PRICED TO SELL!  $80/BSF residential.  $37/BSF based on Community Facility FAR.      221 Beach 87th Street is a prime residential development site, located 2 blocks from the ocean and 3 blocks from the Beach 90th Street subway station. Moderately priced land is becoming scarcer throughout the peninsula but 221 offers one of the last opportunities to build on one of the most popular blocks in all of Rockaway Beach. In addition to the ocean and train, the subject property is within short walking distance to extremely popular bars & restaurants as well a full shopping center located just across the boulevard. Just one block to the north leads to the newly created kayak launch and bay-front development site.     Rockaway Beach is becoming more sought after by city dwellers who are looking for better value and quality of life. The ferry and other mass transit allows for a beach lifestyle with a short commute to Manhattan, something which no other place in NYC can offer. For this reason both developers and buyer have began to flock to the area.    This 54' x 100' lot can easily be subdivided into two 27' x 100' lots allowing for the development of two single-family or two-family homes, spanning approximately 2,430 SF each.  With the community facility square footage, one could develop a building over 10,000 SF.      A Phase I Environmental Report was preformed and came back showing no evidence of environmental concern.  This report can be presented to serious buyers upon request.