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New York Queens 11693 Rockaway Beach
92-14 Rockaway Beach Boulevard
$1,095,000
↓ $130K (10.6%)
Commercial - For Sale

92-14 Rockaway Beach Boulevard

Rockaway Beach, NY 11693
bedrooms
Studio
bathrooms
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
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
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
Multifamily
6 Beds
5 Baths
-
$1,290,000 Oct 24, 2023
-
$531/mo
Multifamily
8 Beds
5 Baths
-
$1,150,000 Apr 7, 2023
-
$569/mo
Multifamily
7 Beds
4 Baths
-
$998,888 Aug 8, 2023
-
$413/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
More about this Building
92-14 Rockaway Beach Boulevard
Want to find out who owns 92-14 Rockaway Beach Boulevard, Far Rockaway, NY 11693? Get detailed property transactions here .

About Rockaway Peninsula


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