1222 Rockaway beach

For Sale$1,700,000

11222 Rockaway Beach Blvd, Rockaway Park, NY 11694

  • Multi-Family

1222 Rockaway beach, Rockaway Park, NY 11694 - Multi-Family Space

1222 Rockaway beach is located at 11222 Rockaway Beach Blvd in the Rockaway Park neighborhood, NY, Rockaway Park, 11694. The Class C Multi-Family building was completed in 1930 and features a total of 9,000 Sqft.

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Details

  • Sale Price $1,700,000
  • City Rockaway Park
  • Neighborhood Rockaway Park
  • Zip Code 11694
  • Market Brooklyn
  • Property Type Multi-Family
  • Property Size 9,000 Sqft
  • Units 18
  • Lot Size 6,700 Sqft
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1930
  • Year Renovated 1970
  • Date Updated 25 Jan, 2021

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Description

18 unit SRO (2 floors above store 2 bathrooms on each floor)(mostly vacant)(can be delivered vacant)
(5 occupied currently $400 monthly)(can raise $200+ each)
(DHCR shows $700+ per SRO) 
(20% of SRO’s will pay / pay cash)

ground floor store is 1950$ (fully renovated by current lease) + 3% yearly increase
one 2BR 1400$ 
one 2BR 1400$ (not rent stable)
one 2BR 1300$ (not rent stable)
one 2BR 1200$ (not rent stable)
super 2BR 1000$ (not rent stable)

Current RR 123,000k
with all SRO’s rented at $600 a room (can get more) Projected $230,000k

total expenses 60k
taxes 10350
insurance 13800 
electric 8700
gas 7100
water / sewer 5200
repair / maintenance / misc 14000

one block from the beach , new roof , 
down the street from brand new lux hotel , booming area

Highlights

  • Far Rockaway

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 1222 Rockaway beach?

1222 Rockaway beach totals 9,000 square feet.

When was this property built?

1222 Rockaway beach was built in 1930.

Rockaway Park Demographics

The average household income in zip code 11694 is $113,568, from a total of 8,497 households. In terms of employment, there are 87.36 % white-collar and 12.64 % blue-collar jobs in zip code 11694.

Population

  • Total Population21,202
  • Male Population(51.2 %) 10,850
  • Female Population(48.8 %) 10,352
  • Median Age48.00

Income/Financial

  • Average Household Income$113,568
  • Median Household Income$84,485
  • Median Income 25-44$76,478
  • Median Income 45-64$98,616
  • Median Income Over 65$51,250

Commercial Broker Register now to add listings

Michael Grabelsky

Oxford Property Group - NYC

(646) 591-3040

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