Investor/Builder opportunity on one of the few beach community areas that have not been overdeveloped or priced out of reach. Rockaway Beach is part of Queens and as such enjoys the lower real estate taxes that the City has to offer. This area has been a beach destination for generations but only recently has begun to gain popularity as an investment area for developers. Luxury rentals and condos have been springing up here and the boardwalk and beach have been upgraded to rival any Long Island waterfront community. This flat parcel of land is located one block from the boardwalk and beach. It is zoned R4 with a FAR of .75. The existing zoning should allow for two, two-family homes to be built on this corner lot. With proper use of terraces and perhaps a roof deck, water views are achievable.Investor/Builder opportunity on one of the few beach community areas that have not been overdeveloped or priced out of reach. Rockaway Beach is part of Queens and as such enjoys the lower real estate taxes that the City has to offer. This area has been a beach destination for generations but only recently has begun to gain popularity as an investment area for developers. Luxury rentals and condos have been springing up here and the boardwalk and beach have been upgraded to rival any Long Island waterfront community. This flat parcel of land is located one block from the boardwalk and beach. It is zoned R4 with a FAR of .75. The existing zoning should allow for two, two-family homes to be built on this corner lot. With proper use of terraces and perhaps a roof deck, water views are achievable.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Listing Information provided courtesy of Daniel Gale Sothebys Intl Rlty, Abraham C Kanfer - 516-466-4036
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