1027 Beach 20th Street
Far Rockaway, NY, 11691 $ 1,950,000
Bedrooms-- Baths-- Sq 15,000 Monthly Estimate*
$ 12,165
for $1,950,000. This 15,000 square foot building was built in 1931 on a lot size of 0.1837.
Calling All Investors, Developers & End-Users!!! OPPORTUNITY ZONE 15,000 Sqft. 3 Unit Free Standing Building With Private Parking Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, R6/C2-4/DFR Zoning, 12 Parking Spaces In A Private Gated Lot, High 20’ Ceilings, Strategically Placed Curb Cut, Separate Meters, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd.2100212!!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin’, McDonald’s, Key Food, Papa John’s, Domino’s, Popeye’s, Dollar General, Golden Krust, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Community Center (37,50 Sqft.): $147,600 Ann.; 3% Ann. Inc; Lease Exp.: 2027 + (1) 5 Year Option. 2nd Floor (3,750 Sqft.): $112,500 Ann. (Available) 3rd Floor (3,750 Sqft.): $127,500 Ann.(Available) LL (3,750 Sqft.): $68,200 Ann. (Available) Pro Forma Gross Income: $455,800 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $3,823 Ann. Flood Insurance: $3,000 Ann. Taxes: $23,265.32 Ann. Total Expenses: $30,338.32 Ann. Net Operating Income (NOI): $425,461.68 Ann. (Pro Forma 21.82% Cap!!!) R
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities See Remarks
Construction Materials Brick Frame Other
Year Built 1931
Property Subtype Business
Tax Year 2024
Parcel Number 15704-0066
Business Type Commercial
County Queens
Property Type Commercial Sale
City New York
Property Attached Y/N Y
Tax Annual Amount 23265.32
Building Area Units Square Feet
Standard Status Pending
Tax Assessed Value 227250
Cap Rate 19
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InteriorBasement None
Total Stories 3
Basement Features None
Basement (Y/N) Y
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ExteriorWater Source Public
Foundation Details Other
Building Area Total 15000
Waterfront Y/N N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $12,165
- Monthly Property Taxes
- $1,939
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Far Rockaway, NY
Average List Price $2,025,000
Percent of Sale Price 4%
About Far Rockaway, NY 70,947 Population
0% Since 2002
$ 0 Median Income
0 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/16/2025 | $1,950,000 | -7.14% | Price Down |
| 5/20/2025 | $2,100,000 | -4.55% | Price Down |
| 4/17/2025 | $2,200,000 | | Listed Price |