Bridge Property Advisors has been exclusively retained to market for sale 158 Beach 114th Street (the “Property”) in the neighborhood of Rockaway Beach in Queens, NY. Located just one block off the beach and two blocks from Beach 116th Street’s retail and local services, the Property consists of a 4,976 square foot, residential building with 12 units. There are 4 occupied units and 8 vacant units. The Property is zoned R4 and is currently overbuilt. The predominantly-vacant building presents an opportuntiy for an invester to make improvements and retenant the building to maximize the cash flow. Given the number of small units, there is an opportunity for programmatic housing utilizing New York City or State government incentives.

With large-scale, transformative rezonings in the area and over $1 billion invested into the communities’ infrastructure over the past ten years, the Rockaway Peninsula is poised for a real estate renaissance with nearly 10,000 residential units in the pipeline.