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621 Beach 20th St
Far Rockaway, NY 11691

$6,450,000 USD

Storefront Retail Residential For Sale  •  16,360 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 16,360 SF
  • Lot Size 0.98 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 10.72 %
  • Tenancy Multiple
  • Zoning R5/C1-2
76 Transit Score
90 Walk Score

Highlights

Calling All Investors, Developers & End-Users!!! MAJOR 42,522 Sqft. Queens Development Site For Sale Featuring Proforma 9.5 Cap 11 Unit Mixed-Use Bldg
The Property Features Great Exposure, Excellent Signage, Strong R5/C1-2 Zoning, 138 Parking Spaces, High 10’ Ceilings, 4 Lots, 8 Apartments, +++!!!
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 / The Next Home For Your Business!!!

Financial Summary (Proforma)

Net Operating Income: $691,579 USD (2024)
Cap Rate: 10.72 %
Total Expenses: $149,161 USD

Amenities

  • 24 Hour Access
  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Far Rockaway Station (Far Rockaway Branch - Long Island Rail Road) 3 min 11 min 0.6 mi
Inwood Station (Far Rockaway Branch - Long Island Rail Road) 3 min 20 min 1.1 mi
Transit/SubwayDriveWalkDistance
Far Rockaway-Mott Avenue (A - New York MTA Subway (The Subway)) 2 min 5 min 0.3 mi
Beach 25 Street (A - New York MTA Subway (The Subway)) 2 min 10 min 0.6 mi
Beach 36 Street (A - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
John F Kennedy International 20 min - 10.2 mi
Laguardia 29 min - 16.0 mi
Newark Liberty International 56 min - 35.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial