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Active - House for sale

166 Beach 116th Street, Rockaway Park, NY 11694

7,350 sqft

Facts & features

House Property type
1153 days on Beycome
$517 Price/Sqft.
5,100 sqft Lot size

Why you’ll love it

Offering an exciting opportunity on Beach 116th Street. This property presents two options for potential investors: rehabilitating the existing building or constructing a brand new condominium building. The current structure boasts three full floors, each spanning over 2300 square feet, providing ample space for development. Situated on a thriving beach block, this property is just a few steps away from the beach and the newly built Boardwalk, offering residents a picturesque coastal lifestyle. Additionally, the location is conveniently close to all public transportation, including the A train, making commuting a breeze. The surrounding area is home to a variety of trending shops and restaurants, ensuring residents have access to a vibrant and dynamic community. With the Rockaways experiencing a surge in popularity and growth, now is the perfect time to invest in this promising neighborhood. The property will be delivered vacant, providing investors with a blank canvas to bring their vision to life. With zoning designations of R7A and C1-3, there is ample flexibility for development plans. Don't miss out on this incredible opportunity to be a part of the Rockaways' transformation.

Translating description...

Listed by: Lisa A Jackson • ljackson@rockaprop.com • ROCKAWAY PROPERTIES

Co-listed by: ROCKAWAY PROPERTIES

Come see by yourself

Affordability

$2,470,000$5,130,000
1%20%
0%90%
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Estimated monthly payment

$19,215/mo

  • Mortgage$19,215
  • Property tax$0
  • HOA fee
  • Homeowners insurance
Due at closing$3,021,000
Down payment held in escrow$760,000
Closing costs$57,000
beycome credit Est.$76,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

Discover the neighborhood

Travel times

About Rockaway Park

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$3,800,000 Listed price

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$76,000 Credit back

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