Listed by Tri State Commercial
$7,750,000
25,000 SF | 2-23 Beach 101st Street | Turnkey MultiFamily Property For Sale - Over 8% CAP
Details
APN 16157 / 89
Property Type Multifamily
Sub Type Apartment Building, High-Rise
Square Footage 25,000
Units 32
Cap Rate 8.60%
NOI $686,400
Occupancy 100%
Tenancy Multi
Class C
Year Built 2012
Lot Size (SqFt) 12,500
Zoning R5 / C2-2
Parking Spaces 15 spaces
Parking per 1,000 SqFt 0.60
Investment Type Value Add
25,000 SF | Turnkey MultiFamily Property For Sale - Over 8% CAP
Marketing description
Turnkey MultiFamily Property For Sale - Over 8% CAP
Located in the Far Rockaway neighborhood of Queens between Beach Channel Dr & Rockaway Beach Blvd near the Beach 98th St subway station.
Nearest Transit: S & A trains at Beach 98th St and the Q53-SBS, Q11, Q35, QM16, RES, QM17, QM15, & Q52-SBS bus lines.
Nearby tenants include Walgreens Photo, Rockaway Beach Golf Club, Burn Fitness, Beachside Pharmacy, Brisas Del Mar, Deli Grill, The Madelaine Chocolate Company, Rockaway Beach Pickleball, Bay Towers Apartments, The Scholars Academy, Dayton Towers West, The Rockaway Hotel, Corp Construction Corporation, and more!
Investment highlights
- 32 Unit Brick Building Built in 2012 with Parking
- Fully Occupied
- Turnkey
- Total Residential Units: 32
- Occupancy Rate: 100%
- Multiple Tenancy
- Delivered: As Is
- Current CAP: 8.6%
Listing Contacts
Listed by Tri State Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$686,400.00
$57,200.00/mo
Valuation Metrics
0
DSCR
8.86%
Cap Rate
8.86%
ROI
Map
Zoning
R5D ResidentialTwo FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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