Calling All Investors, Developers & End-Users!!! 6,000 Sqft. R7A-C1-3 Development Site For Sale!!! 164-166 Beach 116th Street Is Located Just A Few Hundred Feet From The Beach. The Property Features Heavy Foot Traffic, Excellent Signage, Strong Zoning, Great Exposure, +++!!! According To The Owner Up To 8 Stories Can Be Built!!! There's Currently A 150+ Unit Building Being Completed Across The Street. The 12,000 Sqft. Building Was A Successful Hotel In The Past. The Building Is A Knockdown. The NYC Housing Preservation & Development Department Just Stated Another 800 New Apartments Were Just Financed In Bringing The New Total To Over 1,380 New Apartments Recently Added To The Peninsula Since The Recent Rezoning!!! This Is Your Chance To Own A Beach Hotel/ Mixed-Use Development!!! Expenses: Taxes: $21k Insurance: $2,800 Due to MLS removing photos from this listing, please refer to LoopNet for more detailed information and photos of this property.
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