Turnkey Investment Opportunity - 10-Family Fully Rented Property in Rockaway Park with a 7.56% CAP Rate! Welcome to 131 Beach 121st St, a prime 10-unit multifamily investment property situated in the highly desirable Rockaway Park neighborhood. This fully rented, meticulously maintained building presents an exceptional opportunity for investors seeking strong cash flow and a remarkable 7.56% cap rate. Property Highlights: 10 Fully Renovated Units - A mix of spacious 1BR, 2BR, and 3BR apartments. Turnkey Investment - All units are leased at market or pro forma rents. Annual Gross Rental Income: $352,380 (actual), with potential for $382,200 (pro forma). Low Vacancy Rate: Only 2%, ensuring minimal income loss. Strong Market Demand: Surrounded by beaches, parks, and convenient transit options. Well-Maintained Property: All units feature modern updates, some with private terraces and ocean views. Located just steps from Rockaway Beach, this property offers the perfect blend of seaside living and urban convenience, making it highly attractive to tenants year-round. Investors can enjoy immediate cash flow with a strong upside, as Rockaway Park continues to grow as one of NYC's hidden gems. *Rent Roll and Indivisual Apartment Photos in the Secure Documents Section.