Active
375 Beach 92nd Street
Rockaway Beach NY, 11693
$2,800,000
Active
Multi-family
Built in 1910
Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas. The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This is a rare opportunity to own waterfront property in a prime NYC attraction area.
This long-established restaurant is one of the busiest in the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills.
Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity, with a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!
478127
MLSⓇ ID
August 8, 2024
Listed
November 25, 2024
Updated
Map
375 Beach 92nd Street
Rockaway Beach NY, 11693
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Waterfront
Roof
Shingle
Other Property Details
Area Name
Queens
Taxes
$38,297
Tax Frequency
Annually
Days on Market
324
Garage
No
View
No
County
Queens
Pool
No
Waterfront
Yes
Zoning
R41
Listing History
Date | Event | Price |
---|---|---|
6/21/2024 | Price change | $2,800,000 -13% |
5/28/2024 | Price change | $3,200,000 -18% |
4/11/2024 | Price change | $3,886,000 11% |
4/11/2024 | Price change | $3,500,000 -37% |
Listed by Naruetai Tongsomboon with RE/MAX Elite
Listing Contact: 7186903900
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