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    164-168 Beach 116Th St Far Rockaway, NY 11694

    For Sale
    $3,800,000

    Commercial Building - Far Rockaway, NY

    Property size:
    14,025 SF
    Days on Market:
    11
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 164-168 Beach 116Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Size
    14,025 SF

    Utilities

    Water front features
    H2oocean, Waterfront
    Water front
    1

    Building Details

    Year built
    1929
    Year renovated
    1929
    Floors in Building
    3
    Architectural style
    Other

    CAPLINE CONSOLIDATED LLC

    Listing agent Robert Shiryak

    Listing date Dec 3, 2025

    MLS# 11609530 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hospitality Asset in Rockaway Core

    This three-story, 14,025 square foot commercial building is located in the core of the Rockaways, on Beach 116th Street, offering direct access to the oceanfront and Rockaway Boardwalk. The existing structure, previously operated as a hotel, includes 38 guest rooms and a caretaker apartment. The property is governed by R7A/C1-3 zoning, facilitating the rehabilitation and re-establishment of a boutique hotel, conversion to market-rate residential units, or a mixed-use configuration. The property features approximately 60 feet of direct street frontage on Beach 116th Street. It is positioned one block from the A train subway terminal (Rockaway Park-Beach 116 Street) and near the NYC Ferry service to Lower Manhattan. The property is well-suited for multiple high-yield scenarios, including leveraging City programs such as FHEPS for transitional housing. The property will be delivered fully vacant.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Far Rockaway
    County
    Queens
    State
    New York
    Longitude
    -73.836445
    Latitude
    40.579132

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    FAQs

    What type of property is this?
    Hotel - Three-story hospitality asset near Rockaway Boardwalk and public transit.
    Where is this hotel located?
    The property is located at 164-168 Beach 116Th St Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Prime beach block location: Steps from the Rockaway Boardwalk and ocean on Beach 116th Street.; - Flexible R7A/C1-3 zoning facilitates multiple redevelopment options.; - Substantial existing asset: Three-story, 14,025 sq ft structure with C/O for 38 hotel rooms and a 5-bedroom apartment.
    Request Owner's contact information
    164-168 Beach 116Th St Far Rockaway, NY 11694
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164-168 Beach 116Th St Far Rockaway, NY 11694
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