Far Rockaway, traveling via Hempstead Avenue and Broadway with multiple local stops. N31 Bus: Operating between Hempstead Transit Center and Far Rockaway, this bus provides local service with several stops. N33 Bus: A loop route connecting Far Rockaway to Long Beach, providing service to both coastal areas. MTA BUS ROUTES Q111, Q113, and Q114 Buses: These routes connect the Jamaica and Far Rockaway neighborhoods of Queens, running primarily along Guy R. Brewer Boulevard. The Q113 and Q114 offer limited-stop service between Jamaica and Far Rockaway, crossing into Nassau County.