Residential Portfolio in Far Rockaway with Redevelopment or Value-Add Potential

$2,900,000

Beach 27th Street & 44th Street, Queens, NY 11691

For Sale

Multifamily Unknown Sub Type

Active

Last Updated: 08/28/2025

NOI: $46,748

Building Size: 5,180 sqft

Lot Area: 20,724 sqft

The portfolio includes six lots: five located on Beach 27th Street between Seagirt Ave and the boardwalk, and one separate lot on Beach 44th Street between Edgemere and Beach Channel Drives
R4-1 zoning allows for a total of 20,724 BSF for residential redevelopment
The residential homes are collecting significantly below market rents, providing an investor an immediate value-add opportunity
Perfectly situated just steps from the beach and boardwalk. In close proximity to several schools. Nearby retailers include CVS, Shop Fair Supermarket, Bank of America & Dunkin Donuts
A few blocks from the Q22, Q113 & Q114 bus stops. A 10-minute walk to the Beach 25th Street A train subway station
Conveniently close to the Special Downtown Far Rockaway District, which was rezoned in 2017 to spur development in the area and create a vibrant mixed-use community

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