East Rockaway Homes with Rhame Avenue Elementary School Elementary school

East Rockaway Homes with Rhame Avenue Elementary School Elementary school

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Newest East Rockaway Homes with Rhame Avenue Elementary School Elementary school

$1,100,000
1005169 MLS
Mixed-Use Investment Opportunity Excellent opportunity to acquire a well-maintained mixed-use property offering both stable residential income and flexible commercial space in a convenient East Rockaway location. The property features approximately 1,900 square feet of updated first-floor commercial space, including professional office space with an attached garage/warehouse area. The commercial space is currently owner-occupied and is expected to be delivered vacant at closing, making it ideal for an owner-user or investor seeking to lease the space at current market rates. The second floor consists of approximately 1,700 square feet of fully leased residential apartments currently generating $6,000 per month ($72,000 annually) in rental income. The residential units enjoy their own private entrance, separate from the commercial space. Based on current market conditions, the first-floor commercial space is estimated to command approximately $4,500 to $5,500 per month in rental income (approximately $54,000 to $66,000 annually), creating the potential for strong cash flow when fully leased. Buyers should conduct their own due diligence regarding rental rates and income projections. Property highlights include: Approximately 3,600 square feet of combined commercial and residential space Updated first-floor office with flexible layout Attached garage/warehouse space Separate commercial and residential entrances Fully occupied residential units Commercial space delivered vacant Convenient proximity to the LIRR, major roadways, shopping, restaurants, and local business districts Whether you're an investor seeking multiple income streams or an owner-user looking to offset occupancy costs with residential rental income, this versatile mixed-use property offers exceptional flexibility and long-term investment potential on Long Island

27-29 Front Street, E. Rockaway

$699,000
2 Beds 3 Baths 946618 MLS
Step inside to your dream condo with beautiful 2 Bedrooms/2.5 bath apartment in a luxurious Marina Pointe, East Rockaway. The generous 1400 Sq Ft of living space features a design with high-end finishes, wood floors, modern light fixture, and large windows with natural light. The open-concept main level flows into the living room and dining area with a balcony, ideal for both everyday living and entertaining. A beautiful modern kitchen with a spacious island and quartz countertop. Stainless steel appliances, side room with washer/dryer and storage room and a balcony. First floor includes large Master bedroom, a private bath 2 closet. Upstairs you will find a second, one-bedroom and private bath offering comfort and privacy to suit your lifestyle. This condominium offers an in-unit laundry, central air, 1 covered parking space and an outside storage. Boat slips available for a fee. Hoa fees include water, maintenance, and flood insurance -all covered by property management. Enjoy the best of coastal living with community life, close to waterfront walking paths, picnic areas, and seasonal boat slips. Conveniently located in the heart of East Rockaway. Marina Pointe offers proximity to local parks, swimming pools, shopping, dining, transportation, and Long Island’s beautiful South Shore beaches. Conveniently a few steps away from the LIRR - for an easy commute into Penn station- Manhattan. Property tax abatement until 2029 and should independently verified by buyer. Pets are welcome

121 Marina Pointe Drive Unit #121, E. Rockaway

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.