6707 Beach Channel Dr - Development Opportunity in the Rockaways!
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6707 Beach Channel Dr - Development Opportunity in the Rockaways!
0.08 Acres of Residential Land Offered at $749,000 in Arverne, NY 11692
Investment Highlights
- Fully approved plans for 6-unit Proposed 5,330sf, four story mixed use building
- Potential 20% unlevered ROI - detailed development study available upon request
- Site demolished and ready for sitework & vertical construction
Executive Summary
Fully approved 6-unit mixed use development opportunity
Proposed 5,330 square feet, four story building
Residential apartments: 2 x 3 bedrooms; 3 x 1 bedroom, each with full kitchen and balconies
Community professional space
3 on-site parking spaces
Site demolished and ready for sitework & vertical construction
Potential 20% unlevered ROI
Proposed 5,330 square feet, four story building
Residential apartments: 2 x 3 bedrooms; 3 x 1 bedroom, each with full kitchen and balconies
Community professional space
3 on-site parking spaces
Site demolished and ready for sitework & vertical construction
Potential 20% unlevered ROI
Property Facts
| Price | $749,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Price | $749,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.08 AC |
1 Lot Available
Lot
| Price | $749,000 | Lot Size | 0.08 AC |
| Price Per AC | $9,362,500 |
| Price | $749,000 |
| Price Per AC | $9,362,500 |
| Lot Size | 0.08 AC |
3,485 sq (.08ac) ~34’ x 100’ Zoning: R5-D FAR (per approved plans): 1.5
Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (78)
zoning
| Zoning Code | R5D (- Medium Density District - Read about the "City of YES" code: https://www.nyc.gov/site/planning/plans/city-of-yes/city-of-yes-overview.page) |
| R5D (- Medium Density District - Read about the "City of YES" code: https://www.nyc.gov/site/planning/plans/city-of-yes/city-of-yes-overview.page) |
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6707 Beach Channel Dr - Development Opportunity in the Rockaways!
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