Rockaway Park, Queens Investment Property
Description
New construction, rent stabilized multi-family with 421A Tax Abatement. NOI approximately $480k - great income producing asset and 1031 candidate. Subway location, short distance to beach and promenade.
Documents
Location
Address
215 Beach 101st St, Rockaway Pk, Queens, NY 11694
Block
16157
Lot
8
Subway
A
S
Sq Ft
Available Space
24,705 sf
Parking Spaces
Yes
Plot
12,500 sf
Total Units
32
Financials
Asking Sale
$8,200,000.00
Taxes
$12,023.00
Construction
Use
Investment
Bldg Type
Multi-story
Stories
4
Zone
R5D
FAR
2
Image Gallery
Location
A
S
Zoning
R5D Zone
R-zones are intended for residential development, encompassing a wide range of housing types from single-family homes to apartment buildings. These zones are regulated by zoning laws to ensure that residential buildings meet specific density, height, and setback requirements to maintain neighborhood character and quality of life.
Typical Uses
Lower density developments such as detached or semi-detached single-family homes, townhouses, and low-rise apartment buildings.