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Sold for $1,900,000
  • $1,900,000

    375 Beach 92nd St, Rockaway Beach, NY 11693

    --beds
    --sqft
    Mixed Use
    Built in 1910
    5,637 Square Feet Lot
    $1,695,500 Zestimate®
    $--/sqft
    $3,703 Estimated rent

    Home value

    $1,695,500

    $1.46M - $1.95M

    $3,703/mo

    Zestimate® history
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    $11,634/mo

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    What's special

    Waterfront propertyStunning jamaica bay shorelineOutdoor deckMultiple walk-insRefrigeration unitsWaterfront view
    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 is a rare opportunity to own waterfront property in a prime NYC attraction area. This long-established restaurant is one of the busiest in 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. Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Naruetai Tongsomboon 347-640-3560,

    RE/MAX Elite

    Source: BNYMLS,MLS#: 478127MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Natural Gas, Hot Water
    Features
    • Flooring: Other
    • Basement: None

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 3
    • On waterfront: Yes
    Lot
    • Size: 5,637 Square Feet
    • Dimensions: 36x159
    Details
    • Parcel number: 161090043
    • Zoning: R41
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    Materials
    • Siding, Wood Frame
    • Foundation: Other
    • Roof: Shingle
    Condition
    • Year built: 1910

    Utilities & green energy

    • Electric: 110 V, 220 Volts

    Community & HOA

    Community
    • Subdivision: Queens
    Location
    • Region: Rockaway Beach

    Financial & listing details

    • Tax assessed value: $788,000
    • Annual tax amount: $38,297
    • Date on market: 11/13/2023
    • Cumulative days on market: 432 days
    • Total actual rent: 50000

    Price history

    DateEventPrice
    4/25/2025Sold$1,900,000-32.1%
    Source: BNYMLS #478127 Report a problem
    1/17/2025Pending sale$2,800,000
    Source: BNYMLS #478127 Report a problem
    6/21/2024Price change$2,800,000-12.5%
    Source: BNYMLS #478127 Report a problem
    5/28/2024Price change$3,200,000-17.7%
    Source: BNYMLS #478127 Report a problem
    4/11/2024Price change$3,886,000-29.3%
    Source: BNYMLS #478127 Report a problem
    11/13/2023Listed for sale$5,500,000+511.1%
    Source: BNYMLS #478127 Report a problem
    1/10/2013Sold$900,000+905.6%
    Source: Public Record Report a problem
    3/14/2010Sold$89,500
    Source: Public Record Report a problem
    9/26/2005Sold$89,500
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $354,600 +6.5%
    2024-- $333,000 -9.1%
    2023-- $366,300 +0.4%
    2022-- $364,950 +13.9%
    2021-- $320,400 -16.1%
    2020$31,285 +63.3%$382,050 +31.4%
    2019$19,156 +26.8%$290,700 +102.3%
    2018$15,112 +18.7%$143,730 +18.7%
    2017$12,727 +7.3%$121,050 +8.7%
    2016$11,863 $111,330 -0.1%
    2015$11,863 +46.1%$111,420 -5.4%
    2014$8,120 $117,720
    Find assessor info on the county website

    Neighborhood: Rockaway Beach

    Nearby schools

    GreatSchools rating