Property Description

This 40-unit Multi-family Residential building also contains an adjacent lot of 8,181 sq ft. with possibilities for expansion and additional development. This building boasts a mix of newly renovated 1-2-bedroom apartments, fully renovated basement with office, and new boiler/ heating system. This is an ideal investment for developers seeking to capitalize on housing in the Far Rockaway area. Situated in a sought-after neighborhood, this multi-family property is within close proximity to both the vibrant communities of the Five Towns and the scenic coastline of Queens. Residents benefit from easy transportation including access to major highways, the Long Island Railroad, and multiple bus routes, ensuring seamless connectivity to Manhattan. This multi-family property is equipped with advanced security system, including 24-7 surveillance, secure entry points and a live in Superintendent. The nearby Rockaway Beach and local parks offer excellent recreational opportunities. This property generates substantial rental income making it an attractive investment for both new and seasoned investors. This property is poised for significant appreciation in value over the upcoming years. All information was accessed from public record and the owner which is deemed to be accurate however buyer and buyer's agent must verify.

Property Features