Skip To Content

910 Dinsmore Avenue

Far Rockaway, NY 11691
  • $11,500,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 3563773
UPDATED: 62 min ago
$11,500,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:
Area:

School Ratings & Info

Description

Introducing a rare opportunity in Far Rockaway, Queens: A 40 unit residential building containing an adjacent lot with possibilities for expansion or additional development. The existing building boasts a mix of newly renovated 1-2 bedroom apartments. This is an ideal investment for developers seeking to capitalize on the burgeoning demand for quality housing in the Far Rockaway area. Situated in a sought-after neighborhood, this property enjoys proximity to both the vibrant communities of the Five Towns and the scenic coastline of Rockaway. Residents benefit from excellent transportation links, including easy access to major highways, the Long Island Rail Road, and multiple bus routes, ensuring seamless connectivity to Manhattan and surrounding areas. The building is equipped with advanced security systems, including 24/7 surveillance cameras, secure entry points and a live in Superintendent. The nearby Rockaway Beach and local parks offer excellent recreational opportunities. This property generates substantial rental income, making it an attractive investment for both new and seasoned investors. Far Rockaway is undergoing significant development and revitalization, promising potential for property value appreciation. Given its strategic location near thriving communities and continuous urban development, the property is poised for significant appreciation in value over the coming years. All information was accessed from public record and the owner and deemed to be accurate however buyer and buyers agent must verify. Taxes do not reflect the J51 tax abatement of $17,927 per year for the next 15 years. As per public record, lot 119 is 18808 sq ft & lot 72 is 8181 sq ft.

Monthly Payment Calculator



© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-21T20:18:19.977.
www.selectyournexthome.com/homes/152347469
Print Image

910 Dinsmore Avenue Far Rockaway, NY 11691

  • Price: $11,500,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 62 min ago
  • MLS #: 3563773
0
Beds
0
Baths
0
½ Baths
0.62
Acres
1927
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
Introducing a rare opportunity in Far Rockaway, Queens: A 40 unit residential building containing an adjacent lot with possibilities for expansion or additional development. The existing building boasts a mix of newly renovated 1-2 bedroom apartments. This is an ideal investment for developers seeking to capitalize on the burgeoning demand for quality housing in the Far Rockaway area. Situated in a sought-after neighborhood, this property enjoys proximity to both the vibrant communities of the Five Towns and the scenic coastline of Rockaway. Residents benefit from excellent transportation links, including easy access to major highways, the Long Island Rail Road, and multiple bus routes, ensuring seamless connectivity to Manhattan and surrounding areas. The building is equipped with advanced security systems, including 24/7 surveillance cameras, secure entry points and a live in Superintendent. The nearby Rockaway Beach and local parks offer excellent recreational opportunities. This property generates substantial rental income, making it an attractive investment for both new and seasoned investors. Far Rockaway is undergoing significant development and revitalization, promising potential for property value appreciation. Given its strategic location near thriving communities and continuous urban development, the property is poised for significant appreciation in value over the coming years. All information was accessed from public record and the owner and deemed to be accurate however buyer and buyers agent must verify. Taxes do not reflect the J51 tax abatement of $17,927 per year for the next 15 years. As per public record, lot 119 is 18808 sq ft & lot 72 is 8181 sq ft.
Exterior Features

Cross Street Beach 9th & 12th Overhead Door 0 Overhead Door Height 0 Stories Total 4

Interior Features

Heating Natural GasOilHot Water

Property Features

Building Size 43120 Current Use Residential Gross Income 543012 MLSArea Minor 13 Net Operating Income 418496 Operating Expense 124516 Potential Rental Income YN Yes Property Sub Type Mixed Use Sewer Sewer Tax Annual Amount 51904 Tax Annual Amount1 51904 Zoning Description R3X

Listing courtesy of Meliza Berrios of Mahler Realty: 516-223-3111
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-21T20:18:19.977.
 
https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3563773-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3563773-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3563773-2.jpg
Logo
Your New York NextHome Brokers
1225 Franklin Ave #325
Garden City NY, 11530