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Property profile

101 Bch St Queens, NY 11694

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

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

101 Bch St 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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