121 Beach 26th St Far Rockaway, NY 11691

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!!. Continue reading