84 Front St East Rockaway, NY 11518
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.