Available For Sale - Multifamily

156,952 SF | Show Pricing $

AVAILABILITY DETAILS

Size
156,952 SF
Price/SF
Show Pricing $
Listing ID
SA435506
Notes
Building Size 156,952 sqft

Lot Area 44,352 sqft

Year Built 2009

Zoning R6

Floors 15

Year Last Renovated 2016



DESCRIPTION

• Prime beachfront location in Far Rockaway.



• Sold with adjoining parking and vacant lot providing a total of 53,900 sf for development located in a Federal Opportunity Zone.



• Included in the 421-A tax abatement program up to 2034 which also provides ownership an additional rent surcharge of 2.2% per year above the legal allowable limits.



• Building is newly built in 2009 and completely renovated in 2016.



• Amenities: 24-hour doorman, Video security, Indoor and outdoor parking, On-site Gym, Recreation/Game room, Physical Therapist Office, Private outdoor beach, Bicycle storage, Kitchen marble counter tops, A washer and dryer in each apartment, 5 ft Jacuzzi soaking tub, etc.



• Signed confidentiality agreement required to receive full offering memorandum.

DOCUMENTS
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Ben Efraimov, B6 Real Estate Advisors