192 Beach 102nd - 23,617 sf

Rockaway Park, Queens Investment Property

Property Details

New construction, rent stabilized multi-family with 421A Tax Abatement. NOI approximately $300k - great income producing asset and 1031 candidate. Subway location, short distance to beach and promenade.

Location

Address
192 Beach 102nd , Rockaway Pk, Queens, NY 11694
Block
16174
Lot
22
Subway
A S

Sq Ft

Available Space
23,617 sf
Bldg Area
23,617 sf
Plot
9,585 sf
Total Units
22

Financials

Asking Sale
$5,200,000.00
Taxes
$16,637.00

Construction

Use
Investment Investment-Residential
Bldg Description
Multi-story
Stories
4
Zone
R5D
FAR
2

Image Gallery

Documents

Rockaway Park OM_sm
192 Beach 102nd - 23,617 sf Brochure

Location

A
S

Zoning

R5D districts, designed to encourage new development on major streets in autodependent areas of the city. Characterized by moderate-density, multi-family housing, R5D districts require a maximum floor area ratio (FAR) of 2.0, a height limitation of 40 feet and a significant amount of accessory parking.

The minimum lot width for single- and two-family detached houses is 25 feet; side yards are not required on lots less than 30 feet wide. As in R4B and R5B districts, the front yard must be at least 5 feet deep and it must be at least as deep as one adjacent front yard but no deeper than the other, to a maximum depth of 20 feet. Rear yards are required for all interior and through lots. Certain amenities of the Quality Housing Program are mandatory, including plantings betweenthe building and the front lot line and one street tree for every 25 feet of lot frontage. Off-street parking, which is not permitted in front of a building, is required for 66% of all dwelling units. Only one parking space may be waived.

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