Matthew Dowd
 

 
For Sale By Owner-FSBO-Real Estate- Homes For Sale

Far Rockaway (New York City, New York, US - 11691) (New Construction)
$55,000,000




 

FSBOxPERT


Matthew Dowd
 
Matthew Dowd
Email Matthew
 
Cell: 201-805-0259
 
Details

Type: Residential Style: Commercial Development Level: Under Construction Bedrooms: n/a "194 Bedrooms" Garage: n/a "98 Internal Parking Space" Lot Type: Rectangular Has Suite: Yes
 
Description

Queens New York, Newly Constructed, Altantic Beach Oceanfront Luxury Condomniums With 126 State of the Art Apartments, 58 1 Bedrooms Apts & 68 2 Bedroom Apts, 89 Indoor Parking Spots. As Well as 2500Sf Fitness Center, 85% Completed, 24Hr Doorman, Secure Gated Residence, Indoor Swimming Pool, Video Security System. 15-20 minutes from Manhattan. Close to JFK Airport & Major Shopping. Lots of high end luxury amenties. Call us for more details on amenties or just to inquire about buying an apartment unit in this building or the entire newly constructed building.
 
Highlights

OPTION #1: Purchase Price in the amount of $55 Million with the Certificate of Occupancy delivered by the end of 2008 OPTION #2: 50% equity partner with the amount of $30 Million to convert the building into apartment hotel, where the return of the building will be $60 Million in 2 years in the rate of 50% occupancy
OPTION #3: The project is approximately 85% completed, closing now for $48 Million plus $5 Million GC contract to be signed to finished the building in 6 months. The Building has 25 year tax abatement and it double your capital witnin 3 years. The building is a corner of peace & freshness with an oceanfront view.
Video Securtiy & Intercom System in each apartment On site secure parking
2500 Square Feet Fitness Center with Sauna 5 Feet Jacuzzi in Each Apartment
Oceanfront Condomnium With 126 Apartments with 24 hr Doorman & On site secure parking, 25 year tax Abatement View of Beach from Balcony of apartment

Features
Interior Features
 Air Filter  Alarm System  Hardwood Floors
 Laundry Room  Sauna  Wet Bar
Appliances
 Dishwasher  Dryer  Microwave
 Refrigerator  Stove  Washer
Exterior Finish
 Brick
Lot Features
 Swimming Pool
View
 Ocean View
Extra Features
 Balcony  Central Elevator  Fitness Center
 Intercom  Lobby  Security Guard on Duty
 TV Security
Brokered and Advertised by:   UNLIMITED HOMES REALTY P2#1825959
 

Information is deemed to be correct but not guaranteed.