For Sale: 3-Family Building – $550,000
202 Beach 102 Street
Haven’t you always wanted to live on the beach. Here is your chance to have it all occupy one of the apartments and collect income from the other 2 or rent out all three for a profit. This property is a corner building with direct views of the ocean and side and backyard. There are 3 separate apartments all with their own Boiler and HWH. The 2 upper units both have balconies and the garden floor apartment has access to its private backyard. There are 2 private parking spots also with the building. Being an end corner building the lot is extra wide then the others. The building’s interior itself has just gone through renovations with up-to-date electrical, plumbing, etc. It can be sold with tenants in place so you have income coming in as soon as you purchase or vacant. Therefore there is nothing you really have to do but move-in.
Lot Size: 35′ x 100′
Real Estate taxes only $367 per month.
located in an incredibly desirable and vacationed area of Rockaway Park. Property values have continued to rise along with rent-rolls. This will continue to happen as the brand new boardwalk is completed and the community will continue to thrive off of the incredible beach town atmosphere and year round surf haven. Located one block from the beach, one block from the bus line and 4 blocks to A,S trains making easy access to local transportation.
The neighborhood includes a vibrant restaurant community including local sensation Tiberio Dimare, a family owned Gourmet Italian business which has been staple for 27 years. Also in the area is Cuisine by Claudette, run by a Moroccan-born French expat trained at Le Cordon Bleu Paris, which is known particularly for their outstanding coffee and fresh Mediterranean platters and many, many other flourishing dine-in spots.
The location of this building is prime and possible investors only need to look at the local community to see what massive potential lies in buying in.
There is also the opportunity to purchase this building as a package deal along with 204 Beach 102nd Street another 3 family building for $550,000