NY
Queens
Far Rockaway
11691
1027 Beach 20th Street
1027 Beach 20th Street, Far Rockaway, NY 11691
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Listing Type
Commercial/Industrial
Listing Status
pending
31
$1,950,000

Home Details for 1027 Beach 20th Street

Price
$1,950,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1931
Lot size acres
0.1837
County
Queens
Garage
Basement
None
Days on site
158
MLS Listing#
850258
Property Description

Calling All Investors, Developers & End-Users!!! OPPORTUNITY ZONE 15,000 Sqft. 3 Unit Free Standing Building With Private Parking Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, R6/C2-4/DFR Zoning, 12 Parking Spaces In A Private Gated Lot, High 20’ Ceilings, Strategically Placed Curb Cut, Separate Meters, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd.2100212!!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin’, McDonald’s, Key Food, Papa John’s, Domino’s, Popeye’s, Dollar General, Golden Krust, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Community Center (37,50 Sqft.): $147,600 Ann.; 3% Ann. Inc; Lease Exp.: 2027 + (1) 5 Year Option. 2nd Floor (3,750 Sqft.): $112,500 Ann. (Available) 3rd Floor (3,750 Sqft.): $127,500 Ann.(Available) LL (3,750 Sqft.): $68,200 Ann. (Available) Pro Forma Gross Income: $455,800 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $3,823 Ann. Flood Insurance: $3,000 Ann. Taxes: $23,265.32 Ann. Total Expenses: $30,338.32 Ann. Net Operating Income (NOI): $425,461.68 Ann. (Pro Forma 21.82% Cap!!!) R

Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • See Remarks
  • Basement
    • None
Listing Courtesy: All Island Estates Realty Corp - 516-783-5600
Presented by: Richard Matt Shane
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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EXIT REALTY ALL CITY
230-16 Merrick Blvd, Laurelton, NY 11413
Office
718 276 0070
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