10-30 Neilson St

1030 Neilson St, Far Rockaway, NY 11691

  • For Sale $6,800,000
  • Property Type Multi-Family
  • Property Size 19,927 SF
  • Lot Size 0.3 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2011
  • Date Updated Feb 23, 2021

THE OFFERING

Marcus & Millichap is pleased to offer the following opportunity located in Far Rockaway. 10-30 Neilson Street is located between Dinsmore Avenue and Cornaga Avenue, nearby the A train. The property consists of 15 apartments recently constructed in 2011.

THE OPPORTUNITY

15 Year Tax Abatement: The property is currently benefiting from a 15-Year 421-A Tax Abatement which ends in 2028. The abatement allows an investor to benefit from rent growth while being protected from large increases in expenses. Additionally, after the abatement has phased there is an opportunity to deregulate the apartments..

The Premier Location:

Centered in the middle of Far Rockaway just off of the main Mott Ave corridor, you are only minutes away from the Far Rockaway A Subway Line and the Far Rockaway LIRR stop. The neighborhood has a strong Jewish presence and history and is walking distance to both Chabad Lubavitch and Siach Yitzchok. Tenants benefit due to the proximity of these establishments and ultimately, the building acts as a transition residence into 5 towns.

Luxury Amenities: The buildings features a parking lot in the rear of the property, apartment balconies, storage units in the basement, individual hot water heaters and boilers as well as washer and dryers in every unit.

High End Finishes: Residences maximize natural sun and air with no immediate buildings adjacent to the property and units feature high end finishes.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Dylan Walsh

Marcus & Millichap

broker

Jack Sheresky

Marcus & Millichap

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Transit Score ®

    73/100 Excellent Transit

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Far Rockaway, NY
  • Neighborhood Far Rockaway
  • Zip Code 11691
  • Market Queens

Points of Interest

  • Far Rockaway–Mott Avenue

    0.36 miles

  • Far Rockaway

    0.38 miles

  • Inwood

    0.59 miles

  • Beach 25th Street

    0.81 miles

  • Lawrence

    0.95 miles

  • Beach 36th Street

    1.25 miles

  • Beach 44th Street

    1.68 miles

  • Cedarhurst

    1.70 miles

  • Beach 60th Street

    2.31 miles

  • Woodmere

    2.62 miles

  • Mobil

    1.61 miles

  • Shell

    1.68 miles

  • Conoco

    1.77 miles

  • BP

    3.19 miles

  • BP

    3.55 miles

  • Sunoco

    3.58 miles

  • The Wave

    3.71 miles

  • Mobil

    3.95 miles

  • Natural Gas Fueling Station

    3.96 miles

  • BP

    4.15 miles

  • TOH Parking Field ID I-1

    0.75 miles

  • Lawrence High School Parking Lot

    2.03 miles

  • Municipal Parking Lot H-11

    3.26 miles

  • Lot Field 6

    3.29 miles

  • Yellow Parking Garage

    3.37 miles

  • Blue Parking Garage

    3.38 miles

  • Blue Parking

    3.39 miles

  • Green Parking Garage

    3.42 miles

  • Municipal Parking Lot H-3

    3.45 miles

  • Municipal Parking Lot H-2

    3.45 miles

  • La Quinta Inn & Suites by Wyndham Far Rockaway

    1.63 miles

  • Five Towns Inn

    2.02 miles

  • TWA Hotel

    3.29 miles

  • Allegria Hotel

    4.47 miles

  • The Rockaway Hotel

    4.62 miles

  • Marriott

    4.64 miles

  • JFK Inn

    4.66 miles

  • Derly

    4.70 miles

  • Super 8 Jamaica North Conduit

    4.78 miles

  • Howard Johnson Inn

    4.80 miles

  • Popeyes

    0.15 miles

  • The Corner Coffee Shop

    0.28 miles

  • Big New York

    0.34 miles

  • Johnny's Classic Quizine

    0.35 miles

  • A Line Deli Inc.

    0.35 miles

  • McDonald's

    0.41 miles

  • Julie's Restaurant

    0.76 miles

  • John & Lupita's Latin American Food

    0.85 miles

  • Falafel & Hummus Bar

    0.98 miles

  • South Shore Pizza

    1.01 miles

  • Intermediate School 53

    0.10 miles

  • Saint Mary's Star of the Sea School

    0.34 miles

  • Torah Academy for Girls

    0.52 miles

  • Public School 215

    0.63 miles

  • Lawrence Middle School

    0.73 miles

  • Far Rockaway High School (Q465)

    0.86 miles

  • Frederick Douglass Academy VI High School (Q260)

    0.86 miles

  • School Number 4

    0.89 miles

  • Public School 104

    0.92 miles

  • School Number 2

    0.96 miles

  • Heritage Adult Care

    3.55 miles

  • Pleasant Aftercare Camp LLC

    5.03 miles

  • Pre School

    5.03 miles

  • Laugh & Learn Academy

    5.04 miles

  • Bright Beginning Daycare Inc

    5.15 miles

  • Kindergarten Center

    5.22 miles

  • Francis Grace Day Care

    5.32 miles

  • Paccor Kids Daycare

    5.77 miles

  • Kiddie Prep U

    6.71 miles

  • Saint Monica's Church

    7.27 miles

Frequently Asked Questions

What is the lease rate for 10-30 Neilson St?

Rental asking rate at 10-30 Neilson St is $3,400,000.00/YR.

What is the total square footage of 10-30 Neilson St?

10-30 Neilson St totals 19,927 square feet.

When was this property built?

10-30 Neilson St was built in 2011.

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