Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Rockaway Park Corner Lot For Sale or Lease by Massey Knakal

05/30/2012

Massey Knakal Realty Services has been retained on an exclusive basis to sell or lease a corner lot at 106-20 Rockaway Beach Boulevard. The property is located on the northwest corner of Rockaway Beach Boulevard and Beach 106th Street in Rockaway Park, Queens. The reduced asking price is $2,550,000 or $190,000 per year NNN.

The 30,000 square foot irregular lot benefits from over 190 feet of frontage on Rockaway Beach Boulevard and 140 feet of frontage on Beach 106th Street. The property is situated in an R5D/C2-3 zoning district, which allows for a commercial development potential of approximately 30,000 square feet and a residential development potential of approximately 60,000 square feet.  

The site is located across the street from Dayton Towers, a 1,754 unit, Mitchell-Lama Cooperative apartment complex and within close proximity to national retailers such as Duane Reade, Keyfood, Walbaums, Wendy’s, HSBC, Citibank, Chase, Sleepy’s, and Carvel.

For more information on this listing, contact Massey Knakal Partner Thomas A. Donovan at 718.512.2626.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

05/30/2012 - 14:41

Source

Cushman & Wakefield Capital Markets Group New York

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