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Listing Courtesy of Corcoran Group
$1,395,000
Est. payment /mo
7 Beds
5 Baths
3,000 SqFt
OPEN HOUSE
Sun Nov 24, 3:00pm - 4:00pm
UPDATED:
11/13/2024 08:04 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $465
Subdivision Far Rockaway
MLS Listing ID RPLU-33423221829
Bedrooms 7
HOA Y/N No
Annual Tax Amount $6,912
Property Description
Five separate houses on an oversized lot with parking! 121-127 Beach 26th Street was built in 1931, the property has a R4-1 designation, it currently has 3000 square feet and the unused FAR according to Property Shark is 4,998. The lot is oversized measuring 100X98, it provides private parking and it's just off the beach with no properties in between. There are five free standing bungalows including: 121, 121A, 123, 127 and 127A. This property has a great advantage compared to other multi-families because each bungalow pays its own cooking gas, it's own heating, it's own electrical and its own hot water. There is also no common area electrical for the property and that's yet another savings for the owner. The property includes plenty of outdoor space and there is so much potential! Bring your architect and contractor to explore condo conversion possibilities, subdivision with the potential of selling off five different homes/lots, and the possibility of elevating each bungalow on stilts to reduce insurance costs. Imagine gathering five of your closest friends in a joint venture where each of you has your own private bungalow for a fraction of the price, creating a community just off the beach! Closest subway is the A Express and this property will not last!!.
Location
State NY
County Queens
Rooms
Basement Other
Interior
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other, Washer Hookup, In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 1
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $576
Special Listing Condition Standard
Pets Description Building Yes, No
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RLS Data display by eXp Realty
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716