Rockaway Beach, NY 11693,375 Beach 92nd ST
Rockaway Beach, NY 11693,375 Beach 92nd ST
Rockaway Beach, NY 11693,375 Beach 92nd ST
23
$1,900,000
$2,800,000
32.1%
Est.Price: ?

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375 Beach 92nd ST Rockaway Beach, NY 11693

Est. payment /mo
SOLD DATE : 04/25/2025

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Key Details

Sold Price $1,900,000

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 478127

Year Built 1910

Annual Tax Amount $38,297

Property Sub-Type Mixed Use

Property Description

Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas. The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This is a rare opportunity to own waterfront property in a prime NYC attraction area.

This long-established restaurant is one of the busiest in the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills.

Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity, with a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!

Location

State NY

County Queens

Area Rockaway Park

Zoning R41

Interior

Hot Water Other

Heating Gas

Flooring Other

Exterior

Exterior Feature Siding

Roof Type Shingle

Building

Story 3

Foundation Other

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Listed by RE/MAX Elite
Bought with RE/MAX Elite

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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