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  3171106 
164-166 Beach 116th Street 
Far Rockaway, NY 11694 

Description:
space Calling All Investors, Developers & End-Users!!! 6,000 Sqft. R7A-C1-3 Development Site For Sale!!! 164-166 Beach 116th Street Is Located Just A Few Hundred Feet From The Beach. The Property Features Heavy Foot Traffic, Excellent Signage, Strong Zoning, Great Exposure, +++!!! According To The Owner Up To 8 Stories Can Be Built!!! There''s Currently A 150+ Unit Building Being Completed Across The Street. The 12,000 Sqft. Building Was A Successful Hotel In The Past. The Building Is A Knockdown. The NYC Housing Preservation & Development Department Just Stated Another 800 New Apartments Were Just Financed In Bringing The New Total To Over 1,380 New Apartments Recently Added To The Peninsula Since The Recent Rezoning!!! This Is Your Chance To Own A Beach Hotel/ Mixed-Use Development!!! Expenses: Taxes: $21k Insurance: $2,800
 

Details:
space Property Type: Commercial
space Acres: 0.14
space Built: 1929
[Far Rockaway Real Estate, listing number 3171106]
photo tour    map    print   contact     Mortgage   

Financials:
space Listing Price: $3,688,000

space
R. Matthew Shane2
All Island Estates Realty Corp.
R. Matthew Shane
Lic. Real Estate Salesperson
office: 516-783-5600
Visit Website      Contact agent








 


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