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

This three-story, 14,025 square foot structure is an investment and redevelopment opportunity located in the core of the Rockaways. Previously operated as a hotel, the existing structure features 38 guest rooms and a dedicated caretaker or management apartment. The property is positioned on Beach 116th Street, providing direct access to the oceanfront and the Rockaway Boardwalk. The site is governed by R7A/C1-3 zoning, facilitating the rehabilitation and re-establishment of a boutique hotel, conversion to market-rate residential units (rental or condominium), or a strategic mixed-use configuration. The property has a previous Certificate of Occupancy (C/O) for 38 Class B units (hotel rooms) and one Class A, five-bedroom apartment. The property is situated steps from the Rockaway Boardwalk and the ocean, offering a coastal location that drives seasonal tourism and year-round residential appeal. It features approximately 60 feet of direct street frontage on Beach 116th Street. 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. The site boasts public transit accessibility, positioned one block from the A train subway terminal (Rockaway Park-Beach 116 Street) and within short proximity to the NYC Ferry service to Lower Manhattan.