98-18 Rockaway Beach Blvd, Rockaway Park, NY
9,800 SF mixed-use building with retail and residential space.
- Added:
- Jul 7, 2023
- Days on Market:
- 1071
- Last Refresh:
- May 19 at 10:13 pm
Property Features for 98-18 Rockaway Beach Blvd
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Lot size
- 0.14 Acres
- Property subtype
- MULTIFAMILY
Listing agent Ira Sherman (516) 987-0027
Listing office Greiner-Maltz Real Estate - Corporate (516) 987-0027
Listing date Jul 7, 2023
Source Moodyscre
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 Greiner-Maltz Real Estate - Corporate
HighLights
- Large Building Size: 9,800 SF total, offering significant space.
- Mixed‑Use Zoning (R4‑1, C1‑3): Allows for both residential and commercial use.
- Substantial Retail Space: 3,200 SF dedicated to retail, ideal for generating rental income.
- Significant Residential Space: 6,600 SF of residential space, suitable for multiple units.
- Large Lot Size: 5,902 SF lot dimension.
- Over 6 Family with Stores (C7) Building Class: Suitable for a multi‑family investment property with commercial units.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $452.8k | $46.20 |
| − Vacancy | −$17.2k | −$1.76 |
| EGI | $435.6k | $44.44 |
| − OpEx | −$196.0k | −$20.00 |
| NOI | $239.6k | $24.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockaway Park
- County
- Queens
- State
- New York
- Longitude
- -73.771
- Latitude
- 40.5968