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Three-Story Oceanfront Hotel Asset
For Sale
$4,000,000

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

Commercial Sale, Far Rockaway, NY

Property Size14,025 SF
Lot Size0.14 Acres
Price / SF$285.20
Days on Market317

Property Features for 164-168 Beach 116th St

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Rockaway Park
View City, Ocean
Standard status Active
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 24660

Utilities

Water front features Ocean Front
Water front 1

Building Details

Year built 1929
Floors in Building 3
Listing Agency: CAPLINE CONSOLIDATED LLC
Listed By: Robert Shiryak · License #NY10491213394
Added: Nov 10, 2025 Changed: Sep 15 Last Checked: Sep 23 at 3:06AM
MLS# 11609530

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This three-story hospitality property contains 14,025 square feet and is being delivered fully vacant. The existing structure includes 38 guest rooms and a separate five-bedroom apartment previously covered by a Certificate of Occupancy for 38 Class B hotel units and one Class A apartment. Built in 1929, the property offers an established building shell for renewed hotel operations, residential conversion, or a mixed-use plan, subject to applicable approvals.

The site fronts approximately 60 feet on Beach 116th Street and includes an oceanfront location near the Rockaway Boardwalk. R7A/C1-3 zoning supports the range of redevelopment concepts identified for the property. Transit access includes the Rockaway Park-Beach 116 Street A train terminal and the NYC Ferry dock, connecting the site with Manhattan and other parts of New York City.

Key Highlights

  • 14,025‑square‑foot, three‑story structure built in 1929
  • Existing layout includes 38 guest rooms and one five‑bedroom apartment
  • Previous C/O covered 38 Class B hotel units and one Class A apartment

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Law Firm Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store Barber Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

814
Businesses Nearby

Demographics for 11694, NY

19,780
Population
9,103
Households
2.2
Avg Household Size
46
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
11,635
Density / Sq Mi
$103,792
Median Household Income
$65,602
Median Earnings
$1,787
Median Rent
$839,000
Median Home Value
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Frequently Asked Questions

What type of property is this?
Hotel - Vacant hospitality property with redevelopment flexibility, oceanfront access, and proximity to subway and ferry connections.
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 $4,000,000.
What are key features of this property?
This property features: 14,025‑square‑foot, three‑story structure built in 1929; Existing layout includes 38 guest rooms and one five‑bedroom apartment; Previous C/O covered 38 Class B hotel units and one Class A apartment
More about this property
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