1 of 8 - 621-627 Beach 20th Street, Far Rockaway, NY Save the listing
2 of 8 - 621-627 Beach 20th Street, Far Rockaway, NY
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621-627 Beach 20th Street, Far Rockaway, NY

$6,450,000

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16,360

Square feet

About 621-627 Beach 20th Street

Calling All Investors, Developers & End-Users!!! MAJOR 42,522 Sqft. Queens Development Site For Sale Featuring Pro Forma 9.95 Cap 11 Unit Mixed-Use Building With HUGE Yard For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong R5/C1-2 Zoning, 138 Parking Spaces, High 10' Ceilings, 4 Lots, 8 Apartments, 3 Commerical Spaces, HUGE Yard, 2 Strategically Placed Curb Cuts, Separate Meters, CAC, +++!!! 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, Papa John's, Domino's, Popeye's, Dollar General, Golden Krust, +++!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Furniture Store (3,648 Sqft.): $92,620 Ann. M-M. Smoke Shop: $31,200 Ann. M-M. 6 Rooms: $18,960 Ann.; M-M. 7 Rooms: $19,200 Ann.; M-M. 7 Rooms: $13,120 Ann.; M-M. 6 Rooms: $17,640 Ann.; M-M. Parking For 6 Cars: $48,000 Ann.; M-M. Yard (38,000 Sqft.): $600,000 Ann. (Available) Pro Forma Gross Income: $840,740 Ann. Expenses: Gas: $0 Ann. Electric: $3,100 Ann. Maintenance & Repairs: $2,250 Ann. Water & Sewer: $5,800 Ann. Insurance: $6,000 Ann. Flood Insurance: $3,000 Ann. Taxes: $129,011.04 Ann. Total Expenses: $149,161.04 Ann. Net Operating Income (NOI): $691,578.96 Ann. (Pro Forma 9.95 Cap!!!)

Features of 621-627 Beach 20th Street

MLS® # L3531678
Price $6,450,000
Bathrooms 0.00
Square Footage 16,360
Square Footage 42522
Acres 0.00
Year Built 1931
Type Commercial
Sub-Type Retail
Status Pending

Community Information

Address 621-627 Beach 20th Street
City Far Rockaway
County Queens
State NY
Zip Code 11691

Amenities

Parking Spaces 138
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 3

Additional Information

Listing Courtesy of All Island Estates Realty Corp
Date Listed February 14th, 2024
Days on Market 635
Zoning R5, C1-2
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAll Island Estates Realty Corp

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