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OFF-MARKET
Specialty properties

84 Front St East Rockaway, NY 11518

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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