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Map
$1,095,000
↓ $130K (10.6%)
●
Commercial -
For Sale
92-14 Rockaway Beach Boulevard
Rockaway Beach, NY 11693
Studio
0 Bath
$5,685
Estimated Monthly
$0
HOA / Fees
1.66%
Cap Rate
About This Property
Nestled in the heart of the vibrant Rockaway Beach community, this
mixed-use property provides a unique and lucrative investment
opportunity that combines a beloved ice cream parlor on the ground
floor with an impeccably designed 1-bedroom apartment on the second
floor. Step into the ground floor and be enchanted by the
delightful atmosphere of a well-established and beloved Mara's ice
cream parlor. The space is not just a business; it's an experience.
Patrons can savor their sweet treats in a cozy and inviting
setting, or take advantage of the sandy, beach-like backyard-an
oasis that adds a touch of seaside charm to the entire property.
Ascend to the second floor, where luxury living meets beachside
convenience. This floor boasts a meticulously designed 1-bedroom
apartment featuring a walk-in closet, in-unit washer/dryer,
and a designated office space. Every detail has been carefully
curated to create a living space that blends comfort with style,
offering a retreat from the lively atmosphere below. The ice cream
parlor, a local favorite, has three years remaining on its lease
with the added benefit of an option to renew for an additional five
years. This provides stability and a guaranteed income stream for
the savvy investor, making this property an enticing prospect for
those looking to capitalize on a flourishing business with a solid
foundation. Situated in the heart of Rockaway Beach, Queens, this
property enjoys proximity to the sandy shores and the vibrant
energy of the community. Residents and visitors alike are drawn to
the area for its laid-back beach lifestyle, eclectic shops, and a
burgeoning culinary scene. Whether you're an investor seeking a
reliable income stream or a homeowner looking for a unique
residence with added income potential, this mixed-use gem in
Rockaway Beach presents a rare opportunity. Seize the chance to own
a slice of coastal paradise with a thriving business and designer
living space.
Unit Size
-
Days on Market
165 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$308
HOA Dues
-
Year Built
1910
Listed By
Last updated: 2 months ago (OneKey MLS #ONE3517858)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 30, 2024 | Price Decreased |
$1,095,000
↓ $130K
(10.6%)
|
|
Price Decreased | |||
Nov 22, 2023 | Listed by RE/MAX ELITE | $1,225,000 | |
Listed by RE/MAX ELITE | |||
May 23, 2014 | Sold to Javed Rambaran | $355,000 | |
Sold to Javed Rambaran |
Property Highlights
Exterior Details
Property Information
Square Footage : 1600
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1910
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.04
Lot Size Square Feet: 1749
Lot Size Dimensions: 16.42x106
Financial Details
Tax Annual Amount: $3,697
Utilities Details
Heating: Natural Gas, Forced Air, Other
Sewer : Public Sewer
Location Details
Directions: Use GPS
County or Parish: Queens
Other Details
On Market Date: 2023-11-22
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Commercial
Loft
-
-
$900,000
Apr 28, 2022
$900,000
Oct 17, 2022
$1,779/mo
Multifamily
8
Beds
5
Baths
-
$1,208,000
May 9, 2023
$1,208,000
Sep 1, 2023
$522/mo
Sold
Multifamily
7
Beds
4
Baths
-
$1,060,000
Mar 4, 2023
$1,060,000
Nov 9, 2023
$509/mo
House
3
Beds
3
Baths
-
$1,065,000
Sep 11, 2021
$1,065,000
Nov 30, 2021
$344/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
92-14 Rockaway Beach Boulevard
92-14 Rockaway Beach Boulevard, Far Rockaway, NY 11693
- 2 Units
- 1 Unit for Sale