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375 Beach 92nd Street

Rockaway Beach, NY 11693
  • $3,886,000
  • STATUS: Active
  • MLS #: 3516141
UPDATED: 71 min ago
$3,886,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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School Ratings & Info

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 long-established restaurant is one of the busiest on 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. This property also features a separate entrance to a newly renovated 2-bedroom, 2.5-bath apartment. The apartment includes heated radiant tiles, a gym room, a washer/dryer, and an alarm system for modern comfort. The primary bedroom boasts a spacious walk-in closet and a deck with breathtaking bay and Manhattan skyline views. A beautiful kitchen with upgraded stainless steel appliances adds to the appeal, while a den serves as an office and guest room. A half bath on the third floor further enhances convenience. Over $1.5 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!

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-05-21T14:19:45.457.
www.thisoldhudsonrealestate.com/homes/145206517
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375 Beach 92nd Street Rockaway Beach, NY 11693

  • Price: $3,886,000
  • Status: Active
  • On Site: Days
  • Updated: 71 min ago
  • MLS #: 3516141
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
Queens
County:
Queens
Area:
Queens
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 long-established restaurant is one of the busiest on 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. This property also features a separate entrance to a newly renovated 2-bedroom, 2.5-bath apartment. The apartment includes heated radiant tiles, a gym room, a washer/dryer, and an alarm system for modern comfort. The primary bedroom boasts a spacious walk-in closet and a deck with breathtaking bay and Manhattan skyline views. A beautiful kitchen with upgraded stainless steel appliances adds to the appeal, while a den serves as an office and guest room. A half bath on the third floor further enhances convenience. Over $1.5 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!
Exterior Features

Cross Street Beach 92nd & Bcd Waterfront Features Bay/HarborBeach FrontOcean AccessWater AccessWaterfront

Property Features

Business Age 13 Business Located At 375 Beach 92nd StreetRockaway Business Name Thai Rock Business Type RestaurantMixed Current Use CommercialFood ServiceMixed UseResidential MLSArea Minor 13 Net Operating Income 321000 Property Sub Type Mixed Use

Listing courtesy of Naruetai Tongsomboon of RE/MAX Elite: 718-500-3077
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or This Old Hudson Team at Houlihan Lawrence. Data last updated: 2024-05-21T14:19:45.457.
 
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Hudson NY, 12534