Technical
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Property profile

100-02 Rockaway Bch Blvd Queens, NY 11694

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional corner lot, spanning 100-02 through 100-08 Rockaway Beach Boulevard in Queens, New York (zip code 11694), presents a unique investment opportunity. The property boasts a desirable location in the heart of Rockaway Beach and is zoned R5D/C1-3, offering significant development potential. The 25x100 foot lot allows for 5,000 square feet of buildable space as of right. This versatile parcel is ideal for a mixed-use development, potentially incorporating a ground-floor commercial space with residential units above, or a multi-family residential building with ground-floor parking. Pre-existing architectural plans and renderings for a purely residential project, featuring various unit configurations (including options for six one-bedroom and three two-bedroom apartments, or three one-bedroom and three two-bedroom units, all with ground-floor parking), are available to the buyer. These plans are ready for submission to the city. The property's zoning and potential make it an excellent candidate for expedited approval under the City of Yes initiative. The asking price for this prime property is $699,000.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100-02 Rockaway Bch Blvd Queens, NY 11694
Queens metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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