Single-Story Storefront
66-12 BEACH CHANNEL DR, Far Rockaway, NY 11692
For Sale
Contact for pricing
An open interior can accommodate retail, food, service, or medical fit-outs.
Property Size2,000 SF
Price / SF$399.50
Days on Market41
Property Features for 66-12 BEACH CHANNEL DR
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Global Realty Services
Listed By:
Raj Whadwa · License NY #10401286837
(516) 316-0722
Source:
Crexi
Added: Oct 5
Changed: Nov 10
Last Checked: Nov 12 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Realty Services
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Investment Insights
Based on property information with market context.
At 66-12 Beach Channel Drive, this single-story retail building contains approximately 2,000 SF on a 20 x 100 ft lot. Built in 1931, the property has masonry walls, a full-width storefront, and a clear-span interior shell. Its open layout offers a flexible starting point for a range of commercial fit-outs, including food, convenience, service, or medical uses.
The building is on the north side of Beach Channel Drive near Beach 66 Street, one block from the Beach 67 Street A train station. Nearby context includes neighborhood food and convenience retailers, Arverne by the Sea, the Arverne East redevelopment, and the Rockaway Beach boardwalk.
The building is on the north side of Beach Channel Drive near Beach 66 Street, one block from the Beach 67 Street A train station. Nearby context includes neighborhood food and convenience retailers, Arverne by the Sea, the Arverne East redevelopment, and the Rockaway Beach boardwalk.
Key Highlights
- ±2,000 SF retail building
- 20 x 100 ft lot
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,700
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,000
$714.0K
Cap Rate 7%
$510,000
$510.0K
Cap Rate 9%
$396,667
$396.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.0K $30.00/SF
− Vacancy
−$9.0K −$4.50/SF
EGI
$51.0K $25.50/SF
− OpEx
−$15.3K −$7.65/SF
NOI
$35.7K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,000
Cap Rate 7%
$510,000
Cap Rate 9%
$396,667
Alternative Uses
Best Use
Retail
$510.0K
$446.3K – $595.0K
NOI $35,700 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
114k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 30%
Groceries 13%
Electronics 1%
McDonald's
Dining
35,790 visits/mo
0.1 miles
Key Food Supermarkets
Groceries
15,292 visits/mo
0.2 miles
Taco Bell
Dining
13,757 visits/mo
0.1 miles
BP
Shops & Services
11,745 visits/mo
0.2 miles
Chase Bank
Shops & Services
9,620 visits/mo
0.2 miles
Demographics for 11692, NY
22,776
Population
8,475
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
22,776
Density / Sq Mi
$49,507
Median Household Income
$39,737
Median Earnings
$1,274
Median Rent
$650,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Queens County, NY
Properties on Market for Storefront properties in Queens County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Lv flowers. — Queens, NY 11694
- Estebelle Flowers — 10-38 Bay 24th St, Queens, NY 11691
- Queen Anna's Flowers — 1019 Beach 20th St, Far Rockaway, NY 11691
- Aviva Flowers — 1218 B 12th St, Queens, NY 11691
Frequently Asked Questions
What type of property is this?
Storefront property - An open interior can accommodate retail, food, service, or medical fit-outs.
Where is this storefront property located?
The property is located at 66-12 BEACH CHANNEL DR Far Rockaway, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: ±2,000 SF retail building; 20 x 100 ft lot; Built in 1931
