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    OFF-MARKET
    Land

    24-00 Seagirt Blvd, Far Rockaway, NY 11691

    33,155 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 26,524 square foot vacant lot, situated on Seagirt Boulevard in Far Rockaway, Queens, presents a remarkable development opportunity. Boasting 170 feet of frontage on this bustling thoroughfare and street frontage on three sides, the property is zoned R5/C1-3, permitting a 33,155 square foot mixed-use development or a 53,048 square foot community facility. The location within a FRESH tax benefit zone offers significant cost advantages for developers. Its proximity to the beach and boardwalk, coupled with nearby amenities such as CVS, Shop Fair Supermarket, Bank of America, and Dunkin' Donuts, ensures high visibility and accessibility. Excellent public transportation is readily available via the Q113 & Q114 bus lines, providing convenient access to the A subway line. The property's strategic location near the revitalized Special Downtown Far Rockaway District, rezoned in 2017 to encourage development, further enhances its investment potential. This is a rare chance to capitalize on a prime location in a rapidly growing area. The asking price is $3,500,000.

    Property profile
    Verified
    Property type Land
    Total area 33,155 SF
    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
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    CAP Approach CAP
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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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