375 Beach 92nd Street
Rockaway Beach, NY, 11693 $ 3,200,000
Baths0.0 Monthly Estimate*
$ 21,268
Studio
for $3,200,000. This building was built in 1910 on a lot size of 0.129408.
Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas. The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This is a rare opportunity to own waterfront property in a prime NYC attraction area. This long-established restaurant is one of the busiest in the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills. Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity, with a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!
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FeaturesInteriorHeating Fuel Gas
Flooring Other
Hot Water Other
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GeneralRoof Shingle
Zoning R41
Electric 110 V 220 V
Stories 3
Property Type Mixed Use
Block 16109
Yearly Taxes 38297.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash Lease/Purchase
Building Type Detached
Status Active
Construction Materials Wood Frame
Cumulative Days on Market 199
MLS Area Rockaway Park
Sub Type Mixed Use
Year Built 1910
City Rockaway Beach
DOM 199
# Families 1
Coming Soon Calling all investors restaurateurs developers and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Ja
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ExteriorExterior Siding
Lot Dimensions 36' x 159'
Foundation Other
Parking Attrib None
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Internal OnlyOriginating MLS Brooklyn New York MLS
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $21,268
- Monthly Property Taxes
- $3,191
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Rockaway Beach, NY
Average List Price $1,721,200
Percent of Sale Price 46%
Trends Information provided by ATTOM Data Solutions.
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/28/2024 | $3,200,000 | -8.57% | Price Down |
4/11/2024 | $3,500,000 | -36.36% | Price Down |
11/13/2023 | $5,500,000 | | Listed Price |