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    84 Front St East Rockaway, NY 11518

    Sponsored
    For Sale
    $1,500,000

    Profitable Marina, Two Buildings, 12,670 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional waterfront investment opportunity encompasses two buildings totaling 12,670 square feet situated at 76-78 and 84 Front Street, East Rockaway, NY 11518. The property boasts 160 feet of newly installed bulkhead and permits are in place for 31 boat slips, presenting significant income potential. One building currently generates income, offering immediate return on investment. The property's zoning allows for both commercial and residential development, providing flexibility for future expansion and diversification. The location in Nassau County, New York, offers easy access to the bustling Long Island area. This unique property is being offered for sale by owner at $1,500,000. The combined properties provide a substantial footprint for a variety of uses, making this a rare and compelling opportunity in the competitive East Rockaway waterfront market. The existing infrastructure, including the new bulkhead and permitted slips, significantly reduces the time and cost associated with development. This is a turnkey opportunity for an investor seeking a high-return, waterfront asset with immediate income generation and significant upside potential.

    Property Features for 84 Front St

    General Information

    Property type
    Marinas

    Building Details

    Buildings
    2

    HighLights

    • 160 feet of newly installed bulkhead.
    • Permits for 31 boat slips.
    • 12,670 square feet across two buildings at 76‑78 and 84 Front Street, East Rockaway, NY.
    • One building currently generates income.
    • Commercial and residential zoning allows for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    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
    East Rockaway
    County
    Nassau
    State
    New York
    Longitude
    -73.660761625801
    Latitude
    40.637132540964

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    FAQs

    What type of property is this?
    Marina - Profitable Marina, Two Buildings, 12,670 sq ft
    Where is this marina located?
    The property is located at 84 Front St East Rockaway, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 160 feet of newly installed bulkhead.; Permits for 31 boat slips.; 12,670 square feet across two buildings at 76-78 and 84 Front Street, East Rockaway, NY.
    Request Owner's contact information
    84 Front St East Rockaway, NY 11518
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    East Rockaway, NY 11518
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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
    84 Front St East Rockaway, NY 11518
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