This exceptional 5,465 square foot vacant lot presents a remarkable development opportunity in the heart of Rockaway, Queens, New York. Located just one block from the beach at 101 Beach Street, this property (Lot 6) measures 81.74 feet by 70.95 feet. Zoning regulations permit the construction of a multi-family building up to four stories high, potentially accommodating up to fifteen apartments. The property's prime location and development potential make it an attractive investment. Detailed architectural plans should be reviewed to determine the optimal building design and maximize the buildable area. Note that an adjacent lot (Lot 1, currently a deli) is also available for purchase, offering the potential to significantly expand the development footprint to a total of approximately 21,800 square feet of buildable area. The combined lots would offer substantial development potential. This is a rare opportunity to acquire a large, buildable lot in a highly desirable beachfront location. The asking price for this exceptional property is $899,000. The zip code is 11694.
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
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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.