Active

910 Dinsmore Avenue

Far Rockaway NY, 11691

$11,500,000


Active

Commercial

Built in 1927

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.

3563773

MLS ID

July 5, 2024

Listed

July 13, 2024

Updated

Map

910 Dinsmore Avenue
Far Rockaway NY, 11691

Interior Features

Total Stories

4


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Oil, Hot Water

Exterior/Building Features

Lot Size

0.62 Acres


Sewer

Sewer

Other Property Details

Taxes

$51,904


Tax Frequency

Annually


Garage

No


View

No


County

Queens


Municipality

Queens


Pool

No

Listed by Meliza Berrios  with Mahler Realty
Listing Contact: 516-223-3111 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ann Ferguson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 6:17 PM UTC, 7/13/2024

  

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