1027 Beach 20 Th St | Image 1
1027 Beach 20 Th St | Image 2
1027 Beach 20 Th St | Image 3
1027 Beach 20 Th St | Image 4
1027 Beach 20 Th St | Image 5
1027 Beach 20 Th St | Image 6
1027 Beach 20 Th St | Image 7

$1,950,000

Pending

A year ago

MLS® 850258

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $23,265
Approx. Age 1931
MLS® Number 850258

Property Address: 1027 Beach 20th St, Far Rockaway, NY, 11691-3925

Average square foot calculated using Size range provided by listing agent.

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
MLS® Number850258
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1931
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Apr 17, 2025List Date
$1,950,000List Price
  • Commute

Commute

Starting Address
Destination Address
1027 Beach 20 Th St, Far Rockaway, NY

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