Eastern Consolidated markets Belle Harbor/Rockaway Park multifamily for $7.9 million

Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market a beachfront apartment building located at 131 Beach 119th Street in the Belle Harbor/Rockaway Park section. The six-story elevator apartment building boasts impeccably unique views of the gorgeous Rockaway Beach as well as the Manhattan skyline. The asking price is $7.9 million. Located just steps from the ocean, the property contains approximately 35,159 s/f and 43 large and sunny, rent-stabilized apartments. The spacious layouts include 31 one-bedroom units and 12 studio units, all of which feature windows in the bathrooms and incredible light. Eighteen apartments offer fabulous ocean views while twelve apartments offer views of Jamaica Bay and the Manhattan Skyline. "This offering presents a unique opportunity for an investor to purchase a rare beachfront asset in a beautiful location," said Ronda Rogovin, senior director and principal at Eastern Consolidated, who along with associate director David Malekan, Esq., represents the seller on an exclusive basis. "The property is ideal for commuters who desire to live in a beachfront destination neighborhood." says Malekan. The property also includes an indoor parking garage that offers eight indoor parking spaces currently rented to tenants. There is a brand new laundry room containing six coin-operated washers and six dryers that are owner-operated. Since Hurricane Sandy in October 2012, current ownership has upgraded many of the building's core systems and renovated a significant number of the apartments. The property has been well maintained and it shows when you walk through the doors. The property is conveniently located three short blocks from the main retail thoroughfare — a busy two-way street — on Beach 116th Street with additional neighborhood retail on Beach 129th Street as well. By car, 131 Beach 119th Street is accessible by the Marine Parkway and Cross Bay Bridges. The Belt Parkway and Van Wyck Expressway provides vehicular transportation to anywhere in the metro area. Additionally, the building is conveniently located three short blocks from the A and S subway lines, offering easy access to Manhattan.