12,450 SF 4-Story Commercial Building with Conversion Potential in Far Rockaway

$4,000,000

10-55 Beach 20th Street & 10-62 Beach 21st Street, Queens, NY 11691

For Sale

Mixed Use Unknown Sub Type

Active

Last Updated: 08/28/2025

Cap Rate: 8.64%

NOI: $255,011

Building Size: 12,450 sqft

Lot Area: 4,738 sqft

Zoning: R6 / C2-4, DFR

Consists of 2 lots block through from Beach 20th to Beach 21st Street between Mott & Cornaga Avenues
Ground floor is occupied by a 99 Cent store paying $12,000/month and has a lease expiring in April 2026
Top 3 floors are delivered vacant and provide the opportunity to convert the use to residential
10-62 Beach 21st Street has 4,738 SF of additional air rights that could be built on top of the existing structure
Perfectly situated close to the beach and boardwalk. In close proximity to several schools. Nearby retailers include Chase Bank, Bank of America, CVS and Key Foods Supermarket
2-minute walk to the Far Rockaway/Mott Ave A train station and just steps from the Mott Ave/Beach 20th Street Q113 & Q114 bus stop
Located within 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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